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Abstract

Details

Messy Data
Type: Book
ISBN: 978-0-76230-303-8

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Book part
Publication date: 6 July 2004

Fathi Fakhfakh

This paper uses an unbalanced panel of 129 French firms over the period 1981–1991 to test the effects of two participatory schemes – profit sharing and employee share…

Abstract

This paper uses an unbalanced panel of 129 French firms over the period 1981–1991 to test the effects of two participatory schemes – profit sharing and employee share ownership – on voluntary quits. The effects of sharing schemes on productivity are well documented and most studies show positive and significant effects on productivity but their effects on quits have been less studied. This paper is the first French study looking at the effects of profit sharing and employee share ownership on quits. Our empirical investigation shows that employee share ownership reduces voluntary quits significantly whereas pure profit sharing has no significant effect.

Details

Employee Participation, Firm Performance and Survival
Type: Book
ISBN: 978-0-76231-114-9

Abstract

Details

Panel Data Econometrics Theoretical Contributions and Empirical Applications
Type: Book
ISBN: 978-1-84950-836-0

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Article
Publication date: 29 July 2014

Peter F. Wanke

The purpose of this paper is to investigate the issue of efficiency in the Brazilian motor carrier industry, which has undergone significant transformations since the…

Abstract

Purpose

The purpose of this paper is to investigate the issue of efficiency in the Brazilian motor carrier industry, which has undergone significant transformations since the economy deregulation in the mid-1990s. The main research objective is to determine whether or not different types of cargoes and geographic regions serviced significantly impact trucking managerial efficiency levels.

Design/methodology/approach

Research objectives are accomplished by applying a two-stage data envelopment analysis model with bootstrapped estimates. Based on an unbalanced panel model, secondary data from the annual study published by Transporte Moderno (years 2002-2010) were collected and analyzed.

Findings

Results support anecdotal evidence regarding a heterogeneous impact of cargo mix and route mix on efficiency levels.

Research limitations/implications

A major limitation of this work concerns the fact of working with secondary data instead of primary data, especially with respect to the set of inputs and outputs used in the analysis, which may not cover all aspects relevant to building an efficiency frontier. Despite this limitation, the study has made an important contribution in its use of panel data to demonstrate the impacts of different types of cargoes and geographic regions serviced on managerial efficiency levels in the trucking industry.

Practical implications

Managerial impacts in terms of mergers and acquisitions are addressed.

Originality/value

The contribution of this study is twofold. On the theoretical side, a valuable scale for the measurement of managerial efficiency was built and validated, representing an index toward the most productive cargo/route mix. On the other hand, the managerial implication of this possibility of measuring the efficiency levels is that motor carriers can use it as a basis for establishing future action plans.

Keywords

Brazil, DEA, Longitudinal study, Efficiency drivers, Trucking industry, Unbalanced panel

Paper type

 Research paper

Resumen Objetivo

El estudio investiga el tema de la eficiencia en la industria del transporte Brasileña, la cual ha experimentado cambios significativos desde la desregulación de la economía a mediados de los años noventa. El objetivo principal de la investigación es determinar si los diferentes tipos de cargas y regiones geográficas que han recibido los servicios impactan significativamente o no los niveles de eficiencia administrativa de las empresas de camiones.

Diseño/metodología/enfoque

Los objetivos de la investigación se lograron usando un modelo DEA de dos etapas con estimaciones bootstrap. Basado en un modelo de panel no balanceado, se obtuvieron y analizaron datos secundarios del estudio anual publicados por Transporte Moderno (años 2002-2010).

Hallazgos

Los resultados apoyan la evidencia anécdota en lo relacionado con el impacto heterogéneo de mezcla de cargas y una combinación de rutas en los niveles de eficiencia.

Limitaciones/implicaciones del estudio

La limitación más grande de este trabajo es el hecho de trabajar con datos secundarios en vez de usar datos primarios, especialmente en relación con el set de inputs y outputs usados en este análisis, que podrían no cubrir todos los aspectos relevantes en la construcción de una frontera eficiente. A pesar de esta limitación, este estudio hace una importante contribución al usar datos de panel para demostrar los impactos de los diferentes tipos de cargas y regiones geográficas atendidas, en los niveles de eficiencia de la administración de la industria de transporte de camiones.

Implicaciones prácticas

Se discuten los impactos de administración en términos fusiones y adquisiciones.

Originalidad/valor

La contribución de este estudio es doble. Por el lado teórico, una escala relevante para medir la eficiencia de la administración fue construida y validada, que representa un índice hacia la combinación carga/ruta más efectiva. Por otro lado, las implicaciones administrativas de la posibilidad de medir niveles de eficiencia es que las empresas de transportes pueden usarloa como base para establecer planes futuros de acción.

