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Inefficiency Causes And Resolutions Toward Financial Success Of Singapore Manufacturing Enterprises

Author

Listed:
  • DAO LE TRANG ANH

    (Faculty of Agribusiness and Commerce, Lincoln University, Canterbury, New Zealand2School of Banking and Finance, National Economics University, Hanoi, Vietnam)

  • CHRISTOPHER GAN

    (Faculty of Agribusiness and Commerce, Lincoln University, Canterbury, New Zealand)

Abstract

This study estimates the profitability and marketability efficiencies’ scores and determinants of 114 Singapore listed manufacturing firms from 2007 to 2018 by adopting bootstrapped two-stage data envelopment analysis (DEA) as well as one- and two-part fractional regression models. The study reveals that the average marketability efficiency of Singapore listed manufacturing firms (0.881) is lower than the average profitability efficiency (0.970) during the study period. Further, the results show that the length of listing, headcount, institutional ownership, leverage ratio and high-technology production statistically affect the profitability and marketability efficiencies of Singapore listed manufacturing firms.

Suggested Citation

  • Dao Le Trang Anh & Christopher Gan, 2024. "Inefficiency Causes And Resolutions Toward Financial Success Of Singapore Manufacturing Enterprises," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 69(07), pages 2119-2141, December.
    • Handle: RePEc:wsi:serxxx:v:69:y:2024:i:07:n:s0217590821500156
    DOI: 10.1142/S0217590821500156
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    More about this item

    Keywords

    Data envelopment analysis; efficiencies; fractional regression model; Singapore manufacturing sector;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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