Mergers and acquisitions matching for performance improvement: a DEA-based approach

Yang, Lin; Wang, Ying‐Ming; Shi, Hai-Liu

doi:10.1080/1331677x.2020.1775673

Cited by 17 publications

(6 citation statements)

References 57 publications

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“…The market perception of this merger program is trelatively positive and it is expected to become a sharia megabank in Indonesia. The findings suggest that the level of efficiency and stability of banks can be a tool to explain market perceptions of mergers (Kohers, Huang, & Kohers, 2000) and to consider mergers and acquisitions (M&A), as the merged banks are expected to function efficiently in a global context (Lin, Wang, & Shi, 2020).…”

Section: Results and Analysis 41 Resultsmentioning

confidence: 99%

Dea Window Analysis for Indonesian Islamic Banks’ Efficiency

Rusydiana¹,

As-Salafiyah²

2021

JIMF

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This study measures the efficiency of Islamic banks in Indonesia using Data Envelopment Analysis (DEA) window methods for 14 Indonesia’s Islamic banks covering the period spanning from 2011 to 2020.. The results show that the efficiency of Islamic banks averages 80% and exhibits increasing trend over the period 2011-2020. Based on stability measures, which are standard deviation (SD), Long Distance per Window (LDW), Long Distance per Period (LDP), and Long Distance per Year (LDY), we find the efficiency of PT Bank BRI Syariah (BSI) and PT Bank Syariah Mandiri (BSI) to be relatively stable.

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Section: Results and Analysis 41 Resultsmentioning

confidence: 99%

Dea Window Analysis for Indonesian Islamic Banks’ Efficiency

Rusydiana¹,

As-Salafiyah²

2021

JIMF

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“…The evaluation of TFP is one of the most effective calculation methods of high-quality development efficiency, considering that single-index evaluation or multi-index weighted combination scoring evaluation may ignore the internal logic of high-quality development. The data envelopment analysis (DEA) [17,18] model is the main method used for measuring economic development efficiency and TFP, which only requires inputs and outputs to be quantified with no hypothesis function form [19,20], including radial DEA [21,22], oriented DEA [23], original constant return to scale DEA (CCR-DEA) [24], network DEA [25], super-DEA [26], multistage DEA [27,28], SBM [29] and so on. In highquality development, resources and the environment are not only endogenous variables of economic development but also rigid constraints on the scale and speed of economic development.…”

Section: Literature Reviewmentioning

confidence: 99%

Research on High-Quality Development Efficiency and Total Factor Productivity of Regional Economies in China

Hua

Jin

2021

Sustainability

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Different from the developmental mode of western developed countries, China’s economy has changed from a stage of high-speed growth to a stage of high-quality development, where the people’s growing needs for better lives can be met, embodying this new concept of development. The aim of our study is to evaluate the high-quality development efficiency and total factor productivity (TFP) of regional economies in China, and to explore the characteristics of spatial-temporal pattern evolution and their influencing factors. By using the slacks-based measure of directional distance functions (SBM-DDF) model, based on the undesirable output perspective, the high-quality development efficiency and TFP of regional economies in China, from 2000 to 2018, are evaluated in this paper. The exploratory spatial data analysis (ESDA) and Tobit models are then used to identify the spatial-temporal correlation patterns and influencing factors of high-quality development efficiency and TFP. The key results show the following: (1) from 2001 to 2018, the greatest high-quality development efficiency and TFP belonged to China’s eastern region and the least to its central region. (2) U and inverted-U trend lines show that high-quality development efficiency has significant regional difference in the east–west direction, presenting a significant feature of spatial imbalance. (3) Government, urbanization rate, and marketization level play a positive role in their impact of TFP, whereas financial development, infrastructure, foreign direct investment, and capital labor ratio play a negative one.

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“…Efficiency is understood as a relationship between the effects and the amount of resources used to achieve those effects (Samuelson et al, 2009). Efficiency refers to the ability of company or industry to produce the maximum outputs by consuming the minimum required resources (Lin et al, 2020). Kim and Davis (2019, p. 777) emphasise that a high level of efficiency means "a low level of slack, which is defined as excess inputs, such as unnecessary expenditures, unused materials and redundant functions".…”

Section: International Acquisitions and Efficiencymentioning

confidence: 99%

“…, 2009). Efficiency refers to the ability of company or industry to produce the maximum outputs by consuming the minimum required resources (Lin et al. , 2020).…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

International acquisitions and efficiency and productivity of the Serbian cement industry

Savović

Mimović

Domanović

2021

IJOEM

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PurposeThis paper explores the impact of international acquisitions on the efficiency and productivity of the cement industry in an emerging economy.Design/methodology/approachThe data envelopment analysis (DEA) and Malmquist index (MI) are used to calculate the partial efficiency and productivity of individual inputs (materials, labour and fixed assets), as well as the total factor efficiency and productivity during the period 2000–2018. DEA and MI are combined with bootstrapping to perform succinct statistical inferences for determining the accuracy of results. In this paper we apply the input-oriented CCR DEA Window model. With respect to the level of analysis, data was collected from individual companies and then aggregated data at the industry level.FindingsThe research results show that international acquisitions positively affect efficiency of the cement industry in the long term. Efficiency of capital is lower in the short period after acquisitions. Additionally, international acquisitions positively affect partial productivity, as well as total factor productivity of the cement industry.Practical implicationsThe results of the study may be significant for managers and policy makers to design appropriate strategies for the improvement of the cement industry performance over time.Originality/valueResearch in emerging economies related to subject matter is limited, and this is one of the earliest research studies which explore change in efficiency and productivity at the level of Serbian cement industry.

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Mergers and acquisitions matching for performance improvement: a DEA-based approach

Cited by 17 publications

References 57 publications

Dea Window Analysis for Indonesian Islamic Banks’ Efficiency

Dea Window Analysis for Indonesian Islamic Banks’ Efficiency

Research on High-Quality Development Efficiency and Total Factor Productivity of Regional Economies in China

International acquisitions and efficiency and productivity of the Serbian cement industry

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