Kerimodou et al. (2013:655) report the results of their research as follows:
This study was designed to identify the relationship between
technical efficiency and profitability in the Greek meat processing
industry for the period 1994-2007 by using the new performance
decomposition model proposed of Chen et al. (2009). Results showed
the firms with a higher technical efficiency were not usually the best
performers in profitability.
This study was designed to identify the relationship between
technical efficiency and profitability in the Greek meat processing
industry for the period 1994-2007 by using the new performance
decomposition model proposed of Chen et al. (2009). Results showed
the firms with a higher technical efficiency were not usually the best
performers in profitability.
Discuss whether benchmarking to achieve greater efficiency should lead to
greater profitability.
