Advances in Operations Research / 2015 / Article / Tab 3

Research Article

An Empirical Study of Strategic Positioning and Production Efficiency

Table 3

Strategic positioning and production efficiency ( = 33,499). OLS regressions in the 2nd stage of 2-stage DEA analysis. Dependent variable: production efficiency.

Panel APanel BPanel C
Coefficient estimate-stat valueCoefficient estimate-stat valueCoefficient estimate-stat value

Intercept−0.0106−1.260.2095−0.0114−1.370.1704−0.0121−1.460.1442
CL0.00994.710.00000.00562.670.0076
Diff−0.0378−10.300.0000−0.0368−10.100.0000
Size0.040827.320.00000.040528.290.00000.041128.080.0000
ROA0.189025.970.00000.194027.070.00000.192126.780.0000
Age0.00086.440.00000.00065.320.00000.00065.020.0000
Competition5.15463.050.00235.04603.030.00254.97183.020.0026
Industry dummies includedIndustry dummies includedIndustry dummies included
Year dummies includedYear dummies includedYear dummies included

Adjusted 0.75940.76930.7697
Total Obs334993349933499

See the appendix for variable definitions.

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