Productive efficiency and firm exit in the food sector

B-Tier
Journal: Food Policy
Year: 2008
Volume: 33
Issue: 2
Pages: 185-196

Authors (4)

Dimara, Efthalia (not in RePEc) Skuras, Dimitris Tsekouras, Kostas (University of Patras) Tzelepis, Dimitris (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This work examines the effects of productive efficiency on the survival of firms in the Greek food sector. Technical and scale efficiency scores are computed within a data envelopment analysis (DEA) framework and are used as explanatory variables in a parametric (Weibull) survival model. High technical efficiency increases the median survival time and lowers the hazard rate of exit. As the scale efficiency of a firm operating either at increasing or decreasing returns to scale approaches one (1), its theoretically maximum value, the expected median survival time, is maximized for all types of exits. Developments in biotechnology, the evolution of alternative food supply networks, innovations in the food sector and competition policy are likely to affect technical and scale efficiency of food manufacturing firms. Results unraveling the effects of technical and scale efficiency on the survival of firms in the food sector are of particular relevance to food policy makers.

Technical Details

RePEc Handle
repec:eee:jfpoli:v:33:y:2008:i:2:p:185-196
Journal Field
Development
Author Count
4
Added to Database
2026-01-29