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| Author: | Tsekouras, K. (et al.) |
| Title: | Back to basics: The Comanor-Wilson MES index revisited |
| Journal: | Small business economics
2009 : JAN, VOL. 32:1, p. 111-120 |
| Index terms: | entrepreneurship small business manufacturing Greece |
| Language: | eng |
| Abstract: | This article aims at examining the validity of the Comanor–Wilson Minimum Efficient Size (MES) measure. Using Data Envelopment Analysis (DEA) on a sample of firms in three Greek manufacturing industries, firms are classified in operation according to increasing or non-increasing returns to scale (here as: r-to-s). On the basis of the results of the DEA input oriented model, the MES measure correctly predicts over 85 percent of the cases. A probit model is applied to those cases that are not identically predicted by MES concerning r-to-s. It is found that technical efficiency, size and age are the factors compelling MES to produce the same prediction as the DEA approach. |
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