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Productivity Growth in UK Accountancy Departments 1989–96
Author(s) -
Glass J. Colin,
McKillop Donal G.,
O'Rourke Gary
Publication year - 1997
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/1468-0408.00041
Subject(s) - productivity , frontier , technical change , accounting , stochastic frontier analysis , data envelopment analysis , quality (philosophy) , economics , business , production (economics) , macroeconomics , political science , mathematics , statistics , philosophy , epistemology , law
The study investigates productivity change in UK accountancy departments over the period 1989–1996, with this change being decomposed into ‘change in efficiency’ and ‘technical change’. Efficiency change is also decomposed into changes in scale efficiency, output congestion and purely technical efficiency. To empirically assess the relative efficiency of each department, in transforming its monetary budget into teaching and research outputs, DEA techniques are utilized so as to enable comparison with a ‘best practice’ frontier. In doing this, the results of the 1989, 1992 and 1996 Research Assessment Exercises are incorporated so as to take account of the quality of research output.