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https://doi.org/10.5552/drvind.2019.1937

A Comparative Evaluation of Operational Efficiency of Wood Industry Using Data Envelopment Analysis and Malmquist Productivity Index: the Cases of Slovenia and Croatia

Jože Kropivšek ; University of Ljubljana, Biotechnical Faculty, Department of Wood Science and Technology, Ljubljana, Slovenia
Ivana Perić ; University of Zagreb, Faculty of Forestry, Wood Technology Department, Zagreb, Croatia
Andreja Pirc Barčić ; University of Zagreb, Faculty of Forestry, Wood Technology Department, Zagreb, Croatia
Petra Grošelj ; University of Ljubljana, Biotechnical Faculty, Department of Forestry and Renewable Forest Resources, Ljubljana, Slovenia
Darko Motik ; University of Zagreb, Faculty of Forestry, Wood Technology Department, Zagreb, Croatia
Matej Jošt ; University of Ljubljana, Biotechnical Faculty, Department of Wood Science and Technology, Ljubljana, Slovenia

Puni tekst: engleski, pdf (540 KB) str. 287-298 preuzimanja: 323* citiraj
APA 6th Edition
Kropivšek, J., Perić, I., Pirc Barčić, A., Grošelj, P., Motik, D. i Jošt, M. (2019). A Comparative Evaluation of Operational Efficiency of Wood Industry Using Data Envelopment Analysis and Malmquist Productivity Index: the Cases of Slovenia and Croatia. Drvna industrija, 70 (3), 287-298. https://doi.org/10.5552/drvind.2019.1937
MLA 8th Edition
Kropivšek, Jože, et al. "A Comparative Evaluation of Operational Efficiency of Wood Industry Using Data Envelopment Analysis and Malmquist Productivity Index: the Cases of Slovenia and Croatia." Drvna industrija, vol. 70, br. 3, 2019, str. 287-298. https://doi.org/10.5552/drvind.2019.1937. Citirano 23.06.2021.
Chicago 17th Edition
Kropivšek, Jože, Ivana Perić, Andreja Pirc Barčić, Petra Grošelj, Darko Motik i Matej Jošt. "A Comparative Evaluation of Operational Efficiency of Wood Industry Using Data Envelopment Analysis and Malmquist Productivity Index: the Cases of Slovenia and Croatia." Drvna industrija 70, br. 3 (2019): 287-298. https://doi.org/10.5552/drvind.2019.1937
Harvard
Kropivšek, J., et al. (2019). 'A Comparative Evaluation of Operational Efficiency of Wood Industry Using Data Envelopment Analysis and Malmquist Productivity Index: the Cases of Slovenia and Croatia', Drvna industrija, 70(3), str. 287-298. https://doi.org/10.5552/drvind.2019.1937
Vancouver
Kropivšek J, Perić I, Pirc Barčić A, Grošelj P, Motik D, Jošt M. A Comparative Evaluation of Operational Efficiency of Wood Industry Using Data Envelopment Analysis and Malmquist Productivity Index: the Cases of Slovenia and Croatia. Drvna industrija [Internet]. 2019 [pristupljeno 23.06.2021.];70(3):287-298. https://doi.org/10.5552/drvind.2019.1937
IEEE
J. Kropivšek, I. Perić, A. Pirc Barčić, P. Grošelj, D. Motik i M. Jošt, "A Comparative Evaluation of Operational Efficiency of Wood Industry Using Data Envelopment Analysis and Malmquist Productivity Index: the Cases of Slovenia and Croatia", Drvna industrija, vol.70, br. 3, str. 287-298, 2019. [Online]. https://doi.org/10.5552/drvind.2019.1937

Sažetak
The wood industry, as a traditional sector, represents a very important part of the economy in terms of ensuring a sustainable development of society and transition to a low-carbon society in both countries studied, Slovenia and Croatia. For its further development, it is crucial to know the current position of the industry. The best way to achieve this is an analysis of financial data and international comparative evaluation of its operational efficiency. The aim of the research is to compare the relative efficiency of the wood industry using Data Envelopment Analysis (DEA) and the Malmquist Productivity Index (MI), focusing on the Slovenian and Croatian wood industry sectors (C16 and C31) for a recent five-year period (from 2013-2017). With this purpose, the combined measure DEA/MI was applied. The analysis includes only the highest rated companies with more than fi ve employees, divided into 12 clusters regarding the company size. As a result, it was established that clusters CRO-C31- micro, CRO-C16-micro and SI-C16-larger have the highest operational efficiency, due to the effects of different financial indicators, especially activity and liquidity ratios. In general, within the grouped clusters regarding country and subsector, groups SI-C16 and CRO-C31 achieve the highest values for the average of weighted score of efficiency, while CRO-C16 achieves the lowest values.

Ključne riječi
financial analysis; financial ratio; wood industry; Slovenia; Croatia; DEA; Malmquist Index

Hrčak ID: 225640

URI
https://hrcak.srce.hr/225640

[hrvatski]

Posjeta: 770 *