Firm size and productivity in Spain: a stochastic frontier analysis |
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| Authors: | M Angeles Diaz Rosario Sanchez |
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| Institution: | (1) Economic Analysis, University of Valencia, Edificio Departamental Oriental, Campus dels Tarongers, Avda. de los Naranjos s/n, Valencia, 46022, Spain |
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| Abstract: | This paper analyses the performance of the small and medium-sized manufacturing firms during the period 1995–2001, focusing
on the degree of technical inefficiency and its determinants. We use a micro panel data set to simultaneously estimate a stochastic
frontier production function and the inefficiency determinants using an unbalanced panel of manufacturing firms. Our empirical
results suggest that small and medium-sized firms tend to be less inefficient than the large firms are. Also, we centre our
analysis in the effect on efficiency of some organisational factors related to the managerial ability to use and adjust capital
and labour properly.
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| Keywords: | Stochastic frontier Panel data Technical efficiency Size Organisational factors |
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