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The Influence Of The Field Of Business On The Development Of Productivity In Selected Companies Of The Czech Chemical Industry

Author

Listed:
  • Olga Kutnohorská

    (University of Chemistry and Technology, Prague)

  • Dana Strachotová

    (University of Chemistry and Technology, Prague)

  • Marek Botek

    (University of Chemistry and Technology, Prague)

  • Stanislava Grosová

    (University of Chemistry and Technology, Prague)

Abstract

This study analyses the productivity of selected chemical industry companies in the Czech Republic through Data Envelopment Analysis (DEA). The selection of companies for analysis was based on the amount of turnover and also according to the field of business. The enterprises were grouped into 4 groups. The first group A represents qualified chemistry, followed by group B (commodity inorganic and organic chemistry), group C (processing of plastics or rubbers) and group D (distribution of raw materials). The Malmquist productivity index (MPI) was used to analyse changes in the productivity of companies, and the statistical significance of these indices was tested using. This procedure helped identify the influence of various factors on the efficiency and productivity of companies, including the influence of the area of business. The study showed other possibilities of using this procedure. E.g., in the case of inclusion of environmental costs or investments in the field of the environment.

Suggested Citation

  • Olga Kutnohorská & Dana Strachotová & Marek Botek & Stanislava Grosová, 0000. "The Influence Of The Field Of Business On The Development Of Productivity In Selected Companies Of The Czech Chemical Industry," Proceedings of Economics and Finance Conferences 14716504, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:14716504
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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.
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    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. Barnabé Walheer, 2022. "Global Malmquist and cost Malmquist indexes for group comparison," Journal of Productivity Analysis, Springer, vol. 58(1), pages 75-93, August.
    5. Kuosmanen, Timo, 2006. "Stochastic Nonparametric Envelopment of Data: Combining Virtues of SFA and DEA in a Unified Framework," Discussion Papers 11864, MTT Agrifood Research Finland.
    6. 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.
    7. Timo Kuosmanen & Mika Kortelainen, 2012. "Stochastic non-smooth envelopment of data: semi-parametric frontier estimation subject to shape constraints," Journal of Productivity Analysis, Springer, vol. 38(1), pages 11-28, August.
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    More about this item

    Keywords

    Field of business of chemical industry company; Data envelopment analysis; Malmquist productivity index; 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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    Access and download statistics

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