THE INFLUENCE OF THE FIELD OF BUSINESS ON THE DEVELOPMENT OF PRODUCTIVITY IN SELECTED COMPANIES OF THE CZECH CHEMICAL INDUSTRY

Olga Kutnohorská (), Dana Strachotová (), Marek Botek () and Stanislava Grosová ()
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Olga Kutnohorská: University of Chemistry and Technology, Prague
Dana Strachotová: University of Chemistry and Technology, Prague
Marek Botek: University of Chemistry and Technology, Prague
Stanislava Grosová: University of Chemistry and Technology, Prague

No 14716504, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: This study analyses the productivity of selected chemical industry companies in the Czech Republic through Data Envelopment Analysis (DEA). The selection of companies for analysis was based on the amount of turnover and also according to the field of business. The enterprises were grouped into 4 groups. The first group A represents qualified chemistry, followed by group B (commodity inorganic and organic chemistry), group C (processing of plastics or rubbers) and group D (distribution of raw materials). The Malmquist productivity index (MPI) was used to analyse changes in the productivity of companies, and the statistical significance of these indices was tested using. This procedure helped identify the influence of various factors on the efficiency and productivity of companies, including the influence of the area of business. The study showed other possibilities of using this procedure. E.g., in the case of inclusion of environmental costs or investments in the field of the environment.

Keywords: Field of business of chemical industry company; Data envelopment analysis; Malmquist productivity index; Financial statements (search for similar items in EconPapers)
JEL-codes: C10 D20 (search for similar items in EconPapers)
Pages: 11 pages
New Economics Papers: this item is included in nep-eff
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Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Lisbon, Nov -0001, pages 65-75

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