Revisiting firm flexibility and efficiency: evidence from the EU dairy processing industry
作者： Stefan Hirsch , Ashok Mishra , Niklas Möhring , Robert Finger
DOI: 10.1093/ERAE/JBZ003
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摘要: We analyse the flexibility of EU dairy processors to adjust production fluctuating economic conditions. For a set 2,186 firms, we derive measures representing effect output variations on costs. The results reveal that is highest in Poland and Italy lowest Spain. Several firm-specific factors, such as size age firm, are found affect firm flexibility. Moreover, detect tradeoff between technical efficiency for large firms indicating sole focus can be insufficient. Finally, show during crisis help sustain profitability.
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