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/).
Cite this article
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 -