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Institutional complexity and managerial efficiency: a theoretical model and an empirical application

Forrest, David and Jara, Miguel and Paolini, Dimitri and Tena Horrillo, Juan de Dios (2010) Institutional complexity and managerial efficiency: a theoretical model and an empirical application. Cagliari, CRENoS-CUEC. p. 18 (Working Papers CRENoS, 2010, 5). ISBN 978-88-84-67-574-3. Working Paper.

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This paper studies the effect of the level of a firm?s resources on managerial inefficiency. We motivate our analysis with a theoretical model which predicts that better resourced and therefore more complex institutions tend to be more likely to generate x-inefficiency. The empirical analysis estimates stochastic production frontiers for Chilean and Italian football and finds that, consistent with the theoretical predictions, team performance in the Chilean League is mainly explained by institutional factors related to the level of resources available to a club whereas team performance in the Italian League appears in addition to be related to technical decisions taken by management.

Item Type:Working Paper
ID Code:5635
Uncontrolled Keywords:Managerial efficiency, stochastic production frontier, port economics
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/05 Econometria
Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Copyright Holders:© CUEC 2010
Publisher Policy:Depositato per gentile concessione del CRENoS e di CUEC
Deposited On:23 Feb 2011 09:49

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