Modeling the influence of age on the technical efficiency by sector and time periods

In today’s competitive economy, technological leadership and technical efficiency are key to the successful development of enterprises, countries and territories. This paper investigates the influence of factors on the technical efficiency of a business. Situations where technical efficiency is calc...

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Autores principales: V. V. Spitsin, L. Yu. Spitsina, E. B. Gribanova
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Lenguaje:RU
Publicado: Publishing House of the State University of Management 2021
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Acceso en línea:https://doaj.org/article/1bbb17cfb78540298636a696313779fa
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spelling oai:doaj.org-article:1bbb17cfb78540298636a696313779fa2021-12-03T07:43:37ZModeling the influence of age on the technical efficiency by sector and time periods1816-42772686-841510.26425/1816-4277-2021-10-59-68https://doaj.org/article/1bbb17cfb78540298636a696313779fa2021-12-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/3144https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415In today’s competitive economy, technological leadership and technical efficiency are key to the successful development of enterprises, countries and territories. This paper investigates the influence of factors on the technical efficiency of a business. Situations where technical efficiency is calculated by the DEA method, and its determinants are defined in regression models, including tobit regression models, have been considered. The determinants of technical efficiency identified by foreign researchers have been systematised. Modeling of the influence of the “Age” factor on the technical efficiency of enterprises in six leading sectors of Russia’s economy over the period 2015–2019 has been performed. It has been found that the “Age” factor has different effects on technical efficiency in different industry sectors. Particularly, in the food industry younger companies are more technically efficient, while mature companies are more technically efficient in the information technology sector. Accordingly, the directions and priorities for incentives should differ across sectors of the economy. In particular, the technological development of the food industry requires support for the generation processes of young enterprises and start-ups. In the information technology sector, the priority should be to support mature enterprises and the growth processes of young enterprises to maturity.V. V. SpitsinL. Yu. SpitsinaE. B. GribanovaPublishing House of the State University of Managementarticletechnological leadershiptechnical efficiencydeterminantsage of firmyoung enterprisesold enterprisesindustryservicesdea methodtobit modelsregression analysiseconometric modelinginnovative developmentrussiaSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 10, Pp 59-68 (2021)
institution DOAJ
collection DOAJ
language RU
topic technological leadership
technical efficiency
determinants
age of firm
young enterprises
old enterprises
industry
services
dea method
tobit models
regression analysis
econometric modeling
innovative development
russia
Sociology (General)
HM401-1281
Economics as a science
HB71-74
spellingShingle technological leadership
technical efficiency
determinants
age of firm
young enterprises
old enterprises
industry
services
dea method
tobit models
regression analysis
econometric modeling
innovative development
russia
Sociology (General)
HM401-1281
Economics as a science
HB71-74
V. V. Spitsin
L. Yu. Spitsina
E. B. Gribanova
Modeling the influence of age on the technical efficiency by sector and time periods
description In today’s competitive economy, technological leadership and technical efficiency are key to the successful development of enterprises, countries and territories. This paper investigates the influence of factors on the technical efficiency of a business. Situations where technical efficiency is calculated by the DEA method, and its determinants are defined in regression models, including tobit regression models, have been considered. The determinants of technical efficiency identified by foreign researchers have been systematised. Modeling of the influence of the “Age” factor on the technical efficiency of enterprises in six leading sectors of Russia’s economy over the period 2015–2019 has been performed. It has been found that the “Age” factor has different effects on technical efficiency in different industry sectors. Particularly, in the food industry younger companies are more technically efficient, while mature companies are more technically efficient in the information technology sector. Accordingly, the directions and priorities for incentives should differ across sectors of the economy. In particular, the technological development of the food industry requires support for the generation processes of young enterprises and start-ups. In the information technology sector, the priority should be to support mature enterprises and the growth processes of young enterprises to maturity.
format article
author V. V. Spitsin
L. Yu. Spitsina
E. B. Gribanova
author_facet V. V. Spitsin
L. Yu. Spitsina
E. B. Gribanova
author_sort V. V. Spitsin
title Modeling the influence of age on the technical efficiency by sector and time periods
title_short Modeling the influence of age on the technical efficiency by sector and time periods
title_full Modeling the influence of age on the technical efficiency by sector and time periods
title_fullStr Modeling the influence of age on the technical efficiency by sector and time periods
title_full_unstemmed Modeling the influence of age on the technical efficiency by sector and time periods
title_sort modeling the influence of age on the technical efficiency by sector and time periods
publisher Publishing House of the State University of Management
publishDate 2021
url https://doaj.org/article/1bbb17cfb78540298636a696313779fa
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