This article presents insights into the efficiency of Lithuanian family farms. The research covers the years 2004–2009 and is based on farm-level Farm Accountancy Data Network data. Bootstrapped data envelopment analysis was employed to obtain efficiency scores, whereas stochastic kernels and...

Total factor productivity (TFP) growth measures usually focus on a certain direction of optimization and ignore the general setting encompassing the input and output orientations simultaneously. This paper uses the generalized Luenberger-Hicks-Moorsteen (LHM) TFP indicator which is additively...

Hedge funds have become an important part of the financial sector. The development of the hedge funds in the Nordic countries has been rather robust. Therefore, it is important to identify the determinants of the hedge fund performance and isolate the managerial performance, i.e., the Jensen's...