Technical inefficiency and firm behavior: A panel study of small and medium Japanese manufacturing firms
Technical inefficiency and firm behavior: A panel study of small and medium Japanese manufacturing firms
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技术低效率与企业行为：日本中小型制造企业的小组研究
DOI：
10.1016/j.ssaho.2022.100388
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发表时间：
2023
影响因子：
--
通讯作者：
Kazuo
中科院分区：
文献类型：
--
作者：
Ogawa;Kazuo
本研究利用中小企业基本调查（2009-2018）的面板数据，探讨了日本中小型制造企业的技术低效率。我们估计了四个生产要素（正式工人、非正式工人、资本存量和材料）的随机前沿生产函数，并通过应用真正的随机效应模型来计算单个企业的技术无效率，该模型可以区分技术无效率和企业异质性。我们发现，低效率企业规模较小，对非正式工人的依赖程度较高，企业绩效较差，资产负债率较高，支付利率较低，资本投资和研发投资不活跃。我们还发现，资本投资不活跃和资产负债率过高是造成技术效率低下的主要原因。
This study examines the technical inefficiency of small and medium Japanese manufacturing firms by using panel data from theBasic Survey on Small and Medium Enterprises(2009–2018). We estimate the stochastic frontier production function with four production factors (regular workers, nonregular workers, capital stock and materials) and calculate the technical inefficiency of individual firms by applying a true random effects model that can distinguish technical inefficiency from firm heterogeneity.We find that inefficient firms are smaller, rely more on nonregular workers, exhibit poorer firm performance, have a higher debt-asset ratio, pay a lower interest rate and are inactive in capital investment and R&D investment. We also find that inactive capital investment and a high debt-asset ratio are mainly responsible for causing technical inefficiency.