Inefficiency causes and resolutions towards financial success of Singapore manufacturing enterprises

Abstract

This study estimates the profitability and marketability efficiencies’ scores and determinants of 114 Singapore listed manufacturing firms from 2007 to 2018 by adopting bootstrapped two-stage data envelopment analysis (DEA) as well as one- and two-part fractional regression models. The study reveals that the average marketability efficiency of Singapore listed manufacturing firms (0.881) is lower than the average profitability efficiency (0.970) during the study period. Further, the results show that the length of listing, headcount, institutional ownership, leverage ratio and high-technology production statistically affect the profitability and marketability efficiencies of Singapore listed manufacturing firms.