Bayaraa, Batchimeg; Tarnoczi, Tibor; Fenyves, Veronika - In: Journal of business economics and management 20 (2019) 6, pp. 1238-1257
from the Mongolian Stock Exchange website. The companies are grouped by k-medoids clustering, and efficiency of each … compared by financial ratios. The mean efficiency score of big companies' is much higher than that of small and medium …-sized companies. Integrated results show that cluster-specific efficiency provides better performance than pre-clustering efficiency …