Psillaki, Maria; Tsolas, Ioannis E.; Margaritis, Dimitris - In: European Journal of Operational Research 201 (2010) 3, pp. 873-881
This paper investigates whether productive inefficiency measured as the distance from the industry's 'best practice' frontier is an important ex-ante predictor of business failure. We use samples of French textiles, wood and paper products, computers and R&D companies to obtain efficiency...