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

Authors

  • Lamees Al-Durgham The University of Jordan
  • Mohammad Adeinat The University of Jordan

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

JEL Classifications: D24, C51

DOI: https://doi.org/10.32479/ijefi.10489

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Author Biographies

Lamees Al-Durgham, The University of Jordan

instructor,Department of Industrial Engineering , school of engineering.phd student,department of business economics, School of Graduate Studies.

Mohammad Adeinat, The University of Jordan

prof ,department of business economics , School of business.

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Published

2020-11-04

How to Cite

Al-Durgham, L., & Adeinat, M. (2020). Efficiency of Listed Manufacturing Firms in Jordan: A Stochastic Frontier Analysis. International Journal of Economics and Financial Issues, 10(6), 5–9. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/10489

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