PERFORMANCE EVALUATION OF PROPERTY AND REAL ESTATE COMPANIES LISTED ON INDONESIA STOCK EXCHANGE USING DATA ENVELOPMENT ANALYSIS
Abstract: This paper
aimed to evaluate
perfomance of property
and real estate
companies listed in
Indonesia Stock Exchange using
the DEA method.
Samples were 23
companies listed from
2009–2012. Results showed that
some companies are relatively efficient each year. However, only one company
consistently had technical efficiency equal to 1. The main cause of
inefficiency from 2009–2011 was scale inefficiency while inefficiency happened
in 2012 was pure technical inefficiency. Overall the companies operate
efficiently un-der constant returns to scale is showing an increase from
17.39%–39.13%.
Author: Tessa V. Soetanto, Liem
Pei Fun
Journal Code: jpmanajemengg140138
