Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model

Abstract

In Vietnam, fishing is a crucial source of nutrition and employment, which not only affects the development of the domestic economy but is also closely related to exports, heavily influencing the economy and foreign exchange. However, the Vietnamese fishery sector has been facing many challenges in innovating production technology, improving product quality, and expanding markets. Hence, the fishery enterprises need to find solutions to increase labor productivity and enhance competitiveness while minimizing difficulties. This study implemented a performance evaluation from 2015 to 2018 of 17 fishery businesses, in decision making units (DMUs), in Vietnam by applying data envelopment analysis, namely the Malmquist model. The objective of the paper is to provide a general overview of the fishery sector in Vietnam through technical efficiency, technological progress, and the total factor productivity in the four-year period. The variables used in the model include total assets, equity, total liabilities, cost of sales, revenue, and profit. The results of the paper show that Investment Commerce Fisheries Corporation (DMU10) and Hoang Long Group (DMU8) exhibited the best performances. This paper offers a valuable reference to improve the business efficiency of Vietnamese fishery enterprises and could be a useful reference for related industries.

Analysis of Regional Efficiency in the Use of the European Maritime and Fisheries Fund (FEMP) in the Eurozone Countries

“…From this perspective, one organization is more efficient than another when it achieves the same amount of output using less inputs. Among the main available research on efficiency analysis, there are contributions of Thach, Vo, and Lee [5], Wang et al [6], Venkadasalam, Mohamad, and Sifat [7], Quynh, Hailu, Schilizzi, and Iftekhar [8], Sangun, Guney, and Berk [9], Laso et al [10], Pinello et al [11], Gigentika et al [12], Chen et al [13], and Castilla-Espino et al [14].…”

“…Wang et al [6] used DEA, namely the Malmquist model, to evaluate the performance of 17 fisheries firms in decision making units (DMUs) in Vietnam from 2015 to 2018. The purpose of this study was to present a four-year review of the Vietnamese fishery sector in terms of technical efficiency, technological progress, and total factor production.…”

“…Community regulations defined the responsibility of the EU member states for the control, inspection, and application of the rules of the CFP. The financing of the European agricultural policy is carried out mainly by the European Maritime and Fisheries Fund (FEMP) [4][5][6]. This is part of the so-called European Structural and Investment Funds (the ESI Funds), together with the European Regional Development Fund (ERDF), the European Social Fund (ESF), the Cohesion Fund (CF), and the European Agricultural Fund for Rural Development (EAFRD).…”

“…(5) Support the consolidation of technological development, innovation, increased energy efficiency, and knowledge transfer. (6) Develop professional training, new professional skills, and ongoing training.…”

Evaluating Fishing Capacity Based on DEA and Regression Analysis of China’s Offshore Fishery

“…This mechanism can help fishery managers in formulating plans for national and regional fishing capacity management actions and provide optimization references for the next step in offshore fishing management decisions. Combined with the research literature of the preface, DEA, stochastic frontier method, and regression method are conducive in carrying out relevant research in the fishery field internationally, which mainly includes the following: guiding the sustainable development of fishery population in terms of fishery resources and population [22][23][24][25][26]; studying the efficiency of fishing capacity of fishing vessels and fleets [27][28][29][30][31][32][33]; studying production efficiency, technical efficiency, and economic efficiency of fisheries [34,35]; studying quota and fishing effort [36,37]; and studying the performance of fishery enterprises and the capacity levels of fishermen [38,39]. Table 1 summarizes the relevant literature.…”