RT info:eu-repo/semantics/article T1 Profit efficiency and its determinants in small and medium-sized enterprises in Spain A1 Arbelo Pérez, Marta A1 Pérez Gómez, María del Pilar A1 Arbelo Álvarez, Antonio Manuel A2 Dirección de Empresas e Historia Económica A2 Grupo de investigación: Eficiencia y ventaja competitiva. Instituto de investigación: Instituto Universitario de la Empresa (IUDE). K1 Profit efficiency K1 Stochastic frontier K1 SMEs AB This paper estimates profit efficiency and its determinants in small and mediumsized manufacturing enterprises in Spain. The stochastic frontier methodology and the model proposed by Battese and Coelli (1995) were used to determine the impact of the technological and environmental differences between these companies on their efficiency. The results indicate that the average profit efficiency of food SMEs is 49.37%. The results also reveal that company size, export orientation, government assistance and labour productivity are all positively related to the efficiency of food SMEs; age, however, is negatively related. Finally, the strategic implications of these findings are discussed. YR 2018 FD 2018 LK http://riull.ull.es/xmlui/handle/915/38737 UL http://riull.ull.es/xmlui/handle/915/38737 LA en DS Repositorio institucional de la Universidad de La Laguna RD 17-feb-2025