Methodological approaches to assessment of the efficiency of business entities activity

Business and Economic Horizons Pub Date : 2018-01-01 DOI:10.15208/BEH.2018.12

O. Pakhnenko, Olga Liuta, N. Pihul

引用次数: 9

Abstract

The management of stable development of business entities requires the improvement of methodological approaches regarding their efficiency assessment. We think that the efficiency assessment should conduct a comparative analysis with other economic entities regarding the effectiveness of using existing amount of material, financial and labor resources. For a comparative assessment of the operational efficiency of Ukrainian enterprises authors suggested the method of frontier stochastic analysis. The essence of this approach is to build a standard enterprise with the highest efficiency indicators and calculation of the efficiency coefficients. According to the results of statistical hypotheses testing it is determined that the translog function with the truncated distribution of a random component best describes the investigated functional dependences. According to the results of modeling the efficiency coefficients for every enterprise and period of investigation were received and on the basis of them the ranking of enterprises efficiency was made.

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评估商业实体活动效率的方法学方法

企业实体稳定发展的管理需要改进其效率评价的方法方法。我们认为，效率评估应与其他经济实体就利用现有的物力、财力和人力资源的有效性进行比较分析。为了比较评价乌克兰企业的经营效率，作者提出了前沿随机分析的方法。这种方法的实质是建立一个具有最高效率指标和效率系数计算的标准企业。根据统计假设检验的结果，确定具有随机分量截断分布的超对数函数最能描述所研究的函数依赖。根据建模结果得到了各企业和调查期的效率系数，并在此基础上对各企业的效率进行了排序。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Business and Economic Horizons ECONOMICS-

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期刊介绍： The Business and Economic Horizons (BEH) is an international peer-reviewed journal that publishes high quality theoretical, empirical, and review papers covering the broad spectrum of research in areas of economics, business, management, and finance. The journal aim is to bridge the gap between the theory and the observed data in these constantly developing domains. BEH Editorial Board welcomes the high-quality original research articles and review papers that verify the well-grounded and the emerging theories by employing the econometric, statistical methods or other relevant empirical methods in theoretical and applied economic analysis. BEH does not discriminate articles utilizing the non-mainstream approaches such as experimental research, institutional analysis, other variations of heterodox and developmental economic studies. Therefore, the submissions in any field of micro- and macroeconomics, business ethics, economic policy or finance are appropriate for this journal. We hope, the provided contributions will help to understand the contemporary challenges faced by the private and public sector and will establish an international forum of empirical research.