Incorporating financial ratios in DEA - an application to goat farming data. A critical examination Online publication date: Mon, 24-Jan-2022
by Maria Tsiouni; Alexandra Pavloudi; Stamatis Aggelopoulos; Christos Konstantinidis
International Journal of Critical Accounting (IJCA), Vol. 12, No. 5, 2021
Abstract: Goat farming in Greece, is practiced in disadvantaged regions that cannot be otherwise valorised. For these areas, goat farming is one of the main economics activities. Despite the significance of the sector, goat farming shows low efficiency and competitiveness and this is due to the high production costs. Most farms in Greece operate under increasing scale. The goal of this paper is to present how corporate performance can be measured - using data envelopment analysis (DEA) method - with financial indexes. DEA is a useful technique that measures the efficiency. However, the lack of the ability to attend to ratio measures is an ongoing challenge in DEA. In this paper there is a combination of DEA and financial ratios and that has many advantages. It is implemented by a specific procedure that is called directional distance function, and the main advantage of this method, belonging to the class of non-radial approach, is the flexibility.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Critical Accounting (IJCA):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook