Regional Firm Performance: The Case of Greece

  • Christos Floros, Zacharias Voulgaris, Christos Lemonakis
  • Procedia Economics and Finance, January 2014, Elsevier
  • DOI: 10.1016/s2212-5671(14)00704-7

Performance of Greek Manufacturing Firms

What is it about?

Manufacturing plays a significant role in all economies and are the key generators of employment and income and the drivers of innovation and growth. The scope of the present study is to analyze the performance of the Greek manufacturing firms by sectors (NACE 2 digit sector classification) and by region, based on firm level data. We investigate the effect of certain factors, such as size, age and exports on the efficiency of all manufacturing sectors in Greece. The research is based on financial data of a large sample of 3600 Greek industrial firms, for a time span of 9 years (2003-2011). Econometric modeling is used to investigate the effect of age, size and exports on firm level efficiency, for each region.

Why is it important?

We find that there is a negative effect of exports on efficiency scores, while a positive relation between size and efficiency scores is reported.


Assistant Prof. Christos Lemonakis (CPA, CMA)
Hellenic Mediterranean University

This mpirical research with the use of DEA analysis attempts to rate the 13 Greek regions based on their firm efficiency levels and explains the reasons behind the differentiation in performance.

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The following have contributed to this page: Assistant Prof. Christos Lemonakis (CPA, CMA)