The predictive ability of relative efficiency for future earnings: an application using data envelopment analysis to Spanish SMEs

Maya, Carmelo Reverte; Guzmán, Isidoro

doi:10.1080/00036840801964575

Cited by 7 publications

(3 citation statements)

References 20 publications

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“…Most of the research is based on developed countries. Reverte and Guzman (2010) have measured the relative efficiency of 1939 Spanish SMEs using DEA as a measuring tool. In the literature, there are also studies calculating the efficiency of SMEs in Turkey with DEA.…”

Section: Introductionmentioning

confidence: 99%

Benchmarking a country for efficiency improvement: a DEA-based approach

Das

Kundu

2019

J Glob Entrepr Res

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The purpose of this study is to determine the critical factors of environment which influence the overall performance of Micro-Small-Medium Enterprises (MSMEs). This may be conjectured that the entry and exit from small and medium industries in any country are determined by the overall environmental mapping which is explicitly reflected through several parameters such as personality of entrepreneurs and operating environment of entrepreneurs. Accordingly, revisiting these two parameters can lead a country towards sustainable development. To develop a country's efficiency in terms of its SME development, it is essential to formulate an effective policy framework. For this, it is essential to visualize the overall situation in a comparative way. Benchmarking a similar country can lead towards effective policy formulation considering that the countries belong to the same category. The present study has developed an efficiency score for each country in terms of interaction variable. This score not only makes a country fit in a position of total entrepreneurship development but also with the help of benchmarking technique, the particular country can choose another efficient country to follow. This is also very much effective in the time of policymaking. In this research, three outputs have been taken to capture the overall entrepreneurial situation and in case of input only relevant variables have been taken into consideration.

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Section: Introductionmentioning

confidence: 99%

Benchmarking a country for efficiency improvement: a DEA-based approach

Das

Kundu

2019

J Glob Entrepr Res

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“…It is also could be applied when the outputs have different measurement units [13,14]. In addition, DEA does not make any possible assumptions related to the structure of the production function [15]. These flexibilities make DEA is preferable to other methods (see [16][17][18] for the examples of the applications of the DEA in the various fields).…”

Section: Introductionmentioning

confidence: 99%

A data envelopment analysis approach for assessing the efficiency of small and medium-sized wood-furniture enterprises: a case study

et al. 2018

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Small and medium enterprises (SMEs) are widely recognised as the key engine of economic development. As a result of this recognition, a central issue dominating policy debates around the world and Indonesia in particular, has been how to stimulate economic growth through the development of SMEs. During and beyond the financial crisis, the SMEs in Indonesia contributed to the employment growth and gave steady decline in poverty rate. Wood-furniture industry is one of two traditional labourintensive industries in Indonesia which plays an important role in the economic development since the country is as one of the biggest furniture exporters in the world. However, the SMEs are facing difficulties in many areas, especially in spending their scarce resources efficiently. A case study to assess the efficiency of the wood-furniture SMEs has been conducted by applying the data envelopment analysis in Kangkung Village, Demak Regency, Indonesia. The results show that from ten assigned wood-furniture SMEs, there are six SMEs that are considered efficient, while the rest are regarded as inefficient. This research is expected to give some advantages to the SMEs regarding how to use their limited resources in an efficient way.

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“…The most important advantage of DEA method is the fact that it does not make any possible assumptions related to the structure of the production function (Reverte & Guzman, 2010). At the beginning DEA that has been used to measure the efficiency of the non-profit corporations (Charnes, Cooper, & Rhodes, 1981;Lewin & Morey, 1981), afterwards has also been used in the measurement of the relative efficiencies of the profit making corporations conducting activities in different sectors (Chandara, Cooper, Li, & Rahman, 1998;Drake & Howcroft, 1994;Shammari, 1999;Zhu, 2000;Keh & Chu, 2003;Düzakın & Düzakın, 2007;Önüt & Soner, 2007;Kao & Hwang, 2008).…”

Section: Introductionmentioning

confidence: 99%

Measuring the Efficiency of Turkish SMEs: A Data Envelopment Analysis Approach

Büyükkeklik¹,

Dumlu²,

Evci³

2016

IJEF

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Small and medium-sized enterprises (SMEs) that are undertaking significant roles in the development of the economy of Turkey and in the increase of the production and employment encounter with many problems. Financial problems take an important place among them. The resources that could be used by SMEs in meeting the financing needs to be limited require the efficient use of these resources. In this study, the resource activities of SMEs have been studied with Data Envelopment Analysis (DEA). In analysis short-term liabilities, long-term liabilities and equity values of the enterprises that are quoted continuously on SME Industrial Index within 2011-2014 have been used as input variables; and the sales revenue and net profit values have been used as output variables. The total efficiency values of each decision making unit have been attained with the use of CCR model according to the years, technical efficiency values of them have been attained with the use of BCC model and the scale efficiency values of them have been attained by comparing these values to each other. As a result, it has been determined that those providing resource efficiency are only a few among the enterprises that are proceeded in the BIST SME Industrial Index; and these enterprises could reach their existent sales revenue and net profit numbers with less resources. In this respect it has been revealed that the SMEs that have problems in providing credit and not having strong equity structure are not able to make use of their own resources efficiently.

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The predictive ability of relative efficiency for future earnings: an application using data envelopment analysis to Spanish SMEs

Cited by 7 publications

References 20 publications

Benchmarking a country for efficiency improvement: a DEA-based approach

Benchmarking a country for efficiency improvement: a DEA-based approach

A data envelopment analysis approach for assessing the efficiency of small and medium-sized wood-furniture enterprises: a case study

Measuring the Efficiency of Turkish SMEs: A Data Envelopment Analysis Approach

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