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Comparative Analysis Of Value-Added And Traditional Measures Of Performance: An Efficiency Score Approach

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  • Acheampong, Yvonne J.
  • Wetzstein, Michael E.

Abstract

Stochastic frontier analysis is employed for a comparison of value-added and traditional measures of performance. Results indicate value-added measures are not significantly different from traditional measures of performance and thus little if any information is gained by replacing traditional measures with value-added measures. However, value-added measures may be useful to managers for value creation decisions resulting in excess profits.

Suggested Citation

  • Acheampong, Yvonne J. & Wetzstein, Michael E., 2001. "Comparative Analysis Of Value-Added And Traditional Measures Of Performance: An Efficiency Score Approach," Faculty Series 16715, University of Georgia, Department of Agricultural and Applied Economics.
    • Handle: RePEc:ags:ugeocr:16715
    DOI: 10.22004/ag.econ.16715
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    References listed on IDEAS

    as
    1. Fried, Harold O. & Lovell, C. A. Knox & Schmidt, Shelton S. (ed.), 1993. "The Measurement of Productive Efficiency: Techniques and Applications," OUP Catalogue, Oxford University Press, number 9780195072181.
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