Stochastic frontier modelling of working capital efficiency across Europe

نویسندگان

چکیده

This paper adopts the stochastic frontier analysis (SFA) to model working capital efficiency (WCE) on a sample of 6170 European firms from 2009 2018. We find: (i) larger are more efficient with their management (WCM) than smaller firms, (ii) higher cash holding contributes WCE, (iii) high competition is less conducive WCE low competition, (iv) export and sales growth potential decrease (v) increases access bank credit. In analysis, distinction made between “old” EU countries “new” countries. The results sensitive year admission into EU. robust omitted variable bias, using novel approach. • Larger Higher High competition. Export credit

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Technical Efficiency of Teaching Hospitals in Iran: The Use of Stochastic Frontier Analysis, 1999–2011

Background Hospitals are highly resource-dependent settings, which spend a large proportion of healthcare financial resources. The analysis of hospital efficiency can provide insight into how scarce resources are used to create health values. This study examines the Technical Efficiency (TE) of 12 teaching hospitals affiliated with Tehran University of Medical Sciences (TUMS) between 1999 and 2...

متن کامل

Efficiency Measurement with the Weibull Stochastic Frontier*

In this paper we consider the Weibull distribution as a model for technical efficiency. The distribution has a shape and scale parameter like the gamma distribution and can be a reasonable competitor in practice. The techniques are illustrated using artificial data as well as a panel of Spanish dairy farms.

متن کامل

Efficiency of Ontario primary care physicians across payment models: a stochastic frontier analysis

OBJECTIVE The study examines the relationship between the primary care model that a physician belongs to and the efficiency of the primary care physician in Ontario, Canada. METHODS Survey data were collected from 183 self-selected physicians and linked to administrative databases to capture the provision of services to the patients served for the 12 month period ending June 30, 2013, and the...

متن کامل

Properties of Technical Efficiency Estimators in the Stochastic Frontier Model

The estimation of frontier cost and production functions has been given impetus by the introduction of the stochastic frontier.’ This model is distinguished by a disturbance term composed of two parts a one-sided component, non-positive for production functions and non-negative for cost functions, representing the degree of inefficiency, and a symmetric component representing the usual statisti...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Technological Forecasting and Social Change

سال: 2022

ISSN: ['0040-1625', '1873-5509']

DOI: https://doi.org/10.1016/j.techfore.2022.122012