Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2180051
Technical efficiency analysis of oil companies in the Republic of Serbia
Snežana Radukić
Milan Veselinović
Ivana Marjanović
Sažetak
The subject of this paper is the assessment of the efficiency of oil
companies operating in the Republic of Serbia. This paper
presents the possibilities of applying non-parametric methods in
researching the efficiency of oil companies in the Serbian market.
In addition to the standard variables for measuring technical efficiency,
the market share should be taken into account, because
the oil market is an example of an imperfect competition market.
By applying the quantitative-analytical method (Data Envelopment
Analysis), obtained results show the development of the efficiency
of oil companies in the relevant market, and indicate that the efficiency
of oil companies improved during the analysed period.
However, the results also indicate that there is still a problem of
misallocation of resources. The reasons for this outcome are interesting
and debatable for this industrial area.
Ključne riječi
Technical efficiency; oil companies; market share; revenue; data envelopment analysis; window DEA
Hrčak ID:
306509
URI
Datum izdavanja:
31.3.2023.
Posjeta: 166 *