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Comparative Study On The Level Of Efficiency And Its Determinants For The Manufacturing Industry In Central And Eastern Europe

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  • Mogoseanu Daniela Bianca

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

In this article, we have used a stochastic frontier approach (SFA) in order to analyse the efficiency and determinants of the manufacturing firms from Central and Eastern Europe. The results reveal that firms from Poland, Czech Republic, Hungary have a higher efficiency than firms from Romania and Bulgaria. The evolution in time of the efficiency show that years 2008 and 2009 have brought a decrease of the efficiency’s index. This drop-off is caused by the global economic crisis that has reduced the demand and affected the turnover.

Suggested Citation

  • Mogoseanu Daniela Bianca, 2013. "Comparative Study On The Level Of Efficiency And Its Determinants For The Manufacturing Industry In Central And Eastern Europe," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 186-196.
    • Handle: RePEc:aio:aucsse:v:1:y:2013:i:41:p:186-196
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    References listed on IDEAS

    as
    1. Alin Marius Andries, 2011. "The Determinants of Bank Efficiency and Productivity Growth in the Central and Eastern European Banking Systems," Eastern European Economics, Taylor & Francis Journals, vol. 49(6), pages 38-59, November.
    2. Md. Azizul Baten & Masud Rana & Sumonkanti Das & Md. Abdul Khaleque, 2006. "Technical Efficiency of Some Selected Manufacturing Industries in Bangladesh: A Stochastic Frontier Analysis," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 11(2), pages 23-41, Jul-Dec.
    3. Carlos Montoro & Liliana Rojas-Suarez, 2012. "Credit at times of stress: Latin American lessons from the global financial crisis," BIS Working Papers 370, Bank for International Settlements.
    4. Margono, Heru & Sharma, Subhash C., 2006. "Efficiency and productivity analyses of Indonesian manufacturing industries," Journal of Asian Economics, Elsevier, vol. 17(6), pages 979-995, December.
    5. M. Diaz & Rosario Sanchez, 2008. "Firm size and productivity in Spain: a stochastic frontier analysis," Small Business Economics, Springer, vol. 30(3), pages 315-323, March.
    6. repec:lje:journl:v:2:y:2006:i:2:p:23-41 is not listed on IDEAS
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    More about this item

    Keywords

    efficiency; inefficiency determinants; manufacturing firms; performance; leverage;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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