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Author

L. Spitsina

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Oct 2026

Technical efficiency and firm profitability in Russian manufacturing: leverage, firm age and two-stage DEA evidence

This study aims to examine when technical efficiency leads to firm profitability. Prior research reports mixed efficiency–performance evidence; the authors argue that this relationship is nonlinear and conditioned by firms’ ability to capture value from efficiency gains. The analysis uses a balanced panel of...

M. Gasanov, V. Spitsin, N. Martyushev et al. · 0 citations

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