Inter-firm efficiency comparisons: U.S. and U.K. manufacturing enterprises in Britain
DOI:
https://doi.org/10.13133/2037-3643/11714Keywords:
Firm efficiency, comparisons, performance, UK, US,Abstract
The paper suggests a method of evaluating the efficiency of firms with a view to comparing the performance of British and U.S. firms operating in the United Kingdom. The authors first give a brief preliminary account of the origins and aims of the study for which a means of undertaking inter-firm efficiency comparisons is required. They go on to define the efficiency of the firm and propose an operational measure of efficiency as defined. A number of tests of the proposed measure are then carried out, and certain tentative conclusions regarding the relative efficiency of British and U.S. firms in the United Kingdom are drawn.
JEL: F23, L25, L60