Measuring the Efficiency of Turkish SMEs: A Data Envelopment Analysis Approach

Abstract

Small and medium-sized enterprises (SMEs) that are undertaking significant roles in the development of the economy of Turkey and in the increase of the production and employment encounter with many problems. Financial problems take an important place among them. The resources that could be used by SMEs in meeting the financing needs to be limited require the efficient use of these resources. In this study, the resource activities of SMEs have been studied with Data Envelopment Analysis (DEA). In analysis short-term liabilities, long-term liabilities and equity values of the enterprises that are quoted continuously on SME Industrial Index within 2011-2014 have been used as input variables; and the sales revenue and net profit values have been used as output variables. The total efficiency values of each decision making unit have been attained with the use of CCR model according to the years, technical efficiency values of them have been attained with the use of BCC model and the scale efficiency values of them have been attained by comparing these values to each other. As a result, it has been determined that those providing resource efficiency are only a few among the enterprises that are proceeded in the BIST SME Industrial Index; and these enterprises could reach their existent sales revenue and net profit numbers with less resources. In this respect it has been revealed that the SMEs that have problems in providing credit and not having strong equity structure are not able to make use of their own resources efficiently.

Bangladeş'teki İmalat Sanayilerinde Teknik Verimlilik: DEA Parametrik Olmayan Analiz

“…However, the BCC model was used to calculate the technical efficiency values, and the scale efficiency values were produced by comparing these values to one another. As a result, resource efficiency providers are uncommon among the BIST SME Industrial Index's enterprises, and these companies may attain their present total sales and profitability levels with fewer resources (Buyukkeklik, A. et., 2016).…”

“…First, because administrators have greater control over inputs than outcomes, input quantities utilized in the process are the primary decision variable (Akhtar & Asif, 2017; Chapelle & Plane, 2005). Second, input-oriented models are ideal for measuring business resource efficiency(Buyukkeklik, Dumlu, & Evci, 2016). Third, manufacturing industries typically strive to lower their costs (an input) and maximize the use of available resources.…”

A stochastic approach for evaluating production planning efficiency under uncertainty

“…As a DEA, it is utilized frequently in various models of performance evaluation. The study [35] utilized the DEA model to determine the optimal value of efficiency Turkey's SMEs. According to the findings presented in the paper, a comparison of the CCR and BCC models' efficiency values with scale efficiency was carried out.…”

Evaluasi Efisiensi Sektor Ekonomi Kreatif pada Wirausaha Muda di Sekolah Tinggi Ilmu Ekonomi

“…Ketersediaan modal yang terbatas juga menjadi salah satu penyebab belum efisiennya usaha yang dimiliki oleh mahasiswa. Permasaahan modal ini juga menjadi hambatan yang seringkali dialami oleh usaha mikro dan kecil seperti pada penelitian Buyukkeklik et al (2016) yang menemukan bahwa tidak efisiennya UMKM disebabkan karena permasalahan kurangnya akses modal dan sulitnya pelaku UMKM mendapatkan akses kredit. Untuk itu, perlu adanya akses yang lebih luas bagi para wirausaha muda agar dapat meningkatkan skala usahanya melalui berbagai kemungkinan akses permodalan.…”