The measurement of universities' efficiency is gaining importance due to the increasing competitive pressure. As the results of such a measurement depend especially on the included input and output factors, it is essential to select them carefully to generate valid results. Against this...

Purpose: The subjective interpretation of numerical information can induce the so-called unit effect, i.e. the scale and unit chosen to quantify such information might influence a person's judgment. Although this bias is well-known, until now, it has been difficult to obtain an overview of the...

Data envelopment analysis (DEA) has become one of the most widely used instruments for measuring bank efficiency. However, its application encounters many problems, which is evidenced by continuous evolvements in the DEA method so far. Our paper addresses the pitfalls of DEA in the context of...