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Volume 10 article 241 pages: 221 - 225
Trends of allocative
efficiency and covariate of firm size and efficiency of quality management(QM)
factors in the Serbian industry were tested on the unbalanced panel sample of
48 industrial firms from 12 industrial sectors in the period 2004-2009. The
obtained results show that 10 of 12 sectors have a positive covariate of
participation in the output market and multi-factor productivity. Covariates of
firm size and efficiency of all QM factors record the same direction in the
chemicals sector (positive) and motor vehicles (negative), which means that in
those two sectors larger companies had above-average and/or below-average
efficient TQM. The same (positive) trend of allocative efficiency and
covariates of all QM factors was recorded in manufacture of chemical industry.
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