Multifactor productivity growth measures can be constructed using different input–output concepts. We estimate three distinct productivity growth measures respectively based on gross output, value added, and cash flow and discuss their economic interpretation. By making use of an index theory...

In this paper, we assess the potential for rehabilitation of comparative analysis under its new guise of benchmarking. After a brief description of comparative analysis, we discuss the deficiencies that surrounded its fall in reputation: neglect of economic principles, limited scope for action,...

In this paper we analyse the technical efficiency of cotton farmers in the Punjab Province in Pakistan. Technical efficiency is measured relative to a stochastic frontier production function (SFPF). The estimated model includes a function in which technical efficiency is made an explicit...

The aim of the paper is to present in-depth view on the competitive environment of the Czech dairy industry. The financial statement analysis evaluates the financial performance of the dairy industry in the period 2007 - 2011. The sample of 38 dairy processors represents leading market players....

The last few years have seen big increases in land values. Cash rents have also increased but perhaps at a slower rate than land values. This paper examines the ratio of land values to cash rents to determine how cash rents have changed in relation to land value changes. This ratio is important...

In recent decades the northwestern part of Germany (Weser-Ems region) has come to focus on intensive pork production. This has led to public outrage about the disposal of biological waste, farmers’ complaints about the high cost of leasing land, soaring risks of animal diseases, and the...

Market orientation (MO) – which is the propensity of a firm to collect and utilise information from the market – is an important leverage of competitive advantage. This paper helps to better understand why some owner-managers engage with market intelligence why others simply do not. The...