Study Regarding the Efficiency Measure of Construction Firms from Western Europe

Bianca Mogoseanu
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Bianca Mogoseanu: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2011, vol. 1, issue 13, 211-217

Abstract: In this study we tried to capture the efficiency of the activity of constructions for the Western European countries, as well as the extent to which they were affected by the financial crisis. The premise of choosing companies with activities in construction is related to the fact that their efficiency is closely correlated with the evolution of economic activity in general, the construction sector being one of the most important sectors of the economy. The analysis revealed that these companies were strongly hit by the economic and financial problems in 2008, receiving the lowest scores of efficiency from the period studied. Also, it seems that their efforts to overcome a difficult period for any economic activity - namely those of making their activity more efficient, of increasing productivity, and restructuring costs - have resulted in the revival of the activity in constructions in 2009’s economy.

Keywords: efficiency; data envelopment analysis; construction firms; economic crisis (search for similar items in EconPapers)
JEL-codes: C23 D24 G01 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2011:i:13:p:211-217

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