WYKORZYSTANIE METODY DEA Z ZASTOSOWANIEM INDEKSU PRODUKTYWNOŚCI CAŁKOWITEJ MALMQUISTA DO OCENY EFEKTYWNOŚCI SPÓŁEK SEKTORA SPOŻYWCZEGO NOTOWANYCH NA BORSA İSTANBUL (BİST)
EVALUATION OF FIRMS OF AGRICULTURE AND FOOD SECTORS QUOTED AT BORSA İSTANBUL (BİST) BY DEA-BASED MALMQUIST TOTAL FACTOR PRODUCTIVITY INDEX
Author(s): Ali Osman Öztop, Harun UçakSubject(s): Business Economy / Management, Agriculture
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: capital market; Data Envelopment Analysis; Malmquist total factor productivity index
Summary/Abstract: This study applies a DEA-based Malmquist index to measure technical efficiency and total factor productivitychange of food and agriculture firms quoted at Borsa stanbul (B ST) over the 2010-2015 period.We have investigated efficiency scores of firms using financial ratios. The study shows that, averageMalmquist index score is 16.9% below efficiency frontier. Also, four of the twenty-three firms’ (KRSAN,KENT, TUKAS and ULKER) Malmquist total factor productivity (MTFP) ratio above the efficient frontier.The results indicate that nineteen out of twenty-three firms (82.6%) experienced productivity lossesin the examined period.
Journal: Acta Scientiarum Polonorum. Oeconomia
- Issue Year: 16/2017
- Issue No: 1
- Page Range: 73-82
- Page Count: 10
- Language: English