A DEA methodology to evaluate the impact of information asymmetry on the efficiency of not-for-profit organizations with an application to higher education in Brazil

作者：Figueiredo de Franca Jose Mairton; de Figueiredo Joao Neiva^*; Lapa Jair dos Santos

来源：Annals of Operations Research, 2010, 173(1): 39-56.

DOI：10.1007/s10479-009-0536-1

• Agency theory
• Organizational efficiency
• Information asymmetry
• Moral hazard
• Not-for-profit organizations
• Data envelopment analysis

This paper presents a conceptual framework and an analytical DEA model for evaluating the impact of information asymmetry on organizational efficiency. The framework uses concepts from agency theory to estimate the extent of moral hazard by comparing the objectives of the principal to those of the agent. The framework and model are useful in the analysis of both for-profit and not-for-profit organizations because DEA is applicable whether or not inputs and/or outputs are subject to pricing mechanisms. An illustration focusing on the Brazilian not-for-profit federal university system finds that the agency problem indeed exists for a subset of those institutions, indicating the desirability of improved incentive and control mechanisms on the part of the principal.

• 出版日期2010-1