The relationship between technical efficiency, firm growth and market structure in the Indonesian palm oil industry

被引：0

作者：

Septiani, Berliana Anggun ^{[1
,2
]}

Setiawan, Maman ^{[1
]}

机构：

[1] Univ Padjadjaran, Fac Econ & Business, Dept Econ, Bandung, Indonesia

[2] Padjadjaran State Univ, Fac Econ & Business, Jl Dipati Ukur 35, Jawa Barat 40132, Indonesia

来源：

COGENT ECONOMICS & FINANCE | 2023年 / 11卷 / 02期

关键词：

technical efficiency; industry concentration; the efficient structure hypothesis; the quiet-life hypothesis; palm oil industry; BANKING INDUSTRY; PERFORMANCE RELATIONSHIP; PANEL-DATA; GMM; CONDUCT; POWER; HYPOTHESIS; VARIANCE; IMPACT; COST;

D O I：

10.1080/23322039.2023.2243784

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This research investigates the relationship between efficiency and firm growth as well as the relationship between firm growth and market structure (CR4) to evaluate whether the quiet-life (QL) and/or efficient structure (ES) hypothesis applies in the Indonesian palm oil industry. This study uses large and medium industry survey data sourced from the Indonesian Bureau of Central Statistics (BPS) for the period from 1990 to 2017. The efficiency score is calculated using data envelopment analysis (DEA) using a bootstrapping approach. The two-step generalized method of moments (GMM) and panel vector auto regression (PVAR) are used to test the two hypotheses. The results show that technical efficiency can increase a firm's market share, market concentration, and market power. These results support the ES hypothesis. This research also finds that market structure (CR4) has an impact on firm efficiency, providing evidence supporting the QL hypothesis. These results indicate that the ES and QL hypotheses apply in Indonesia during a business cycle that needs to be considered by policymakers.

引用

页数：17

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