#9920. Vertical integration vs. specialization: a nonparametric conditional efficiency estimate for the global semiconductor industry

September 2026publication date
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Social Sciences (miscellaneous);
Economics and Econometrics;
Business and International Management;
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More details about the manuscript: Science Citation Index Expanded or/and Social Sciences Citation Index
Abstract:
This paper applies a two-stage nonparametric approach to compare companies operating in different business models in the global semiconductor industry. Using panel data over 1999–20XX on 470 companies in the global semiconductor industry, we explore the operating performance of the semiconductor companies conditional on capital investment and between the integrated device manufacturers and the fabless-foundry business model.
Keywords:
Capital investment; Nonparametric frontiers; Pure efficiency; Semiconductor industry; Two-stage conditional efficiency analysis

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