أعرض تسجيلة المادة بشكل مبسط

dc.creator Lehmann, Erik E.
dc.creator Warning, Susanne
dc.creator Weigand, Jürgen
dc.date 2004
dc.date.accessioned 2013-10-16T07:07:48Z
dc.date.available 2013-10-16T07:07:48Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19967
dc.identifier ppn:390722332
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19967
dc.description Using a panel data set of 361 German corporations for the period 1991 to 1996 we test the hypothesis that firms with more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital structure, investment and firm growth by a multi-input/multi-output Data Envelopment Analysis (DEA). This non -parametric linear programming technique considers both multiple in- and outputs. Based on the concept of pareto efficiency, it computes an efficiency score where the associated weights of the inputs and outputs are determined endogenously. The DEA efficiency scores are then used as explanatory variables in panel data regressions of profitability. Our main finding is that the efficiency scores indeed contribute significantly to explaining profitability differences between firms, even after controlling for industry effects and unobserved systematic firm effects.
dc.language eng
dc.publisher
dc.relation Papers on entrepreneurship, growth and public policy 2204
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G3
dc.subject L1
dc.subject ddc:330
dc.subject firm performance
dc.subject ownership concentration
dc.subject owner identity
dc.subject managerial discretion
dc.subject Corporate Governance
dc.subject Eigentümerstruktur
dc.subject Rentabilität
dc.subject Data-Envelopment-Analyse
dc.subject Schätzung
dc.subject Deutschland
dc.title Governance structures, efficiency and firm profitability
dc.type doc-type:workingPaper
dc.coverage 1991-1996


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أعرض تسجيلة المادة بشكل مبسط