Study Regarding the Efficiency Measure of Construction Firms from Western Europe
AbstractIn this study we tried to capture the efficiency of the activity of constructions for the Western European countries, as well as the extent to which they were affected by the financial crisis. The premise of choosing companies with activities in construction is related to the fact that their efficiency is closely correlated with the evolution of economic activity in general, the construction sector being one of the most important sectors of the economy. The analysis revealed that these companies were strongly hit by the economic and financial problems in 2008, receiving the lowest scores of efficiency from the period studied. Also, it seems that their efforts to overcome a difficult period for any economic activity - namely those of making their activity more efficient, of increasing productivity, and restructuring costs - have resulted in the revival of the activity in constructions in 2009’s economy.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Finance - Challenges of the Future.
Volume (Year): 1 (2011)
Issue (Month): 13 (December)
efficiency; data envelopment analysis; construction firms; economic crisis;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- G01 - Financial Economics - - General - - - Financial Crises
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