Application of the DEA Double Bootstrap to Analyze Efficiency in Galician Sheltered Workshops

Sheltered workshops (SW), as social enterprises, need to be efficient and maintain a balance between social aspects and economic prosperity. An important part of research on the subject has been focused on measuring the economic value created by these entities. In this study, we analyzed performance...

Full description

Bibliographic Details
Main Authors: María-Celia López-Penabad, José Manuel Maside-Sanfiz, Juan Torrelles Manent, Ana Iglesias-Casal
Format: Article
Language:English
Published: MDPI AG 2020-08-01
Series:Sustainability
Subjects:
Online Access:https://www.mdpi.com/2071-1050/12/16/6625
id doaj-c2ad0909e85a4dc7bf87085b7e5f57e6
record_format Article
spelling doaj-c2ad0909e85a4dc7bf87085b7e5f57e62020-11-25T03:20:16ZengMDPI AGSustainability2071-10502020-08-01126625662510.3390/su12166625Application of the DEA Double Bootstrap to Analyze Efficiency in Galician Sheltered WorkshopsMaría-Celia López-Penabad0José Manuel Maside-Sanfiz1Juan Torrelles Manent2Ana Iglesias-Casal3Faculty CC. Economics and Business, USC, 15782 Santiago de Compostela, SpainFaculty CC. Economics and Business, USC, 15782 Santiago de Compostela, SpainFaculty CC. Economics and Business, USC, 15782 Santiago de Compostela, SpainFaculty CC. Economics and Business, USC, 15782 Santiago de Compostela, SpainSheltered workshops (SW), as social enterprises, need to be efficient and maintain a balance between social aspects and economic prosperity. An important part of research on the subject has been focused on measuring the economic value created by these entities. In this study, we analyzed performance of SWs in Galicia (Spain), from the point of view of efficiency, combining social and economic aspects and investigating its key determinants. Using panel data from 609 entities from 2008 to 2017, we followed Simar and Wilson’s two-stage approach (2007). Specifically, we used data envelopment analysis (DEA) at the first stage to estimate efficiency scores and then used truncated regression estimation with double-bootstrap to test the significance of explanatory variables. Our results show that SWs have high levels of performance, higher in economic than in social terms, and we found that several factors, such as size and age, positively influence total, economic and social efficiency individually. We also found a positive, significant relationship between social efficiency and economic profitability.https://www.mdpi.com/2071-1050/12/16/6625social enterprisessheltered workshopsperformance evaluationdata envelopment analysisefficiency determinantstwo-stage bootstrap Simar and Wilson procedure
collection DOAJ
language English
format Article
sources DOAJ
author María-Celia López-Penabad
José Manuel Maside-Sanfiz
Juan Torrelles Manent
Ana Iglesias-Casal
spellingShingle María-Celia López-Penabad
José Manuel Maside-Sanfiz
Juan Torrelles Manent
Ana Iglesias-Casal
Application of the DEA Double Bootstrap to Analyze Efficiency in Galician Sheltered Workshops
Sustainability
social enterprises
sheltered workshops
performance evaluation
data envelopment analysis
efficiency determinants
two-stage bootstrap Simar and Wilson procedure
author_facet María-Celia López-Penabad
José Manuel Maside-Sanfiz
Juan Torrelles Manent
Ana Iglesias-Casal
author_sort María-Celia López-Penabad
title Application of the DEA Double Bootstrap to Analyze Efficiency in Galician Sheltered Workshops
title_short Application of the DEA Double Bootstrap to Analyze Efficiency in Galician Sheltered Workshops
title_full Application of the DEA Double Bootstrap to Analyze Efficiency in Galician Sheltered Workshops
title_fullStr Application of the DEA Double Bootstrap to Analyze Efficiency in Galician Sheltered Workshops
title_full_unstemmed Application of the DEA Double Bootstrap to Analyze Efficiency in Galician Sheltered Workshops
title_sort application of the dea double bootstrap to analyze efficiency in galician sheltered workshops
publisher MDPI AG
series Sustainability
issn 2071-1050
publishDate 2020-08-01
description Sheltered workshops (SW), as social enterprises, need to be efficient and maintain a balance between social aspects and economic prosperity. An important part of research on the subject has been focused on measuring the economic value created by these entities. In this study, we analyzed performance of SWs in Galicia (Spain), from the point of view of efficiency, combining social and economic aspects and investigating its key determinants. Using panel data from 609 entities from 2008 to 2017, we followed Simar and Wilson’s two-stage approach (2007). Specifically, we used data envelopment analysis (DEA) at the first stage to estimate efficiency scores and then used truncated regression estimation with double-bootstrap to test the significance of explanatory variables. Our results show that SWs have high levels of performance, higher in economic than in social terms, and we found that several factors, such as size and age, positively influence total, economic and social efficiency individually. We also found a positive, significant relationship between social efficiency and economic profitability.
topic social enterprises
sheltered workshops
performance evaluation
data envelopment analysis
efficiency determinants
two-stage bootstrap Simar and Wilson procedure
url https://www.mdpi.com/2071-1050/12/16/6625
work_keys_str_mv AT mariacelialopezpenabad applicationofthedeadoublebootstraptoanalyzeefficiencyingalicianshelteredworkshops
AT josemanuelmasidesanfiz applicationofthedeadoublebootstraptoanalyzeefficiencyingalicianshelteredworkshops
AT juantorrellesmanent applicationofthedeadoublebootstraptoanalyzeefficiencyingalicianshelteredworkshops
AT anaiglesiascasal applicationofthedeadoublebootstraptoanalyzeefficiencyingalicianshelteredworkshops
_version_ 1724618499259629568