Abstract: In this study, the performance analyses of the twenty
five Coal-Fired Power Plants (CFPPs) used for electricity generation
are carried out through various Data Envelopment Analysis (DEA)
models. Three efficiency indices are defined and pursued. During the
calculation of the operational performance, energy and non-energy
variables are used as input, and net electricity produced is used as
desired output (Model-1). CO2 emitted to the environment is used as
the undesired output (Model-2) in the computation of the pure
environmental performance while in Model-3 CO2 emissions is
considered as detrimental input in the calculation of operational and
environmental performance. Empirical results show that most of the
plants are operating in increasing returns to scale region and Mettur
plant is efficient one with regards to energy use and environment.
The result also indicates that the undesirable output effect is
insignificant in the research sample. The present study will provide
clues to plant operators towards raising the operational and
environmental performance of CFPPs.
Abstract: This paper employs a the variable returns to scale DEA
model to take account of risky assets and estimate the operating
efficiencies for the 21 domestic listed securities firms during the
period 2005-2009. Evidence is found that on average the brokerage
securities firms- operating efficiencies are better than integrated
securities firms. Evidence is also found that the technical inefficiency
from inappropriate management constitutes the main source of the
operating inefficiency for both types of securities firms. Moreover, the
scale economies prevail in brokerage and integrated securities firms,
in other words, which exhibit the characteristic of increasing returns to
scale.
Abstract: In association with path dependence, researchers often
talk of institutional “lock-in", thereby indicating that far-reaching
path deviation or path departure are to be regarded as exceptional
cases. This article submits the alleged general inclination for stability
of path-dependent processes to a critical review. The different
reasons for path dependence found in the literature indicate that
different continuity-ensuring mechanisms are at work when people
talk about path dependence (“increasing returns", complementarity,
sequences etc.). As these mechanisms are susceptible to fundamental
change in different ways and to different degrees, the path
dependence concept alone is of only limited explanatory value. It is
therefore indispensable to identify the underlying continuity-ensuring
mechanism as well if a statement-s empirical value is to go beyond
the trivial, always true “history matters".