Pure Technical Efficiency and Its Determinants - The Case of Croatian Beverage Industry

DOI

10.2991/assehr.k.210513.069How to use a DOI?

Keywords

Efficiency, Croatia, Beverage industry

Abstract

In order to determine pure technical efficiency of firms operating in Croatian beverage industry, a Data Envelopment Analysis is performed on the sample of 57 large, medium-sized and small firms that were active in this industry in 2019. For this purpose, three inputs (material costs, labour costs and fixed assets) and three outputs (profit, operating revenue and value added) were chosen and used in the output-oriented model. The results obtained in the first stage of research (i.e. DEA analysis) were later used in the second stage of analysis, in which a truncated regression is performed in order to identify the determinants of firms (in) efficiency. The results indicated that firm’s size, its age and collection period play significant role in firms’ efficiency.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Maja Pervan
PY  - 2021
DA  - 2021/05/14
TI  - Pure Technical Efficiency and Its Determinants - The Case of Croatian Beverage Industry
BT  - Proceedings of the 6th International Conference on Education Reform and Modern Management (ERMM 2021)
PB  - Atlantis Press
SP  - 297
EP  - 300
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210513.069
DO  - 10.2991/assehr.k.210513.069
ID  - Pervan2021
ER  -