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The objective of this paper is to discuss the use of modern frontier efficiency analysis to analyze firm performance in … research to incorporate the frontier efficiency approach. The chapter also serves as a guide for those who are already … conducting frontier efficiency analysis but are seeking guidance in using the methodology or defining inputs and outputs. We …
Persistent link: https://www.econbiz.de/10013066707
operating efficiency across countries. The declining operating costs between 1992 and 1997 is consistent with improving …
Persistent link: https://www.econbiz.de/10012729279
efficiency change. In other words, the two well-known sources of productivity growth - technology and efficiency - can be … augmented by a third one, namely the industrial organization effect. In this paper the efficiency of an industrial organization … and its contribution to performance are measured by benchmarking all firms on the industry. More precisely, efficiency is …
Persistent link: https://www.econbiz.de/10014056829
This paper examines the relationship between pay inequality, economic growth, and performance in Korea. Pay inequality is estimated by using Theil's index to identify the factors determining the level of pay inequality, and establish its relationship with economic growth and performance. For the...
Persistent link: https://www.econbiz.de/10003769576
We introduce a new two-dimensional measure for the heterogeneity of performance within groups of economic units. This measure accounts both, for the relative performance of the single units of groups and their relative size. We demonstrate that the new measure leads to a much more differentiated...
Persistent link: https://www.econbiz.de/10010513684
The aim of this study is to analyze the relationship between uncertainty and economic activity. For this purpose, we use a confidential firm level panel data set (Business Tendency Survey) from Turkey to form three uncertainty measures, namely total, idiosyncratic and aggregate uncertainty. In...
Persistent link: https://www.econbiz.de/10009407660
This article conducts an attribution analysis for German real estate funds. The performance of real estate funds within Germany is dissected into property returns, liquidity returns, leverage and expenses. Furthermore a model is set up to explain annual fund returns using the factors investor...
Persistent link: https://www.econbiz.de/10013098460
The market of German property funds that revalue their real estate assets at least once a year can be subdivided by their legal structure into listed property companies, listed REITs, open-ended public funds and open-ended Spezialfonds. Unlike most other developed real estate markets, the German...
Persistent link: https://www.econbiz.de/10013101159
The goal of the paper is an evaluation of the performance of manufacturing branches of the Polish economy. Two approaches have been applied. In the first approach data from state statistical reports have been used. Single variables have been combined into the composite indicator, which has...
Persistent link: https://www.econbiz.de/10013076331
This paper sets out an analytical framework for assessing the performance and value creation of National Oil Companies (NOCs). NOCs differ greatly in their institutional environments, their corporate objectives and operations, and their domestic and international socio-economic linkages, which...
Persistent link: https://www.econbiz.de/10014200403