Publication:
The Impact Of Technical Efficiency On Firms’ Value: The Case Of The Halal Food And Beverage Industry In Selected Countries

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dc.contributor.authorSylva Alif Rusmita
dc.contributor.authorSiti Zulaikha
dc.contributor.authorNur Syazwani Mazlan
dc.contributor.authorNuradli Ridzwan Shah Bin Mohd Dali
dc.contributor.authorEko Fajar Cahyono
dc.contributor.authorIndria Ramadhani
dc.date.accessioned2024-06-16T06:32:27Z
dc.date.available2024-06-16T06:32:27Z
dc.date.issued2023
dc.date.submitted2024-1-5
dc.descriptionPLoS ONE Volume 18 Issue 11 Page (1-26)
dc.description.abstractThe market for the halal food and beverage industry sector has experienced rapid growth in recent years, which indicate excellent investment opportunities. This paper examine the effect of Technical Efficiency (TE) on firm value in 5 selected influential countries in halal food and beverage sector based on Global Islamic Economy Report 2020. Two steps estimation was used to run the data, using the Stochastic Frontier Analysis (SFA) model to determine the company’s TE and panel data to test the effect of TE through firm value. The results show that Indonesia has the highest score for TE (62%), followed by Pakistan (59%), South Africa (57%), Malaysia (55%), and Singapore (52%), which means, in general, there is inefficiency in allocating resources over 38% up to 48% and needs to be improved by halal food and beverage companies in. Regarding panel data, all countries sample except Pakistan highlight that TE significantly affect company value. It indicates that the crucial part of managing efficiency can be a sign in stock market performance. The result shows that company managers should set efficiency strategies to their business process for creating sustainability and increase their value in the capital market. As for investors, this TE can be used as an indicator before choosing company stocks; if the company is efficient, then it is worthy of being one of the portfolio assets. Form the government side, the finding can help them to set appropriate policy setting to boost halal food and beverages industry such as giving subsidy or incentive to increase the efficiency ability of halal food and beverage companies and identify the industry’s strength by comparing the result of TE between 5 countries.
dc.identifier.citationSylva Alif Rusmita , Siti Zulaikha, Nur Syazwani Mazlan , Nuradli Ridzwan Shah Bin Mohd Dali , Eko Fajar Cahyono , Indria Ramadhani (2023) The impact of technical efficiency on firms’ value: The case of the halal food and beverage industry in selected countries. PLoS ONE 18(11): e0286629. https://doi.org/10.1371/journal.pone.0286629
dc.identifier.doi10.1371/journal.pone.0286629
dc.identifier.epage26
dc.identifier.issn1932-6203
dc.identifier.issue11
dc.identifier.other573-69
dc.identifier.spage1
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/19739
dc.identifier.urihttps://journals.plos.org/plosone/article?id=10.1371/journal.pone.0286629
dc.identifier.volume18
dc.language.isoen_US
dc.publisherPlos One
dc.relation.ispartofPloS one
dc.relation.issn1932-6203
dc.relation.journalPLOS ONE
dc.subjecttechnical efficiency
dc.subjecthalal food
dc.subjectbeverage
dc.titleThe Impact Of Technical Efficiency On Firms’ Value: The Case Of The Halal Food And Beverage Industry In Selected Countries
dc.typetext::journal::journal article
dspace.entity.typePublication
oaire.citation.endPage26
oaire.citation.issue11
oaire.citation.startPage1
oaire.citation.volume18
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#
oairecerif.author.affiliationUniversiti Sains Islam Malaysia
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#

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