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Autor
Öztop Ali Osman (Muğla Sıtkı Koçman University), Uçak Harun (Alanya Alaaddin Keykubat University)
Tytuł
Evaluation of Firms of Agriculture and Food Sectors Quoted at Borsa Istanbul (Bist) by Dea-based Malmquist Total Factor Productivity Index
Wykorzystanie metody DEA z zastosowaniem indeksu produktywności całkowitej Malmquista do oceny efektywności spółek sektora spożywczego notowanych na Borsa Istanbul (BIST)
Źródło
Acta Scientiarum Polonorum. Oeconomia, 2017, R. 16, nr 1, s. 73-82, tab., bibliogr. 39 poz.
Słowa kluczowe
Rynek kapitałowy, Metoda DEA (analiza obwiedni danych), Indeks giełdowy
Capital market, Data Envelopment Analysis (DEA), Stock market indexes
Uwagi
streszcz., summ.
Firma/Organizacja

Abstrakt
W pracy do pomiaru zmian efektywności technicznej i produktywności całkowitej spółek sektora spożywczego notowanych na Borsa İstanbul (BİST) w latach 2010-2015 zastosowano metodę DEA z użyciem indeksu Malmquista. Do oceny efektywności poszczególnych firm wykorzystano wskaźniki finansowe. Uzyskana średnia wartość indeksu Malmquista jest poniżej granicy wydajności, jednakże dla czterech z dwudziestu trzech firm (Kršan, Kent, Tukas i Ulker) wartość tego indeksu jest powyżej granicy efektywności. Ponadto uzyskane wyniki wskazują, że w badanym okresie dziewiętnaście spośród dwudziestu trzech firm (82,6%) doświadczyło straty wydajności. (abstrakt oryginalny)

This study applies a DEA-based Malmquist index to measure technical efficiency and total factor productivity change of food and agriculture firms quoted at Borsa İstanbul (BİST) over the 2010-2015 period. We have investigated efficiency scores of firms using financial ratios. The study shows that, average Malmquist index score is 16.9% below efficiency frontier. Also, four of the twenty-three firms' (KRSAN, KENT, TUKAS and ULKER) Malmquist total factor productivity (MTFP) ratio above the efficient frontier. The results indicate that nineteen out of twenty-three firms (82.6%) experienced productivity losses in the examined period. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Pełny tekst
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Bibliografia
Pokaż
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  6. Baliyan, S.K., Kumar, S., Baliyan, K. (2015). Efficiency and Productivity Growth of Food Processing Industry in India: A Malmquist Index Approach, Journal of Economic & Social Development, 11 (1), 11-24.
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  13. Chen, Y.S., Chen, B.-Y. (2011). Applying DEA, MPI, and grey model to explore the operation performance of the Taiwanese wafer fabrication industry. Technological Forecasting & Social Change, 78, 536-46.
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  16. Çakmak, E., Dudu, H., Öcal, N. (2008). Türk Tarım Sektöründe Etkinlik: Yöntem ve Hane Halkı Düzeyinde Nicel Analiz. Türkiye Ekonomi Politikaları Araştırma Vakfı, Ankara.
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  19. Dizkırıcı, A.S. (2014). Borsa İstanbul Gıda, İçecek Endeksine Kote İşletmelerin Finansal Performanslarının Veri Zarflama Analizi ile Ölçümü ve Malmquist Endeksine Göre Karşılaştırılması. Muhasebe ve Finansman Dergisi, 63, 152-170.
  20. Düzakın, E., Düzakın, H. (2007). Measuring the Performance of Manufacturing Firms with Super Slacks Based Model of Data Envelopment Analysis: An Application of 500 Major Industrial Enterprises in Turkey. European Journal of Operational Research, 182 (3), 1412-1432.
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  22. Fogarasi, F. (2006). Efficiency and total factor productivity in post-EU accession Hungarian sugar beet production. Studies in Agricultural Economics, 105, 87-100.
  23. Geyikçi, U.B., Bal, V. (2015). Veri Zarflama Analizi ile Borsa İstanbul A.Ş.'de Faaliyet Gösteren Toptan ve Perakende Ticaret Sektörü Firmalarının Etkinlik Analizi, AÜBİ Sosyal Bilimler Enstitüsü Dergisi, 15 (1), 21-41.
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  28. Linh, V.H. (2009). Vietnam's Agricultural Productivity: A Malmquist Index Approach, VDF Working Paper 0903.
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  31. Panpan, L., Weicheng, G., Huangjin, L. (2014). Dynamic analysis on total factor productivity of agricultural and sideline food processing industry in China - An empirical study based on micro-enterprises data. Service Systems and Service Management (ICSSSM), 11th International Conference.
  32. Pastor, J.T. (1996). Translation Invariance in DEA: A Generalization. Annals of Operations Research 66, 93-102.
  33. Psillaki, M., Tsolas, I., Margaritis, D. (2010). Evaluation of credit risk based on firm performance, European Journal of Operational Research, 201, 873-881.
  34. Rahbar F., Memarian, R. (2010). Productivity Changes of Food Processing Industries in Provinces of Iran; 1992-2001 a Non-Parametric Malmquist Approach, Iranian Economic Review, 15 (26), 51-65.
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  39. Yalçıner, K., Atan, M., Boztosun, D. (2005). Finansal Oranlarla Hisse Senedi Getirileri Arasındaki İlişki. Muhasebe ve Finansman Öğretim Üyeleri Bilim ve Araştırma Derneği (MUFAD) Muhasebe ve Finansman Dergisi 27 (176).
Cytowane przez
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ISSN
1644-0757
Język
eng
URI / DOI
http://dx.doi.org/10.22630/ASPE.2017.16.1.08
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