IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Transaction costs, productive efficiency and financial account management

  • Hülya Saygili
Registered author(s):

    Purpose – This study investigates functional equivalence between entering money into transaction costs that appears in firms' cost functions and the money in the production function. In light of this model, the purpose of the study is to show the impact of financial account management in general on productive efficiency. Design/methodology/approach – A stochastic production frontier approach is applied to estimate production and technical efficiency model jointly to analyse the effect of alternative financial instruments on the productive efficiency of 12 EU countries. Findings – The results suggest that the growth performance of these countries is partly explained by the changes in productive efficiency, and that the efficiency is not independent of financial account management. Originality/value – The contribution of this study to the literature is two-fold. First, it analyses the meaning of transaction costs in production and its consequences for productive inefficiency theoretically. Second, it tests the significance of financial account management as an instrument to deal with transaction costs in production.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.emeraldinsight.com/Insight/viewContentItem.do;jsessionid=329E71513C1EA3A54DEC90AA65C2AC33?contentType=Article&contentId=1805956
    Download Restriction: Cannot be freely downloaded

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Emerald Group Publishing in its journal Journal of Economic Studies.

    Volume (Year): 36 (2009)
    Issue (Month): 3 (September)
    Pages: 284-295

    as
    in new window

    Handle: RePEc:eme:jespps:v:36:y:2009:i:3:p:284-295
    Contact details of provider: Web page: http://www.emeraldinsight.com

    Order Information: Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
    Web: http://www.emeraldinsight.com/jes.htm Email:


    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eme:jespps:v:36:y:2009:i:3:p:284-295. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.