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Radial and Non-Radial Decompositions of Profit Change : With an Application to Indian Banking

Sahoo, Biresh - 2012

Grifell-Tatje and Lovell (Grifell-Tatje, E., Lovell, C.A.K., 1999. Profits and productivity. Management Science 45, 1177-1193) made significant contributions to the literature on the extended radial DEA framework by decomposing profit change into six mutually exclusive components. Their...

Persistent link: https://www.econbiz.de/10013097894

Cost Behavior and Profitability of Family Firms

Abudy, Menachem (Meni); Shust, Efrat - 2022

This paper investigates whether family ownership affects a firm’s cost behavior and profitability. We find that in … their profitability more resilient to downturns. Consistent with this notion, we find that family firms exhibit better … firms’ operations and profitability …

Persistent link: https://www.econbiz.de/10013404294

Persistent and Transient Efficiency on the Stochastic Production and Cost Frontiers – An Application to the Motorway Sector

Albalate, Daniel - 2016

This paper implements both stochastic production and cost frontier analyses to estimate the efficiency of toll motorway companies in Spain, the country with the largest number of private concessionaires in this economic sector. Our dataset includes 32 concessionaires with different features for...

Persistent link: https://www.econbiz.de/10012981225

The hidden cost of investment : the impact of adjustment cost on firm performance measurement and regulation

Nick, Sebastian; Wetzel, Heike - 2014

In this study, we address a major problem in the measurement of firm performance and the regulation of natural monopolies, namely the intertemporal character of long-term investment decisions. In specific, we focus on the impact of adjustment costs of investments on estimates of firms’...

Persistent link: https://www.econbiz.de/10010253389

Efficiency analysis of Lloyd’s Syndicates : a comparison of DEA and SFA approaches

Nektarios, Milton; Xenos, Panos; Nektarios, George; … - In: Spoudai : journal of economics and business 65 (2015) 1/2, pp. 27-46

This paper evaluates the efficiency of the twenty-one largest Syndicates of Lloyd's of London. Members of Lloyd's of London are grouped into Syndicates in order to undertake insurance liabilities. In this study, the Syndicate is regarded as the counterpart of an insurance company in a regular...

Persistent link: https://www.econbiz.de/10011300255

Nonparametric identification of unobserved technological heterogeneity in production

Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de; … - 2018

We propose a novel nonparametric method for the structural identification of unobserved technological heterogeneity in production. We assume cost minimization as the firms' behavioral objective, and we model unobserved heterogeneity as an unobserved productivity factor on which firms condition...

Persistent link: https://www.econbiz.de/10011793730

Efficient and sustainable bioenergy production in Swedish forests : a network DEA approach

Zhou, Wenchao; Bostian, Moriah; Färe, Rolf; Grosskopf, … - 2019

Forest fuel defined as branches and tops (GROT) of harvested trees represents a large share of forest biomass and is increasingly viewed as a potential energy source. This study assesses the economic potentials of forest bioenergy production in Swedish forests, using a network data envelopment...

Persistent link: https://www.econbiz.de/10012289186

The cost of readmissions in hospitals : the case of the Spanish public hospitals

Rodríguez Álvarez, Ana; Alonso-Iglesias, Eder - 2024

Background In this paper, we propose a novel model that allows us to understand the effect of hospital readmis- sions on technology and costs. To do this, we consider that hospitals may experience heterogeneous discharges: on the one hand, discharges corresponding to patients who have completed...

Persistent link: https://www.econbiz.de/10015371781

Returns to Growth in a Nonparametric DEA Approach

Sahoo, Biresh; Kerstens, Kristiaan; Tone, Kaoru - 2012

In this contribution, first the concept of returns to growth (RTG) of a high-tech firm facing hyper-competition in the new economy is introduced by describing a proportional relationship between growth in inputs and growth in outputs using the growth efficiency (GE) model of Sengupta (2002)....

Persistent link: https://www.econbiz.de/10014039807

Technical progress and induced innovation in China : a variable profit function approach

Wong, K. K. Gary; Fleisher, Belton M.; Zhao, Min Qiang; … - 2020

productivity (TFP) growth in China. Our primary goal is to test Hicks' induced innovation hypothesis by examining whether technical … change in China has been induced by sharp increase in input prices that have accompanied its rapid economic growth. Utilizing … buffers a long-term decline in TFP growth that would otherwise be quite substantial. We conclude that China's economic growth …

Persistent link: https://www.econbiz.de/10012179650