عنوان انگلیسی مقاله: Benchmarking and industry performance

ترجمه عنوان مقاله: معیار و عملکرد صنعت

رشته: مدیریت صنعتی

سال انتشار: 2011

تعداد صفحات مقاله انگلیسی: 8 صفحه

منبع: springer

نوع فایل: pdf

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چکیده انگلیسی مقاله

In this paper I interrelate productivity analysis and the theory of industrial organization. A proposition proves that an industrial organization is efficient if and only if it is supportable in the entry-proofness sense. Industrial performance is decomposed in efficiency and technical change terms as well as an industrial organization component. The performance measure is shown to be consistent with the Solow residual and Malmquist productivity indices for its components are provided.
Keywords: Scope (dis)economies,  Industrial organization,  Efficiency,  Aggregation, Productivity

مقدمه انگلیسی مقاله

In this paper I define benchmarking through a function that maps two arguments, namely the object to be benchmarked a firm, represented by the pair of its input vector and its output vector and the backdrop against which it is benchmarked the industry into a scalar, namely the efficiency of the firm. The mapping summarizes a program that identifies the best practice technologies or benchmarks for the firm. The performance of a firm will be measured by its output/input ratio or productivity—a concept that I will connect explicitly to the aforementioned efficiency function. Aggregate performance may rise more than firm performance scores suggest, if resources are better allocated between firms. The excess is the industrial organization effect.
Debreu (1951) recognized imperfections in economic organization as a source of aggregate inefficiency and Diewert (1983) analyzed them for open economies, focussing on price distortions. I operationalize these ideas in an activity analytic framework, but without using external price information (such as the world prices an open economy faces), as Nesterenko and Zelenyuk (2007) do.
Another novelty is that my theory of benchmarking extends my interrelationship of two value-based performance measures—Diewert’s (1981) price index measurement and Solow’s (1957) residual analysis from the back-of-theenvelope calculation for production functions (ten Raa 2005) to the activity framework.
There is more to the performance of a composite such as an industry than micro or firm performance and composition effects. Blackorby and Russell (1999) and Briec et al. (2003) have shown that things do not add up except under restrictive conditions. Bartelsman and Doms’ (2000, p. 571) understanding that ‘‘Aggregated productivity can be computed as the share-weighted average of individual productivity’’ is not exactly right. Indeed, Briec et al.
(2003, Proposition 5) and Fa¨re and Grosskopf (2004, p. 108) noticed a bias, ten Raa (2005) related it to the departure of the industrial efficiency condition that marginal productivities are equalized, and Balk (2009) shows that in a growth accounting setting with independent disaggregated price and quantity information differential price changes add a term to aggregate productivity change. I now proceed to interpret the bias as an industrial organization inefficiency measure.

نتیجه انگلیسی مقاله

An industry may perform better, in the sense of productivity growth, by technical progress or by efficiency change. Both sources of growth have been decomposed in firm contributions, but the aggregation is known to be imperfect. The bias reflects the inefficiency of the industrial organization. This paper offers measures for the latter.
Acknowledgments Author completed the paper at Bar-Ilan University and NYU Polytechnic Institute and the Berkley Center for Entrepreneurship and Innovation at the Stern School of Business. I am also grateful to Shawna Grosskopf and Sverre Kittelsen for literature references, and two referees for detailed comments.
Open Access This article is distributed under the terms of the Creative Commons Attribution Noncommercial License which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.

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