Izvorni znanstveni članak
https://doi.org/https://doi.org/10.5552/crojfe.2024.2395
The Use of Recycled Wood as a Factor in Production Efficiency of Manufacturers in V4 Countries
Michaela Staňková
orcid.org/0000-0003-3789-3570
; Faculty of Business and Economics Department of Statistics and Operation Analysis Zemědělská 1 613 00, Brno CZECH REPUBLIC
Tomáš Pipíška
; Mendel University in Brno Faculty of Forestry and Wood Technology Department of Wood Science and Technology Zemědělská 1 613 00, Brno CZECH REPUBLIC
Sažetak
This article deals with a quantitative assessment of the production efficiency of wood-processing enterprises in the V4 countries. Efficiency was calculated through a non-parametric method of data envelopment analysis. This method allows the construction of an efficiency frontier without having to make any assumptions about its shape. The analyses are based on the financial statements of individual companies from 2018 to 2021. Efficiency assessments are therefore based on the actual performance of individual companies (i.e., quantities of output, costs, and capital). This micro perspective allows us to examine differences in efficiency not only by country but also by company size. A total of 10 companies have been selected in the V4 countries that can be identified as actively using recycled material in their production. The results of our empirical analyses show that this group of »recyclers« performs better than other market players in terms of median efficiency. Even in 2020, which can be marked as the beginning of the Covid-19 pandemic, overall, these companies had better results. Our results also show that the efficiency is significantly affected by company size (which is also reflected in economies of scale).
Ključne riječi
efficiency, recycle material, technology, V4 countries
Hrčak ID:
322758
URI
Datum izdavanja:
15.7.2024.
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