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Identifying efficiency drivers in the greek sausage industry: a double bootstrap DEA approach


  • Ioanna Keramidou

    () (Panteion University of Social and Political Sciences)

  • Angelos Mimis

    () (Panteion University of Social and Political Sciences)

  • Evangelia Pappa

    () (Panteion University of Social and Political Sciences)


The paper investigates technical efficiency determinants for sausage industry in Greece over the period of 1994–2007. A double bootstrap data envelopment analysis is applied in order to obtain robust estimates of efficiency scores and regression variable coefficients in the presence of serial correlation between the efficiency scores measures and explanatory variables. The primal results show that (i) the level of domestic sausage consumption, the firm's integration in a group, the knowledge and skills of employees, as well as the international expansion of firms are significant determinants for performance improvement; (ii) the firm size and productive flexibility contributes negatively to efficiency; (iii) the Greece integration in the European Economic and Monetary Union and firm age, as well as several managerial practices related to vertical integration, firm's innovation activities and capital intensity do not have a statistical significant impact on performance.

Suggested Citation

  • Ioanna Keramidou & Angelos Mimis & Evangelia Pappa, 2011. "Identifying efficiency drivers in the greek sausage industry: a double bootstrap DEA approach," Economics Bulletin, AccessEcon, vol. 31(1), pages 442-452.
  • Handle: RePEc:ebl:ecbull:eb-10-00794

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    References listed on IDEAS

    1. Agliardi, Elettra & Agliardi, Rossella, 2008. "Progressive taxation and corporate liquidation policy," Economic Modelling, Elsevier, vol. 25(3), pages 532-541, May.
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    9. Richard Holt, 2007. "Investment, irreversibility and financial imperfections: the rush to invest and the option to wait," Economics Bulletin, AccessEcon, vol. 5(10), pages 1-10.
    10. repec:ebl:ecbull:v:5:y:2007:i:10:p:1-10 is not listed on IDEAS
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    More about this item


    Determinants of Efficiency; Efficiency measures; Data Envelopment Analysis (DEA); Bootstrapping method; Sausage Industry;

    JEL classification:

    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior


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