Exportar Publicação

A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA)
Murillo, K., Rocha, E. M. & Ramalho, J. J. S. (2018). About the efficiency behavior of the Portuguese manufacturing firms during the financial crisis. Libertas Mathematica (new series). 38 (1), 17-44
Exportar Referência (IEEE)
K. Murillo et al.,  "About the efficiency behavior of the Portuguese manufacturing firms during the financial crisis", in Libertas Mathematica (new series), vol. 38, no. 1, pp. 17-44, 2018
Exportar BibTeX
@article{murillo2018_1734884858670,
	author = "Murillo, K. and Rocha, E. M. and Ramalho, J. J. S.",
	title = "About the efficiency behavior of the Portuguese manufacturing firms during the financial crisis",
	journal = "Libertas Mathematica (new series)",
	year = "2018",
	volume = "38",
	number = "1",
	pages = "17-44",
	url = "http://system.lm-ns.org/index.php/lm-ns/issue/view/117"
}
Exportar RIS
TY  - JOUR
TI  - About the efficiency behavior of the Portuguese manufacturing firms during the financial crisis
T2  - Libertas Mathematica (new series)
VL  - 38
IS  - 1
AU  - Murillo, K.
AU  - Rocha, E. M.
AU  - Ramalho, J. J. S.
PY  - 2018
SP  - 17-44
SN  - 0278-5307
UR  - http://system.lm-ns.org/index.php/lm-ns/issue/view/117
AB  - This work studies some effects of the World Financial Crisis on firms in terms of efficiency scores, by measuring how 23K units used inputs and produced outputs, obtained from a set of Portuguese manufacturing firms on three time periods: pre-crisis (2006-2008), pretroika (2009-2011) and troika (2012-2013). We adopt a non-parametric approach, which combines Multidirectional Efficiency Analysis (MEA) with other techniques as cluster analysis, principal component analysis and dimensionality testing, to examine three empirical hypotheses: H(1) the performance of the portuguese firms in the manufacturing sector has been adversely affected by the financial crisis felt in Portugal in the troika years; H(2) due to the financial crisis, the manufacturing sector acquired long-term debt deliberately; and H(3) the financial crisis has affected substantially the food subsector. The results indicate that H(1) is confirmed, but not totally, H(2) is confirmed and H(3) is rejected. We also found surprisingly good affine fittings between inputs and capital, and outputs and EBIT with really good p-values. Hence, we also propose a reduction of the dimensionality of the MEA model, when it is possible to apply model fitting. If the reduction results in one input and one output,
we give procedures to visualize and compare between efficiencies scores.
ER  -