Measuring Arbitrage Opportunities A Minimum Performance Inefficiency Estimation Technique

被引:15
作者
Anokhin, Sergey
Troutt, Marvin D. [1 ]
Wincent, Joakim [2 ]
Brandyberry, Alan A.
机构
[1] Kent State Univ, Dept Management & Informat Syst, Coll Business, Kent, OH USA
[2] Lulea Univ Technol, Lulea, Sweden
关键词
ENTREPRENEURSHIP; OWNERSHIP; UNITS;
D O I
10.1177/1094428109337541
中图分类号
B849 [应用心理学];
学科分类号
040203 ;
摘要
Entrepreneurs respond to opportunities that come in two basic forms: innovation and arbitrage. This article presents a technique called the minimum performance inefficiency (MPI) estimation method that could be used to estimate arbitrage opportunities. The technique has several advantages over the conceptually similar data envelopment analysis (DEA) and other techniques. The authors validate the technique with a well-known data set and illustrate its use based on secondary data from the publishing industry.
引用
收藏
页码:55 / 66
页数:12
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