This study discusses nine desirable properties that a measure of technical efficiency (TE) needs to satisfy from the perspective of production economics and optimization. Seven data envelopment analysis (DEA) models are theoretically compared from a viewpoint of nine TE criteria. All the seven...

This study compares data envelopment analysis-discriminant analysis (DEA-DA) with Altman's financial ratio analysis to identify the position of DEA-DA in financial performance analysis. Then, this study applies DEA-DA to examine whether Research and Development (R&D) expenditure influences the...

This paper proposes data envelopment analysis (DEA) as a quick-and-easy tool for assessing corporate bankruptcy. DEA is a non-parametric method that measures weight estimates (not parameter estimates) of a classification function for separating default and non-default firms. Using a recent...