Efficiency indicators in different dimension

Efficiency indicators in different dimension

by András Nábrádi, Károly Pető, Viktória Balogh, Erika Szabó, Andrea Bartha, Krisztián Kovács

There are several variations of efficiency definitions and of course ratios concerned with efficiency. A better understanding of the notion of efficiency is critical to dissolve ambiguity about it. Many confuse efficiency with other supposedly synonymous notions such as profitability, successfulness, competitiveness, liquidity or productivity. This ambiguity originates not only in subjective reasons, but the lack of hierarchical order among certain ideas. The primary driver in our research is, to systematize efficiency in general, and formulate a new categorical approach of the efficiency in corporate level.

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