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Determinants of technical efficiency in small firms
journal contribution
posted on 2023-06-07, 22:54 authored by Roberto Alvarez, Gustavo CrespiThere is evidence that small firms are less productive than larger ones. This phenomenon could be explained by several factors. In this paper, using plant survey data and non-parametric deterministic frontier methodology, we explore what factors can explain the observed differences in technical efficiency. In the case of Chilean manufacturing firms, we found that efficiency is positively associated with the experience of workers, modernization of physical capital and innovation in products. In contrast, other variables such as outward orientation, owner education and participation in some public programs do not affect the efficiency of the firms.
History
Publication status
- Published
Journal
Small Business EconomicsPublisher
SpringerExternal DOI
Volume
20Page range
233-244Pages
12.0Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes