Efficiency Comparison and Efficiency Development of the Metallurgical Industry in the EU: Parametric and Non-parametric Approaches

Staňková, Michaela

doi:10.11118/actaun202068040765

Cited by 5 publications

(6 citation statements)

References 19 publications

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“…The lack of studies can be expected due to the limited availability of data at the level of individual companies, and the possible explanation is the fact that European electricity generation sectors are often characterized by only a handful of large companies and, conversely, a large number of medium and small enterprises. However, according to Černohorský (2015), this market structure does not create sufficient space for competition and thus lacks motivation to evaluate productivity or efficiency like in Staňková (2020) or Gaebert and Staňková (2020).…”

Section: Discussionmentioning

confidence: 99%

“…Due to the fact that it is possible to use a linearized version of the Cobb-Douglas production function (see Staňková, 2020;Staňková andHampel, 2019, 2021) the parameter estimates were performed via the OLS method. Similarly to Zámková and Blašková (2013) and Adamec and Střelec (2012), t-tests were used to verify the statistical significance of the estimated parameters of the Cobb-Douglas production function model.…”

Section: Methodology and Datamentioning

confidence: 99%

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Does the Involvement of "Green Energy" Increase the Productivity of Companies in the Production of the Electricity Sector?

Varvařovská¹,

Staňková²

2021

EJOBSAT

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This article evaluates the production possibilities of the electricity sector in selected EU countries. The estimates for production functions are based on the financial data of individual companies in the selected sector. The analysis was based on a linearized version of the two-factor Cobb-Douglas production function, which was subsequently modified to compare productivity results by company size and country. The countries were selected based on the results of a cluster analysis. The cluster analysis was performed using aggregated data on the shares of energy sources in production in the electricity sector. The results show that companies from countries with a high share of renewables (such as Denmark) perform the worst in terms of total productivity. Furthermore, it was found that large companies have significantly higher productivity when compared to their smaller competitors.

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Section: Discussionmentioning

confidence: 99%

Section: Methodology and Datamentioning

confidence: 99%

Does the Involvement of "Green Energy" Increase the Productivity of Companies in the Production of the Electricity Sector?

Varvařovská¹,

Staňková²

2021

EJOBSAT

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“…The efficiency of the companies was estimated using the parametric stochastic frontier analysis (SFA) (production possibility frontier). Unlike other methods, this method enables differentiating between inefficiency and noise [24]. It is possible to evaluate production (also referred to as technical) efficiency through estimating the production possibility frontier and thus evaluate the efficiency level of each company.…”

Section: Methodsmentioning

confidence: 99%

“…It is possible to evaluate production (also referred to as technical) efficiency through estimating the production possibility frontier and thus evaluate the efficiency level of each company. Due to the nature of the data obtained, a two-factor Cobb-Douglas production function was chosen as in [24]. The production of companies is characterized by sales.…”

Section: Methodsmentioning

confidence: 99%

Efficiency of the Automotive Industry in the Visegrad Group

Kovárník

Staňková

2023

LOGI – Scientific Journal on Transport and Logistics

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This article assesses the production efficiency of automotive sector companies in the V4 countries. The automotive sector has undergone dramatic changes in recent years, and its future development is still unclear. The assessment of company efficiency thus represents an important tool that could support decision-making on the future of this sector. Unfortunately, comprehensive studies based on micro-data on companies are not yet available. This article evaluates production (technical) efficiency based on accounting data of individual companies in the V4 countries using the parametric method of stochastic frontier analysis. In these analyses, efficiency is examined not only from the point of view of a country but also with respect to the size of a company. The empirical results show that not only country but also the size of a company are factors that have a statistically significant effect on company efficiency. Small companies struggle to keep up with their competitor and in general have the lowest efficiency ratings.

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“…In order to adequately assess changes over time, in addition to the standard models for each year, we also calculated changes in efficiency using the Malmquist production index as in Staňková (2020). It is possible to decompose this index and analyse its two parts -the change in individual efficiency and the change in the pro-duction possibilities frontier.…”

Section: Methodsmentioning

confidence: 99%

Assessing the efficiency of the forestry sector in EU countries

Staňková,

Popelová,

Pipíška

2023

Forestry Studies

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This paper deals with a quantitative assessment of the production efficiency of the forestry sector in EU countries, which is largely neglected in the literature. Only a few studies have been conducted so far, processing data mainly in the first half of the last decade. In contrast to these studies, in this article we focus on the period between 2016 and 2020. Therefore, the main objective of this paper is to compare the efficiency of the forest sector to fill the gap. The empirical results of this study show that the leaders in this sector are Germany, Finland, and the Czech Republic. These countries are fully efficient throughout the period under review. In contrast, Bulgaria lags far behind, with an efficiency score typically around 35%. The results of the cluster analysis show that although countries have similar characteristics, their efficiency scores are not necessarily at the same level.

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Efficiency Comparison and Efficiency Development of the Metallurgical Industry in the EU: Parametric and Non-parametric Approaches

Cited by 5 publications

References 19 publications

Does the Involvement of "Green Energy" Increase the Productivity of Companies in the Production of the Electricity Sector?

Does the Involvement of "Green Energy" Increase the Productivity of Companies in the Production of the Electricity Sector?

Efficiency of the Automotive Industry in the Visegrad Group

Assessing the efficiency of the forestry sector in EU countries

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