The economic crisis and efficiency change: evidence from the Korean construction industry

References

• Abrahamson , E and Park , C . 1994 . Concealment of negative organizational outcomes: an agency theory perspective . Academy of Management Journal , 37 : 1302 – 34 .
   Web of Science ®Google Scholar
• Agrawal , A and Knoeber , CR . 1996 . Firm performance and mechanisms to control agency problems between managers and shareholders . Journal of Financial and Quantitative Analysis , 31 : 377 – 97 .
   Web of Science ®Google Scholar
• Aly , HY , Grabowski , R , Pasurka , C and Rangan , N . 1990 . Technical, scale, and allocative efficiencies in U.S. banking: an empirical investigation . Review of Economics and Statistics , 72 : 211 – 8 .
   Web of Science ®Google Scholar
• Banker , RD . 1993 . Maximum likelihood, consistency and data envelopment analysis: a statistical foundation . Management science , 39 : 1265 – 73 .
   Web of Science ®Google Scholar
• Charnes , A , Cooper , WW and Rhodes , E . 1978 . Measuring the efficiency of decision making units . European Journal of Operational Research , 2 : 429 – 44 .
   Web of Science ®Google Scholar
• Cherchye , L . 2001 . Using data envelopment analysis to assess macroeconomic policy performance . Applied Economics , 33 : 407 – 16 .
   Web of Science ®Google Scholar
• Cummins , JD and Zi , H . 1998 . Comparison of frontier efficiency methods: an application to the U.S. life insurance industry . Journal of Productivity Analysis , 1 : 131 – 52 .
   Web of Science ®Google Scholar
• Färe , R , Grosskopf , S and Lovell , CK . 1985 . The Measurement of Efficiency of Production , Boston : Kluwer Academic Publishers .
   Google Scholar
• Farrel , MJ . 1957 . The measurement of productive efficiency . Journal of the Royal Statistical Society , CXX : 253 – 81 .
   Google Scholar
• Girardone , C , Molyneux , P and Gardener , EPM . 2004 . Analyzing the determinants of bank efficiency: the case of Italian banks . Applied Economics , 36 : 215 – 27 .
   Web of Science ®Google Scholar
• Hammond , CJ . 2002 . Efficiency in the provision of public services: a data envelopment analysis of UK public library systems . Applied Economics , 34 : 649 – 57 .
   Web of Science ®Google Scholar
• Jensen , MC . 1986 . Agency costs of free cash flow, corporate finance and takeovers . American Economic Review , 76 : 323 – 9 .
   Web of Science ®Google Scholar
• Kochhar , R and David , P . 1996 . Institutional investors and firm innovation: a test of competing hypotheses . Strategic Management Journal , 17 : 73 – 84 .
   Web of Science ®Google Scholar
• Lewellen , WG . 1971 . A pure financial rationale for the conglomerate merger . Journal of Finance , 26 : 521 – 37 .
   Web of Science ®Google Scholar
• Lien , D and Peng , Y . 1999 . Measuring the efficiency of search engines: an application of data envelopment analysis . Applied Economics , 31 : 1581 – 7 .
   Web of Science ®Google Scholar
• Maeil Business Newspaper . 1998 . Reinventing Korea: productivity-led Growth for Korea , Korea : Seoul .
   Google Scholar
• Mobley , LR and Magnussen , J . 1998 . An international comparison of hospital efficiency: does institutional environment matter? . Applied Economics , 30 : 1089 – 100 .
   Web of Science ®Google Scholar
• Papahristodoulou , C . 1997 . A DEA model to evaluate car efficiency . Applied Economics , 29 : 1493 – 508 .
   Web of Science ®Google Scholar
• Pedrajs-Chaparro , F and Salinas-Jimnez , J . 1996 . An assessment of the efficiency of Spanish courts . Applied Economics , 28 : 1391 – 403 .
   Web of Science ®Google Scholar
• Piot-Lepett , I , Vermersch , D and Weaver , RD . 1997 . Agriculture's environmental externalities: DEA evidence for French agriculture . Applied Economics , 23 : 331 – 8 .
   Web of Science ®Google Scholar
• Rosko , MD . 1990 . Measuring technical efficiency in health care organizations . Journal of Medical Systems , 14 : 307 – 22 .
   PubMedGoogle Scholar
• Schleifer , A and Vishny , RW . 1989 . Managerial entrenchment: the case of manager-specific investments . Journal of Financial Economics , 25 : 123 – 39 .
   Web of Science ®Google Scholar
• Stulz , RM . 1990 . Managerial discretion and optimal financing policies . Journal of Financial Economics , 26 : 3 – 27 .
   Web of Science ®Google Scholar
• Tulacz , G . 2000 . “ World market overview: a look at a $3.4 trillion market ” . In Engineering News-Record December 4
   Google Scholar