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

CL0.0098712.8 <0.00010.005567.29<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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