Abstract In a widely acclaimed contribution to Management International Review, Hennart (2007) challenged one of the mainstream theories Business, S-curve relationship between multinationality and performance, by arguing that there is no positive impact on performance aside from scale enhancing effect resulting increasing multinationality. We examine his arguments analyzing 3876 firms Canada, G...

The aim of this study, through the estimation of a cost function, is to estimate the scale economies and scale and X-inefficiencies of commercial banks operating in Indonesia with a view to identifying hypothetical mergers that could deliver significant cost savings. Economies of scale are typically only found for the largest and smallest banks, with the industry’s estimated scale inefficiency ...

The paper aims to identify whether production characteristics, such as technical efficiency and returns to scale, affect takeovers. Applying a two-stage procedure on original panel data on French cheese manufacturers, the paper first estimates firm-specific productive efficiency and scale economies using Data Envelopment Analysis. The paper then uses the findings of the first stage to evaluate ...