increases the efficiency of the market (its role in price discovery). Its effect on market liquidity, however, is less clear …-cut. While the loss of anonymity most likely decreases liquidity, transparency on the quantity and price of concluded … transactions enhances liquidity. The emergence of electronic trading on developed government securities markets has not changed the …

The major strand of finance literature understands market efficiency through the market’s ability to process …, deploying the second definition, suggests a concept of static efficiency, and claims this can also be seen as a measure of … market quality. The paper develops a measure of qualitative static efficiency for bond markets built on four indicators …

Efficiency in the context of financial markets can be defined in many ways. The major strand of finance literature … static efficiency and claims that this efficiency can also be seen as a measure of the quality of a market. The paper … develops a measure of qualitative static efficiency for bond markets built on four indicators: transparency, number of …

Das Ziel dieser Arbeit ist es, den Zusammenhang zwischen der technischen Effizienz des Produktionsprozesses und dem … den Jahren 2000 und 2008. Die technische Effizienz der Betriebe wird mittels stochastischer Frontieranalyse untersucht … eine durchschnittliche technische Effizienz von 88,2 % und eine durchschnittliche Nettorentabilität von etwa 57 %. Eine …

efficiency (TE), technological change, and (both aggregated as overall index) on Total Factor Productivity (TFP). Given that the … fokussiert auf die jeweilige technische Effizienz (TE), den technologischen Wandel und, als Aggregat, auf die totale …

This paper analyzes the distribution of technical efficiency within manufacturing industries. Using a representative … efficiency, average firm size, capital intensity and the rate of new firm formation. Most strikingly, we find that in about 95 … percent of industries the distribution of technical efficiency is skewed to the right, not to the left as is commonly assumed. …

technical efficiency across industries. Technical efficiency is estimated by firms fixed effects. One striking result is that … the distribution of technical efficiency across industries is positively skewed. This is because the efficiency … technical efficiency differences across industries. Our econometric analyses provide evidence that capital and human capital …

significant changes in efficiency and productivity. This paper measures agricultural technical efficiency (TE) and total factor … change (TC) and scale efficiency change (SEC). This information is useful for policy makers to design suitable policies in … landwirtschaftlichen Produktion umzubauen. Signifikante Erhöhungen der Effizienz und der Produktivität waren die Folge. Die vorliegende …