This study reports on the performance assessment of the Asian airlines using TOPSIS – a multi-criteria decision making technique – as the cornerstone method to compute efficiency scores. ...Subsequently, and observing indicators frequently found in literature, TOPSIS results on efficiency levels are combined with GLMM-MCMC methods to assess the impact of contextual variables on performance. The results reveal significant impacts of cost structure, ownership type, market positioning, and mileage program offered on efficiency levels. Findings also suggest that gains in efficiency level were stagnated over the period analyzed, implying the inexistence of a learning curve.
•This paper uses TOPSIS to assess the efficiency of Asian airlines.•TOPSIS is used in a two-stage approach with MCMC-GLMM.•Contextual variables affect efficiency.•Findings also indicate the inexistence of a learning curve.
The paper analyses technical efficiency of the Japanese banks from 2000 to 2007. The estimation technique is based on the Russell directional distance function that takes into consideration not only ...desirable outputs but also an undesirable output that is represented by non-performing loans (NPLs). The results indicate that NPLs remain a significant burden as for banks' performance. We show that banks' inputs have to be utilised more efficiently, particularly labour and premises. We also argue that a further restructuring process is needed in the segment of Regional Banks. We conclude that the Japanese banking system is still far away from being fully consolidated and restructured.
•This study applies the Dynamic Slacks Based Model in major Brazilian banks.•These slacks can be used a proxies for an eventual financial distress situation.•Results indicate higher inefficiency ...levels and slacks in small public and national banks.•Policy implications are also addressed.
This study applies the Dynamic Slacks Based Model (DSBM) developed by Tone and Tsutsui (2010) in order to assess the evolution of input saving/output increasing potentials in major Brazilian Banks from 1996 to 2011. We propose that these potentials or slacks can be used as proxies for an eventual financial distress situation in the future. The main research objective is to determine whether or not different characteristics of bank type – related to ownership, size, and merger and acquisition processes – are significantly related to inefficiency levels and, by extension, to an eventual financial distress situation, since higher inefficiency levels also imply lower input saving/output decreasing potentials. Based on a balanced panel model, secondary data from Economatica were collected and analyzed. Results indicate higher inefficiency levels and slacks in small public and national banks. Policy implications are also addressed.
This paper analyses airport efficiency in Mozambique from 2000 to 2012, estimating a cost function with random and fixed effects stochastic frontier models. A robustness test is undertaken with a ...Bayesian stochastic frontier model. The airports are ranked according to their technical efficiency (TE). The policy implication is that Mozambique should upgrade its managerial procedures to cope with the frontier of best practices.
•Airport infrastructure is an important determinant of growth and development in developing countries like Mozambique.•In 2008, the Mozambique government launched its “Pro-Poor Tourism” strategy, aiming to reduce the poverty rate in the long run.•Airports permit tourists to access Mozambique.•The study uses cost function model to assess Mozambique's airports.•Efficiency analysis of Mozambique airports permits to ranking airports by efficiency and aids policy development.
This paper uses data envelopment analysis (DEA) to evaluate the operational performance of a sample of AEA—Association of European Airlines from 2000 to 2005, combining operational and financial ...variables. In this paper an innovative DEA two-stage procedure proposed by Simar and Wilson 2007. Estimation and inference in two stage, semi-parametric models of productive efficiency. Journal of Econometrics 136, 31–64 is used. In the first stage a DEA model is used to rank the airlines by their overall efficiency. In the second stage a bootstrapped truncated regression is used to evaluate the drivers of efficiency. The regressions test the roles played, respectively, by population and network alliance in the efficiency of the airlines. The implications of this research for managerial purposes are then drawn.
In this paper, we assess and compare the performance of French tourism destinations, using the Data Envelopment Analysis (DEA) two-stage procedure, where in the first stage the efficiency score are ...calculated, and then followed in the second stage by a bootstrapped truncated regression model. In the context of France such analysis takes an additional importance, especially as the country is expected to face a decrease in its tourism competitiveness. A discussion in terms of D-attraction and E-attraction is also proposed and policy recommendations are derived.
This article explore performance issues in Australian public schools, using a two-stage DEA network model, which accounts simultaneously for both cost and learning efficiency levels. In the cost ...efficiency stage, different types of expenses and investments are employed to support a given number of students, teachers and administrative staff. In the learning efficiency stage, these groups of individuals help to produce important outputs related to performance in student tests and school rankings. Results indicate that Australian public schools are heterogeneous. Policy implications are also discussed.
This paper investigates the effect of corporate governance practices on the extent of voluntary disclosure in France. Using a panel of 206 non-financial French listed firms during the period ...2006-2009, we find evidence that voluntary disclosure in annual reports increases with managerial ownership, board and audit committee independence, board meeting frequency, and external audit quality. We also find that frequency of audit committee meetings and diligence of board and auditing are associated with decreased disclosure. Additional findings show that larger, more profitable, and less indebted firms have greater voluntary disclosure. PUBLICATION ABSTRACT
This article analyzes the dismissal of head coaches in the top tier of German professional football, the “Bundesliga”. A random parameter logit model is used to analyse the characteristics that are ...associated with the probability of a coach to be dismissed, taking into account uncontrolled heterogeneity of the data. Policy implications are presented.
PDF
