Profits can persist in the resource-based view (RBV) of the firm because of heterogeneity of inputs combined with resource immobility. The firm-efficiency interpretation of the RBV posits that heterogeneity in, for example, technology or know-how, leads to inter-firm efficiency differences which...

This paper presents an exploratory study to assess the efficiency level of construction companies worldwide, exploring in particular the effect of location and activity in the efficiency levels. This paper also provides insights concerning the convergence in efficiency across regions. The...