For quite some time long-only index funds have been suspected of being responsible for price increases in agricultural futures markets. This suspicion has prompted demands to drastically limit long-only index funds' scope of activity. Such demands and their underlying diagnoses, however,...

Enterprise flexibility, against the background of ever-faster changing environs, is deemed to be as a critical prerequisite for staying successful in business. Flexibility may be termed in an economic sense as the capability to adjust production schemes to a new situation without significant...

Flexibilität von Unternehmen wird vor dem Hintergrund einer sich immer schneller wandelnden Umwelt als eine wichtige Voraussetzung für ein erfolgreiches Bestehen am Markt betrachtet. Flexibilität kann im ökonomischen Sinne als Fähigkeit Produktionspläne ohne erhebliche Zusatzkosten an eine...

Effective agricultural policymaking requires the accurate estimation of the production technology and efficiency of farms. However, several methodological issues should be considered when modelling production and estimating technical efficiency. In this paper, we focus on two of...

This paper investigates the impact of corporate research and development (R&D) on firm performance in the food-processing industry. We apply Data Envelopment Analysis (DEA) with two step bootstrapping using a corporate data for 307 food-processing firms from the EU, US, Canada and Japan for the...

The paper analyses scale efficiency in European pork production. The analysis shows significant differences in the exploitation of economies of scale among EU member states. In particular, old member states exhibit increasing returns to scale whereas most new member states show either constant...

The paper deals with the analysis of productivity and efficiency differences between Czech and Slovak milk producers. The estimate of stochastic metafrontier multiple output distance function revealed that both Czech and Slovak milk producers highly exploit their production possibilities. On the...