Technical efficiency analysis of oil companies in the Republic of Serbia

Snežana Radukić, Milan Veselinović and Ivana Marjanović

Economic Research-Ekonomska Istraživanja, 2023, vol. 36, issue 1, 2180051

Abstract: The subject of this paper is the assessment of the efficiency of oil companies operating in the Republic of Serbia. This paper presents the possibilities of applying non-parametric methods in researching the efficiency of oil companies in the Serbian market. In addition to the standard variables for measuring technical efficiency, the market share should be taken into account, because the oil market is an example of an imperfect competition market. By applying the quantitative-analytical method (Data Envelopment Analysis), obtained results show the development of the efficiency of oil companies in the relevant market, and indicate that the efficiency of oil companies improved during the analysed period. However, the results also indicate that there is still a problem of misallocation of resources. The reasons for this outcome are interesting and debatable for this industrial area.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2023.2180051 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:reroxx:v:36:y:2023:i:1:p:2180051

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2023.2180051

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().