Efficiency of Listed Manufacturing Firms in Jordan: A Stochastic Frontier Analysis

Lamees Al-Durgham and Mohammad Adeinat
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Lamees Al-Durgham: Department of Industrial Engineering, School of Engineering, University of Jordan, Amman, Jordan,
Mohammad Adeinat: Department of Business Economics, School of Business, University of Jordan, Amman, Jordan.

International Journal of Economics and Financial Issues, 2020, vol. 10, issue 6, 5-9

Abstract: This study examines the technical efficiency of the manufacturing firms listed in Amman Stock Exchange market (ASE) in Jordan over the period 2009-2017. The stochastic frontier approach was used to measure the efficiency. The results show that the firms have an overall efficiency of 74 %, means that the firms wasted about 26% of their inputs. Among the firms, (RMCC) has the highest averageefficiency of (90% ) witha standard deviation of (0.06) over the period of the study, and (IPCH) has the lowest average efficiency of (26% )with a standard deviation of ( 0.38) for the same period.

Keywords: Efficiency; manufacturing firms; stochastic frontier analysis; panel data (search for similar items in EconPapers)
JEL-codes: C51 D24 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2020-06-2

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