Technical efficiency analysis of oil companies in the Republic of Serbia
Bibliographic Data
| ID | 15066883 |
|---|---|
| Authors | Snežana Radukić (0000-0001-5636-2893, University of Nis, corresponding author), Milan Veselinović (0000-0003-1362-4405, Academy of Professional Studies KM, University of Priština, Leposavic, Republic of Serbia), Ivana Marjanović (0000-0002-9526-0467, University of Nis) |
| Year | 2023 |
| Volume | 36 |
| Issue | 1 |
| Publication date | 2023-03-31 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2023.2180051 |
| OpenAlex | W4323670295 |
| Language | EN |
| References cited | 37 |
The subject of this paper is the assessment of the efficiency of oil companies operating in the Republic of Serbia. This paper presents the possibilities of applying non-parametric methods in researching the efficiency of oil companies in the Serbian market. In addition to the standard variables for measuring technical efficiency, the market share should be taken into account, because the oil market is an example of an imperfect competition market. By applying the quantitative-analytical method (Data Envelopment Analysis), obtained results show the development of the efficiency of oil companies in the relevant market, and indicate that the efficiency of oil companies improved during the analysed period. However, the results also indicate that there is still a problem of misallocation of resources. The reasons for this outcome are interesting and debatable for this industrial area
Business · Data envelopment analysis · Economics · Imperfect · Imperfect competition · Industrial organization · Microeconomics · Serbian · Efficiency Analysis Using DEA · Market Dynamics and Volatility · Mathematics · Mining Techniques and Economics
| Citation velocity | historical |
|---|---|
| Highly cited | No |