Do market share and efficiency matter for each other? An application of the zero-sum gains data envelopment analysis

Hu, Jin-Li; Fang, Chin-Yi

doi:10.1057/jors.2009.11

Cited by 29 publications

(23 citation statements)

References 35 publications

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“…There has been some exploration of efficiency and this has largely focused on scope and scale (Goldberg et al, 1991, Hu and Fang, 2010, Lee et al, 2014. We add to this work by developing an integrative model to examine the relationship between the micro-level organisational efficiency of securities firms and their size, ownership (foreign or domestic) and, affiliation (to a foreign or domestic bank).…”

Section: Micro-level Context For the Study: Securities Firmsmentioning

confidence: 99%

The professional service firm (PSF) in a globalised economy: A study of the efficiency of securities firms in an emerging market

Demirbağ

McGuinness

Akın

et al. 2016

International Business Review

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The Professional Service Firm (PSF) in a globalised economy: a study of the efficiency of securities firms in an emerging market AbstractThis study explores the efficiency of securities firms in Turkey and offers conceptual and managerial insights utilizing data envelopment analysis. Through a sample of local and foreign owned securities firms in Turkey, we examine the impact of liabilities of foreignness (LOF) and localness (LOL) upon knowledge intensive firm efficiency in an emerging market economy. We have extended this approach through our consideration of liability associated with market globalness (LOMG). Our findings indicate the importance of size for firm efficiency with bank affiliation and foreign ownership also having positive effects on efficiency. Our study makes a contribution conceptually, methodologically and empirically to a growing literature on emerging economies. We also make a valuable addition to the limited empirical work conducted on the securities industry to date. Finally, through our contextualization of Turkish securities firms as professional services firms (PSFs), our research extends the narrow focus on law and accounting which currently dominates the burgeoning research strand on PSFs.

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Section: Micro-level Context For the Study: Securities Firmsmentioning

confidence: 99%

The professional service firm (PSF) in a globalised economy: A study of the efficiency of securities firms in an emerging market

Demirbağ

McGuinness

Akın

et al. 2016

International Business Review

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“…In Lins et al (2003) the authors propose strategies for the radial search of targets, highlighting the proportional reduction strategy. Applications of the ZSG-DEA model, other than those presented in the previously cited articles, can be seen in Gomes et al (2007, Gomes & Soares Mello (2009), Hu & Fang (2010).…”

Section: General Concepts and Radial Projectionsmentioning

confidence: 98%

Uniformization of frontiers in non-radial ZSG-DEA models: an application to airport revenues

et al. 2010

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We propose in this paper an extension to the Zero Sum Gains Data Envelopment Analysis model (ZSG-DEA). The proposed approach takes into account, simultaneously, non-radial projections and cone-ratio weights restrictions. We developed an iterative approximate algorithm to solve this model, as in the case study it is oriented only to the constant sum output. The theoretical approach is applied to the concession of discounts and surcharges problem, in terms of airport fees.

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“…They find that bank affiliated firms have higher efficiency scores. Hu and Fang (2010) Farrel for the first time suggest two approaches (parametric and nonparametric methods) to measure the efficiency of firms and during the past decades the studies developed along these paradigms (Serasigne et al, 2003). Nonparametric methods require minimal assumptions respect to structure of production and also they do not impose restrictions on the functional forms relating inputs and outputs.…”

Section: Literature Reviewmentioning

confidence: 99%

Efficiency and productivity of Turkish securities firms: 2011-2015

Taş¹,

Cevikcan²

2017

Pressacademia

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Employing a Data Envelopment Analysis (DEA) approach, we investigate the technological progress, efficiency, and productivity of the Turkish securities firms between 2010 and 2015. After measuring the performance of these firms with DEA analysis, we combine the efficiency scores with contingency factors (ownership, size and bank affiliation) in a panel regression analysis in order to determine the effects. Our results indicate that the securities industry in general is less efficient than the existing technology allows. The relative productivity of the Turkish securities industry in general improved. Foreign acquisition has positive significant contribution to the efficiency of securities firms. Smaller firms, due to their inability to respond to technological innovation, experienced especially large decreases in both efficiency and productivity.

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Do market share and efficiency matter for each other? An application of the zero-sum gains data envelopment analysis

Cited by 29 publications

References 35 publications

The professional service firm (PSF) in a globalised economy: A study of the efficiency of securities firms in an emerging market

The professional service firm (PSF) in a globalised economy: A study of the efficiency of securities firms in an emerging market

Uniformization of frontiers in non-radial ZSG-DEA models: an application to airport revenues

Efficiency and productivity of Turkish securities firms: 2011-2015

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