Seminario 22/11: Magdalena Kapelko (Wroclaw University of Economics and Business) – Measuring Firms’ Dynamic Inefficiency Accounting for Corporate Social Responsibility in the US Food and Beverage Manufacturing Industry


  • Ponente: Magdalena Kapelko (Department of Logistics, Wroclaw University of Economics and Business, Poland)
  • Fecha: 12/jul/2022 - 13:00 horas
  • Lugar: Magdalena Kapelko (Department of Logistics, Wroclaw University of Economics and Business, Poland)


This article proposes an innovative approach to evaluate firms’ inefficiency accounting for corporate social responsibility (CRS) activities of firms. In the first step, we estimate dynamic inefficiency for each input, marketable output, CSR output and investment using Data Envelopment Analysis. Dynamic inefficiency measure accounts for the confounding role of adjustment costs related with firms’ investments. Next, we explore differences in inefficiencies between groups of firms of which participation is determined using latent class analysis with a set of covariates reflecting firm size, leverage, market to book ratio, ROA, R&D and advertising expenses and time trend. The empirical application focuses on the United States food and beverage manufacturing firms over the period 2004-2018. The results show the worst efficiency results for investments, followed by CSR and marketable outputs, while the largest efficiency is found for costs and labor. Furthermore, the results distinguish three classes of firms that differ in terms of their inefficiency, their association with external covariates as well as in their input-output profiles.

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