Purpose – The purpose of this paper is to: study the relative efficiency between hotels operating under a brand and hotels operating independently, on the island of Crete, Greece; identify the inefficiency causes; and suggest managerial implications to relevant business experts and managers in...

This paper analyses the cost efficiency of Italian football clubs using a stochastic frontier model. The frontier estimation confirmed that the model fits the data well with all coefficients correctly signed and in line with the theoretical requirements. Marketing and Sponsorship is taken into...

The aim of this article is to estimate the determinants of industrial productivity growth in Colombia’s regions. In this regard, we follow to Kumbhakar and Lovell (2000), who decompose total factor productivity growth into three sources: technical change, scale economies and technical...

An optimal asset allocation is crucial for non-life insurance companies. The most previous studies focused on this topic use a mono-objective technique optimization. This technique usually allows the maximization of shareholders’ expected utility. As non-life insurance company is a complex...

The public capital installed in a region has an important role in the development of that region, because the studies in this area show us that public capital has an important role on the private sector performance. It is expected that public capital enhances private sector efficiency, and thus...

This study uses the stochastic production frontier to analyze technical efficiency of tea production in northeastern Vietnam. Our study estimated that the average technical efficiency of tea production is very low, only about 32%. Technical efficiency can be improved by having a training on sale...

The effect of R&D intensity and R&D spillovers on the technical efficiency of R&D performers has not been examined for the Turkish manufacturing sector. This study investigates whether R&D intensity and R&D spillovers contribute to firms’ technical efficiency. Employing stochastic frontier...

The Indian banking system is still dominated by the public sector banks, and the issues of performance and efficiency have emerged to be the touchstone for the success of such banks. There is a need to develop a comprehensive framework for measuring their efficiency in transforming their...

Cost or revenue efficiency measurement based on the approach initiated by Farrell has received great attention from academics and practitioners since the fifties. Farrell’s approach decomposes cost efficiency into two different sources, viz. technical efficiency and allocative efficiency....

In this paper a Stochastic Frontier Model is used to examine the technical efficiency and total factor productivity (TFP) growth in the Ethiopian manufacturing sector over the period 1996– 2009. TFP growth is decomposed into technical change (progress), technical efficiency change, and scale...