Profit efficiency and its determinants in small and medium-sized enterprises in Spain

  1. Pilar Pérez-Gómez 1
  2. Marta Arbelo-Pérez 1
  3. Antonio Arbelo 1
  1. 1 Universidad de La Laguna
    info

    Universidad de La Laguna

    San Cristobal de La Laguna, España

    ROR https://ror.org/01r9z8p25

Revista:
Business Research Quarterly

ISSN: 2340-9444 2340-9436

Año de publicación: 2018

Título del ejemplar: New frontiers for productivity research in management and business

Volumen: 21

Número: 4

Páginas: 238-250

Tipo: Artículo

DOI: 10.1016/J.BRQ.2018.08.003 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Business Research Quarterly

Objetivos de desarrollo sostenible

Resumen

This paper estimates profit efficiency and its determinants in small and mediumsized manufacturing enterprises in Spain. The stochastic frontier methodology and the model proposed by Battese and Coelli (1995) were used to determine the impact of the technological and environmental differences between these companies on their efficiency. The results indicate that the average profit efficiency of food SMEs is 49.37%. The results also reveal that company size, export orientation, government assistance and labour productivity are all positively related to the efficiency of food SMEs; age, however, is negatively related. Finally, the strategic implications of these findings are discussed.

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