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Productivity Development Of Companies Of The Czech Chemical Industry

Author

Listed:
  • Marek Botek

    (University of Chemistry and Technology, Prague)

  • Olga Kutnohorská

    (University of Chemistry and Technology, Prague)

  • Dana Strachotová

    (University of Chemistry and Technology, Prague)

  • Stanislava Grosová

    (University of Chemistry and Technology, Prague)

Abstract

This article studies the performance of selected companies of the Czech chemical industry. Data from financial statements are used for the analysis. The initial data is processed by the Data Envelopment Analysis (DEA) method. Furthermore, the authors use the Malmquist Productivity Index (MPI) to analyze changes in the productivity of companies, and the bootstrap method tested the statistical significance of these indexes. The authors examined the development of selected data over a longer time horizon in order to identify changes, for example, in the period before and after the COVID 19 epidemic. The findings of the study not only show the development of productivity, but also reveal the causes of the development.

Suggested Citation

  • Marek Botek & Olga Kutnohorská & Dana Strachotová & Stanislava Grosová, 0000. "Productivity Development Of Companies Of The Czech Chemical Industry," Proceedings of International Academic Conferences 14616446, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:14616446
    as

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    File URL: https://iises.net/proceedings/iises-international-academic-conference-lisbon-2024/table-of-content/detail?cid=146&iid=003&rid=16446
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    References listed on IDEAS

    as
    1. Dariush Akbarian, 2020. "Overall profit Malmquist productivity index under data uncertainty," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-20, December.
    2. Simar, Leopold & Wilson, Paul W., 1999. "Estimating and bootstrapping Malmquist indices," European Journal of Operational Research, Elsevier, vol. 115(3), pages 459-471, June.
    3. A Zanella & A S Camanho & T G Dias, 2013. "Benchmarking countries’ environmental performance," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 64(3), pages 426-438, March.
    4. Milton Nektarios & Carlos Pestana Barros, 2010. "A Malmquist Index for the Greek Insurance Industry*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 35(2), pages 309-324, April.
    5. Liu, Fuh-Hwa Franklin & Wang, Peng-hsiang, 2008. "DEA Malmquist productivity measure: Taiwanese semiconductor companies," International Journal of Production Economics, Elsevier, vol. 112(1), pages 367-379, March.
    6. Barnabé Walheer, 2022. "Global Malmquist and cost Malmquist indexes for group comparison," Journal of Productivity Analysis, Springer, vol. 58(1), pages 75-93, August.
    7. Odeck, James & Schøyen, Halvor, 2020. "Productivity and convergence in Norwegian container seaports: An SFA-based Malmquist productivity index approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 137(C), pages 222-239.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Chemical industry; Data envelopment analysis; Malmquist productivity index; Bootstrapping; Financial statements;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • D20 - Microeconomics - - Production and Organizations - - - General

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