The Measurement of Efficiency with Special Reference to Retailing


The thesis deals with two areas: Marketing and Finance and it shows the interconnection between them. The starting point is an examination of the behaviour of the channel of distribution. A behaviour model of typical channels is developed which, empirically tested, supports the theoretical model. In the present thesis, an attempt was first made to investigate another hypothesis concerning the efficiency of firms in the given channel of distribution. More specifically, the question arises, is an efficient distributor linked with efficient suppliers and vice versa? Unfortunately, both suppliers and distributors were unwilling to disclose data required for such a study. The thesis therefore investigates the question of the measurement of efficiency from a different angle, departing from Marketing. It discusses at some length other methodologies concerned and presents the difficulties of using them. It shows that in order to effect a comprehensive measurement one should consider a map of utility indifference curves. The model developed is a combination of a number of other theories, mainly those presented by 1) Dunning and Rowan (157) which suggest the use of utility curves rather than production curves, and 2) Amey (I) who offers another concept - the comparison of ex-post with ex-ante profit. In the light of these considerations the model developed in this thesis utilizes stock market data in order to estimate ex-ante profits. For this reason the portfolio theory is employed. The model is empirically tested on a sample of public companies for a ten-year period, while techniques are developed in order to deal with such data.

Divisions: College of Business and Social Sciences > Aston Business School
Additional Information: Copyright © Bar-Yosef, 1973. S.I. Bar-Yosef asserts their moral right to be identified as the author of this thesis. This copy of the thesis has been supplied on condition that anyone who consults it is understood to recognise that its copyright rests with its author and that no quotation from the thesis and no information derived from it may be published without appropriate permission or acknowledgement. If you have discovered material in Aston Publications Explorer which is unlawful e.g. breaches copyright, (either yours or that of a third party) or any other law, including but not limited to those relating to patent, trademark, confidentiality, data protection, obscenity, defamation, libel, then please read our Takedown Policy and contact the service immediately.
Institution: Aston University
Uncontrolled Keywords: measurement,efficiency,retailing
Last Modified: 08 Dec 2023 08:02
Date Deposited: 09 Feb 2011 13:09
Completed Date: 1973
Authors: Bar-Yosef, Sasson I.

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