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FINANCIAL CONSTRAINTS AND TECHNICAL EFFICIENCY: SOME EMPIRICAL EVIDENCE FOR ITALIAN PRODUCERS' COOPERATIVES
Author(s) -
Maietta Ornella Wanda,
Sena Vania
Publication year - 2010
Publication title -
annals of public and cooperative economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.526
H-Index - 37
eISSN - 1467-8292
pISSN - 1370-4788
DOI - 10.1111/j.1467-8292.2009.00404.x
Subject(s) - production (economics) , production–possibility frontier , frontier , sample (material) , business , industrial organization , production efficiency , economics , stochastic frontier analysis , microeconomics , mechanical engineering , chemistry , archaeology , chromatography , engineering , history
** : In this paper, we test the extent to which producers’ cooperatives can experience an increase in technical efficiency following a tightening of financial constraints. This hypothesis is tested on a sample of Italian conventional and cooperative firms for the wine production and processing sector, using frontier analysis. The results support the hypothesis that increasing financial pressure can affect positively the cooperatives efficiency.