Detail publikace

The Most Efficient Czech SME Sectors: An Application of Robust Data Envelopment Analysis

Autor: Jan Průša M.Phil. (Cantab), Ph.D.,
Typ: Články v impaktovaných časopisech
Rok: 2012
Číslo: 1
ISSN / ISBN: 0015-1920
Publikováno v: Czech Journal of Economics and Finance
Místo vydání: Prague
Klíčová slova: production; efficiency measurement; data envelopment analysis; small and medium-sized enterprises
JEL kódy: D24, L60, L70
Granty: Efektivnost a zaměstnanost v malých a středních podnicích: srovnání s korporativním sektorem (2008-2010) GAČR č. P402/12/0982: Trade Flows in Times of Economic Boom and Slump: Modifying the Gravity Model for Country, Time and Product-Specific Decision-Making GAČR P402/11/0948 Vývoj analytického rámce pro energetickou bezpečnost: Ekonometrie časových řad, teorie her, meta-analýza a teorie regulace
Abstrakt: This paper analyzes the efficiency of Czech small and medium-sized enterprises (SMEs). The main focus is on structural analysis of Czech SMEs in manufacturing based on their efficiency. We use sectoral data from 2002 to 2005 for 30 manufacturing industries, each divided into five subgroups according to the number of employees. We employ standard
and advanced robust data envelopment analysis (DEA) to obtain cross-sectional rankings of individual industries. The results reveal substantial variance in the efficiency scores, variance which is only partly removed by the robust DEA specification. We found that the majority of sectors operate below full efficiency, with only a few industries belonging to the top performers. The average efficiency lies between 50 and 70 percent of that of the best sectors. We conclude that only a minor proportion of Czech SMEs are able to generate high value added per unit of labor-capital.




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