Advances in Operations Research / 2015 / Article / Tab 4

Research Article

An Empirical Study of Strategic Positioning and Production Efficiency

Table 4

Strategic positioning and production efficiency ( = 33,499). Tobit 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−0.0112−3.040.0024−0.012−3.330.0009−0.0128−3.530.0004
CL0.0098712.8 <0.00010.005567.29<0.0001
Diff−0.0377−40.1<0.0001−0.0367−38.63<0.0001
Size0.04102109.4<0.00010.04063113.83<0.00010.04126112.46<0.0001
ROA0.1892944.26<0.00010.194346.48<0.00010.1923645.97<0.0001
Age0.0007616.47<0.00010.0006113.6<0.00010.0005812.82<0.0001
Competition5.1557432.89<0.00015.0472332.94<0.00014.9724332.41<0.0001
Industry dummies includedIndustry dummies includedIndustry dummies included
Year dummies includedYear dummies includedYear dummies included

Log likelihood274612675827487
Total Obs334993349933499

See the appendix for variable definitions.

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