Evaluation of Firms of Agriculture and Food Sectors Quoted at Borsa Istanbul (Bist) by Dea-based Malmquist Total Factor Productivity Index
Journal Title: Acta Scientiarum Polonorum. Oeconomia - Year 2017, Vol 0, Issue 0
Abstract
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.
Authors and Affiliations
Ali Osman Öztop, Harun Uçak
Keywords
Related Articles
- EP ID EP313271
- DOI 10.22630/ASPE.2017.16.1.08
- Views 88
- Downloads 0
Considerations on a Land Intrinsic Productivity and its Determinants in a Sustainable Agriculture
The paper reviews the concept of sustainable development, indicating its various dimensions. Natural environment in developed countries became almost entirely anthropogenic. Under such conditions, the way of using natura...
Comparison of European Capital Markets
Financial systems in European post-communist countries have been developing for two decades of market transformation, and in majority of Central and Eastern European states capital markets were created. Therefore the aim...
How the Company’s Actions Influence Non-Financial and Financial Value Drivers: Managers’ Perceptions in Polish Firms
This article has two main purposes: to suggest an explanation model of value creation in business that presents the influence of actions on non-financial and financial value drivers and to identify (based on qualitative...
Film Tourism in the Promotion of Selected Tourist Destinations
Film tourism is a phenomenon which is not very well known but developing together with new film productions and people’s increasing interest in this area. The film is to some extent a new promotion tool which uses a film...
Common Agricultural Policy of the European Union and the Changes in Polish Agriculture
In Poland, as early as in the pre-accession period to the European Union, the activities aiming at the creation of conditions for implementation of the principles of Common Agricultural Policy (CAP), which assumed suppor...