INEFFICIENCY CAUSES AND RESOLUTIONS TOWARD FINANCIAL SUCCESS OF SINGAPORE MANUFACTURING ENTERPRISES

Dao Le Trang Anh and Christopher Gan ()
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Dao Le Trang Anh: Faculty of Agribusiness and Commerce, Lincoln University, Canterbury, New Zealand2School of Banking and Finance, National Economics University, Hanoi, Vietnam
Christopher Gan: Faculty of Agribusiness and Commerce, Lincoln University, Canterbury, New Zealand

The Singapore Economic Review (SER), 2024, vol. 69, issue 07, 2119-2141

Abstract: This study estimates the profitability and marketability efficiencies’ scores and determinants of 114 Singapore listed manufacturing firms from 2007 to 2018 by adopting bootstrapped two-stage data envelopment analysis (DEA) as well as one- and two-part fractional regression models. The study reveals that the average marketability efficiency of Singapore listed manufacturing firms (0.881) is lower than the average profitability efficiency (0.970) during the study period. Further, the results show that the length of listing, headcount, institutional ownership, leverage ratio and high-technology production statistically affect the profitability and marketability efficiencies of Singapore listed manufacturing firms.

Keywords: Data envelopment analysis; efficiencies; fractional regression model; Singapore manufacturing sector (search for similar items in EconPapers)
JEL-codes: G30 G32 M10 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S0217590821500156

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