Measurement of Efficiency of the Select Indian Manufacturing Firms and Its Determinants: Implications of Firm-Specific and Macroeconomic Factors

Sumit Kumar Maji (), Arindam Laha () and Debasish Sur ()
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Sumit Kumar Maji: The University of Burdwan
Debasish Sur: The University of Burdwan

Chapter Chapter 4 in Indian Manufacturing Sector in Post-Reform Period, 2022, pp 69-88 from Springer

Abstract: Abstract Firm-level efficiency is at the centre of competitive strength and financial resilience of any business firm. Operational efficiency directly contributes towards amplifying the profitability and subsequently value maximization of a firm. This chapter makes an effort to measure the level of technical efficiency of the firms in the Indian manufacturing sector by using stochastic frontier analysis. The various microeconomic and macroeconomic factors affecting such technical efficiency were also investigated in this chapter. Sector-wise variation in the level of efficiency was very much evident from the outcome of the study. The effect and significance of different microeconomic and macroeconomic factors were not uniform across different sub-sectors within the Indian manufacturing industry during the period of study.

Keywords: Efficiency; Stochastic frontier analysis; Value maximization; Financial resilience; Microeconomic factors; Macroeconomic factors (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-2666-2_4

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DOI: 10.1007/978-981-19-2666-2_4

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