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...
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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 |
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