Institute of Business and Management
|Keywords:||共同邊界投入面距離函數;技術效率;技術缺口比率;規模報酬;Metafrontier Input Distance Function;Technical Efficiency;Technology Gap Ratio;Returns to Scale|
This paper is to compare technical efficiency of metafrontier with the sample firms of construction and real estate industries having different business model and belonging to sub-industries of construction known as the economic engine. This study adopts a model integrated metafrontier input distance function due to its ability to associate multi-inputs with multi-outputs under different production techniques groups. The research period from 2000 to 2007, 24 firms from construction industry and 59 firms from real estate industry are collected, total 561 unbalanced panel data. The main results are as follows. First, this study found that technical efficiency, technology gap ratio and technical efficiency of the metafrontier on the firms of real estate industry are significantly better than those on the firms of construction industry. Second, this study found that average value of returns to scale for construction industry's firms only slightly higher than those for real estate industry's firms. Moreover, the companies on two sub-industries could reduce long-term average costs and strengthen their competitiveness if the companies on two sub-industries expand production scale through mergers and acquisitions.
Journal of Management and Systems
|Appears in Collections:||Journal of Management and System|
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