TAILIEUCHUNG - The technical efficiency of manufacturing companies on the Nigerian stock exchange

The objective of the study is to establish whether quoted manufacturing companies in Nigeria are operating on the production possibility frontier, that is, if they are technically and scale efficient. In pursuance of this, the study adopted the output orientated DEA with input variables as total asset, shareholder’s equity, cost of goods sold and operating expenses, while the output variables are sales/turnover, net profit, return on asset, and return on equity. Output orientated DEAP Version package with variable return to scale assumption using multi-stage DEA is employed. The analysis revealed that quoted manufacturing companies in Nigeria are efficient with an average variable return to scale mean score of 85% and scale efficiency mean score of 76%. A breakdown of the results shows that thirty-one companies out of the fifty-eight companies selected for the study are operating on production possibility frontier while the remaining twenty-seven companies are not. It is recommended that the companies that are operating in the region of decreasing return to scale should scale down their inputs while those that are in the region of increasing return to scale should scale up their inputs. | The technical efficiency of manufacturing companies on the Nigerian stock exchange

• Đầu tư Chứng khoán
• Technical efficiency
• Stock exchange
• Nigerian stock exchange
• Manufacturing companies
• The technical efficiency
• Journal of law and criminal justice
• Socio economic producers’ technical efficiency in Mali
• Pedological producers’ technical efficiency in Mali
• Climate determinants of producers’ technical efficiency in Mali
• Producers’ technical efficiency in Mali
• Mathematical programming
• Super efficiency
• Correlation coefficient
• Super efficiency of commercial banks
• Resource use efficiency
• Economic efficiency
• Cobb douglas production function
• Data envelopment analysis
• Phương pháp phân tích bao số liệu
• Hiệu quả kĩ thuật
• Stochastic frontier models
• Parametric approach
• Summary of Doctor thesis
• Improving economic
• Technical efficiency of prop equipment
• Underground coal mining
• Quang Ninh area
• Power outages
• Manufacturing firms
• Technical efficiency of manufacturing firms
• Selected South Asian countries
• Vietnam's economic development
• Rice farms
• Determinants of technical efficiency
• Stochastic frontier production function
• Measuring Technical
• Rice Production
• Tạp chí khoa học
• Technical efficiency of oyster mushroom production
• Quang Tri province
• An application of output oriented data envelopment analysis
• Output oriented data envelopment analysis
• Technical efficiency level
• Oyster mushroom production
• Output oriemted data
• Envelopment analysis
• Estimated their technical efficiency level
• Technical efficiency for strategic change
• Global competitiveness
• Non‐parametric technique
• Credit access
• Protected cultivation
• Capsicum production
• Production efficiency of capsicum
• Efficiency and evaluation
• Technical efficiency evaluation
• Kenyan sample banking sector
• Producing below the production frontier
• Banks have undergone incredible development
• Credit risk
• Monetary risk
• Systematic and unsystematic risks
• Gulf cooperation council countries
• Income diversification
• Labor dependence
• Rural credit
• Small holder coffee farms
• Oyster mushroom
• Training course
• Bootstrapped Data Envelopment Analysis
• Irrigation water
• Scale economy
• Scale economy of dibiteries
• Sheep is prepared
• Doctor of Philosophy
• Vietnamese banking
• Encompassing preand Post WTO entry
• Sector an empirical analysis
• Global Malmquist total factor productivity
• Meta frontier
• Garment industries
• Water conveyance efficiency
• On farm application efficiency
• Technical indicators
• Bhimsagar medium irrigation project
• Water delivery
• Surveying and mapping engineering
• Research on technical solutions
• The efficiency of geodetic work
• The construction of skyscraper in Vietnam
• Build geodetic engineering solutions
• Export value
• Export efficiency
• Technical Barriers to Trade
• Vietnam’s apparel products
• Gravity model
• Logit model
• Jordan insurance companies
• Determinants using DEA
• Examine the efficiency determinants
• Technical efficiency scores