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• W4313457598 abstract "This study examines the technical inefficiency of small and medium Japanese manufacturing firms by using panel data from the Basic Survey on Small and Medium Enterprises (2009–2018). We estimate the stochastic frontier production function with four production factors (regular workers, nonregular workers, capital stock and materials) and calculate the technical inefficiency of individual firms by applying a true random effects model that can distinguish technical inefficiency from firm heterogeneity. We find that inefficient firms are smaller, rely more on nonregular workers, exhibit poorer firm performance, have a higher debt-asset ratio, pay a lower interest rate and are inactive in capital investment and R&D investment. We also find that inactive capital investment and a high debt-asset ratio are mainly responsible for causing technical inefficiency." @default.
• W4313457598 created "2023-01-06" @default.
• W4313457598 creator A5038313327 @default.
• W4313457598 date "2023-01-01" @default.
• W4313457598 modified "2023-10-04" @default.
• W4313457598 title "Technical inefficiency and firm behavior: A panel study of small and medium Japanese manufacturing firms" @default.
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• W4313457598 doi "https://doi.org/10.1016/j.ssaho.2022.100388" @default.
• W4313457598 hasPublicationYear "2023" @default.
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