<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This article assesses the production efficiency of automotive sector companies in the V4 countries. The automotive sector has undergone dramatic changes in recent years, and its future development is still unclear. The assessment of company efficiency thus represents an important tool that could support decision-making on the future of this sector. Unfortunately, comprehensive studies based on micro-data on companies are not yet available. This article evaluates production (technical) efficiency based on accounting data of individual companies in the V4 countries using the parametric method of stochastic frontier analysis. In these analyses, efficiency is examined not only from the point of view of a country but also with respect to the size of a company. The empirical results show that not only country but also the size of a company are factors that have a statistically significant effect on company efficiency. Small companies struggle to keep up with their competitor and in general have the lowest efficiency ratings.</p>
</abstract>

This article assesses the production efficiency of automotive sector companies in the V4 countries. The automotive sector has undergone dramatic changes in recent years, and its future development is still unclear. The assessment of company efficiency thus represents an important tool that could support decision-making on the future of this sector. Unfortunately, comprehensive studies based on micro-data on companies are not yet available. This article evaluates production (technical) efficiency based on accounting data of individual companies in the V4 countries using the parametric method of stochastic frontier analysis. In these analyses, efficiency is examined not only from the point of view of a country but also with respect to the size of a company. The empirical results show that not only country but also the size of a company are factors that have a statistically significant effect on company efficiency. Small companies struggle to keep up with their competitor and in general have the lowest efficiency ratings.

Efficiency of the Automotive Industry in the Visegrad Group

Mendel University in Brno, Faculty of Business and Economics

Department of Statistics and Operation Analysis

LOGI – Scientific Journal on Transport and Logistics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Efficiency of the Automotive Industry in the Visegrad Group"}

This article assesses the production efficiency of automotive sector companies in the V4 countries. The automotive sector has undergone dramatic changes in...

Efficiency of the Automotive Industry in the Visegrad Group

Published Online: Jan 17, 2023

Page range: 12 - 23

Received: Aug 10, 2022

Accepted: Nov 23, 2022

DOI: https://doi.org/10.2478/logi-2023-0002

Keywords
Automotive, company, efficiency, stochastic frontier analysis

© 2023 Richard Kovárník et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Efficiency of the Automotive Industry in the Visegrad Group

Published Online: Jan 17, 2023

Page range: 12 - 23

Received: Aug 10, 2022

Accepted: Nov 23, 2022

DOI: https://doi.org/10.2478/logi-2023-0002

KeywordsAutomotive, company, efficiency, stochastic frontier analysis

© 2023 Richard Kovárník et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Automotive, company, efficiency, stochastic frontier analysis