Palabras claves

Estudio longitudinal, Industria camionera, Brasil, DEA, Promotores de eficiencia, Panel no balanceado

Tipo de papel

 Trabajo de investigación

Resumo Objetivo

A pesquisa investiga o tema da eficiência na indústria brasileira de transporte rodoviário, a qual tem experimentado mudanças significativas desde a desregulamentação da economia em meados dos anos noventa. O objetivo principal da pesquisa é determinar se os diferentes tipos de cargas e de regiões geográficas atendidas impactam significativamente ou não nos níveis de eficiência na gestão de cargas rodoviárias.

Desenhos/metodologia/enfoque

Os objetivos da pesquisa foram atingidos usando um modelo DEA de dois estágios com estimativas bootstrap. Baseados em um modelo de painel, foram recolhidos e analisados dados secundários publicados no estudo anual da publicação Transporte Moderno (anos 2002-2010).

Achados

Os resultados apoiam a evidência baseada no senso comum relacionada ao impacto heterogêneo do mix de cargas e do mix de rotas nos níveis de eficiência.

Limitações/implicações da pesquisa

A maior limitação de esta pesquisa concerne ao fato de trabalhar com dados secundários em vez de dados primários, especialmente em relação com a série de inputs e outputs utilizados na análise, que não puderam cobrir todos os aspectos relevantes para definição da fronteira de eficiência. Apesar dessa limitação, esta pesquisa traz uma importante contribuição ao utilizar dados de painel para demonstrar os impactos dos diferentes tipos de cargas e de regiões geográficas atendidas sobre os níveis de eficiência na gestão do transporte de cargas rodoviárias.

Implicações práticas

Os impactos da gestão em termos de fusão e aquisição são abordados.

Originalidade/valor

A contribuição deste estudo é dupla. Pelo lado teórico, foi construída e validada uma escala relevante para medir a eficiência de gestão de cargas rodoviárias, que indica um índice para a combinação mais efetiva da combinação entre cargas e rotas. Por outro lado, quanto às implicações gerenciais, a possibilidade de medir os níveis de eficiência criam a possibilidade das empresas de transportes utilizá-los como base para futuros planos de ação.

Palavras-chave

Estudo longitudinal, Setor de transporte rodoviário, Brasil, DEA, Condutores de eficiência, Dados em painel

Tipo de papel

 Trabalhos de pesquisa

Details

International Journal of Physical Distribution & Logistics Management, vol. 44 no. 7
Type: Research Article
ISSN: 0960-0035

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Article
Publication date: 4 June 2020

Olumide Olusegun Olaoye, Monica Orisadare, Ukafor Ukafor Okorie and Ezekiel Abanikanda

The purpose of this study is to investigate the effect of government expenditure on economic growth in 15 Economic Community of West African States (ECOWAS) countries over…

Abstract

Purpose

The purpose of this study is to investigate the effect of government expenditure on economic growth in 15 Economic Community of West African States (ECOWAS) countries over the period of 2005–2017. More precisely, this paper investigates whether institutional environment influences the effect of government spending on economic growth.

Design/methodology/approach

This study adopts the generalized method of moments-system method of estimation to address the problem of dynamic endogeneity inherent in the relationship. Similarly, unlike previous studies which assume that the disturbances of a panel model are cross-sectionally independent, we account for cross-section dependency and cross-country heterogeneity inherent in empirical modeling using Driscoll and Kraay's nonparametric covariance matrix estimator, adjusted for use with both balanced and unbalanced panels along with Monte Carlo simulations.

Findings

The authors find that though, government spending has a positive impact on economic growth but the level of institutional quality adversely affect that positive impact. This suggests that the institutional environment in ECOWAS countries is a drag and not a push factor for government fiscal operations and/policies. Thus, the results provide empirical evidence that there is a conditional relationship between government spending and economic growth in African countries. That is, the effect of government spending on economic growth is dependent on the quality of institutions. Lastly, these findings suggest that in order for government spending to contribute to economic growth, African countries must develop a strong institutional environment.

Originality/value

Unlike previous time series studies for African countries which concentrated on the two variable case, we include institutional quality as a third variable to underline the potential importance of institutional quality for economic growth in ECOWAS countries.

Details

Journal of Economic and Administrative Sciences, vol. 36 no. 4
Type: Research Article
ISSN: 1026-4116

Keywords

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Article
Publication date: 22 October 2019

Sasiwimon Warunsiri Paweenawat

The purpose of this paper is to investigate whether foreign direct investment (FDI) benefitted Thai workers in domestic firms.

Abstract

Purpose

The purpose of this paper is to investigate whether foreign direct investment (FDI) benefitted Thai workers in domestic firms.

Design/methodology/approach

By utilizing existing firm-level unbalanced panel data from the survey of the Office of Industrial Economics, Ministry of Industry, Thailand, between 2004 and 2013, this study applies dynamic panel data analysis, using the generalized method of moments proposed by Arellano and Bond (1991), to estimate the wage spillover from multinational enterprises (MNEs) to domestic firms in Thailand.

Findings

The study reveals that there is a positive wage spillover from the presence of MNEs in the industry to domestic firms. Furthermore, a wage spillover also exists in the low-technology industry, as well as in firms located in the Metropolitan and Northern regions. These findings confirmed that FDI offers a significant advantage in Thailand’s labor market.

Originality/value

This study is the empirical research to utilize existing firm-level unbalanced panel data in Thailand, applying dynamic panel data analysis to data from 2004 to 2013 to estimate the wage spillover from MNEs to domestic firms.

Details

International Journal of Social Economics, vol. 46 no. 10
Type: Research Article
ISSN: 0306-8293

Keywords

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Article
Publication date: 7 September 2015

Lei Ru and Wei Si

The purpose of this paper is to evaluate the total-factor energy efficiency (TFEE) in China’s sugar manufacturing industry using firm-level data from 2002/2003 to…

Abstract

Purpose

The purpose of this paper is to evaluate the total-factor energy efficiency (TFEE) in China’s sugar manufacturing industry using firm-level data from 2002/2003 to 2012/2013 crushing seasons, and further explore the determinants of TFEE.

Design/methodology/approach

Modified data envelopment analysis is used to measure the TFEE of each sugar mill during the crushing seasons. Then heteroskedastic fractional probit model is applied to estimate the determinants of TFEE because of the bounded nature of TFEE and heteroskedasticity of unbalanced panel.

Findings

The results show that throughout the crushing seasons, the average TFEE is 0.57; there are spatial differences of TFEE in Guangxi sugar industry, highest in southern area; the TFEE of foreign-owned sugar mills is larger than that of private-owned and state-owned sugar mills; the larger the enterprise size, the higher the TFEE; private ownership, large size, raw material, safe productivity, total recovery rate as well as technical progress can improve TFEE significantly.

Originality/value

This paper analyzes TFEE using a rich data set at firm level, allowing the existence of firm heterogeneity, as well as being complementary to the study of energy efficiency in China’s sugar industry. Moreover, ownership structure is involved in the determinants of TFEE, which is rarely done in literature. Lastly, heteroskedastic fractional probit model is employed to recognize the bounded nature of TFEE as well as selection bias of unbalanced panel to study the determinants of TFEE.

Details

China Agricultural Economic Review, vol. 7 no. 3
Type: Research Article
ISSN: 1756-137X

Keywords

Open Access
Article
Publication date: 27 October 2021

Mohammad Jashim Uddin, Md. Tofael Hossain Majumder, Aklima Akter and Rabaya Zaman

This paper aims to explore the effects of bank diversification (i.e. diversification of income and diversification of assets) on Bangladeshi banks’ profitability.

Abstract

Purpose

This paper aims to explore the effects of bank diversification (i.e. diversification of income and diversification of assets) on Bangladeshi banks’ profitability.

Design/methodology/approach

Using a dynamic panel data model with system generalized methods of moments, the authors examine an unbalanced panel data from 32 banks spanning 318 bank-year observations from 2007 to 2016.

Findings

The findings indicate a significant positive association of income diversification and asset diversification on bank profitability. Therefore, the results show that banks can generate profit from diversification of income and diversification of assets.

Originality/value

One of the rare attempts to investigate the relationship between diversification and profitability in Bangladesh’s banking sector is this report. The authors anticipate the results to have major consequences for Bangladeshi bank regulators and other related economies.

Details

Vilakshan - XIMB Journal of Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0973-1954

Keywords

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Book part
Publication date: 19 December 2012

Hild Marte Bjørnsen and Ashok K. Mishra

The objective of this study is to investigate the simultaneity between farm couples’ decisions on labor allocation and production efficiency. Using an unbalanced panel data

Abstract

The objective of this study is to investigate the simultaneity between farm couples’ decisions on labor allocation and production efficiency. Using an unbalanced panel data set of Norwegian farm households (1989–2008), we estimate off-farm labor supply of married farm couples and farm efficiency in a three-equation system of jointly determined endogenous variables. We address the issue of latent heterogeneity between households. We solve the problem by two-stage OLS and GLS estimation where state dependence is accounted for in the reduced form equations. We compare the results against simpler model specifications where we suppress censoring of off-farm labor hours and endogeneity of regressors, respectively. In the reduced form specification, a considerably large number of parameters are statistically significant. Davidson–McKinnon test of exogeneity confirms that both operator and spouse's off-farm labor supply should be treated as endogenous in estimating farming efficiency. The parameter estimates seem robust across model specifications. Off-farm labor supply of farm operators and spouses is jointly determined. Off-farm work by farm operator and spouses positively affects farming efficiency. Farming efficiency increases with operator's age, farm size, agricultural subsidises, and share of current investment to total farm capital stock.

Details

Essays in Honor of Jerry Hausman
Type: Book
ISBN: 978-1-78190-308-7

Keywords

Abstract

Details

Panel Data Econometrics Theoretical Contributions and Empirical Applications
Type: Book
ISBN: 978-1-84950-836-0

1 – 10 of over 2000