EVALUATING EFFICIENCY IN THE FRAMEWORK OF RESOURCE-BASED VIEW OF THE FIRM. EVIDENCE FROM POLISH AND SPANISH TEXTILE AND CLOTHING INDUSTRY

The purpose of the study is to evaluate the performance of firms, efficiency in particular, in the framework of resource-based view of the firm, increasingly important school of thought in strategic management field, to address the question of why some firms are performing better than others. As a research setting the study compromises the sample of firms in textile and clothing industry for the time period 1998-2001, across two distinct countries – Poland and Spain. In particular, this paper is analytically linking three important concepts of resource-based view, meaning intangible assets, tangible assets and firms age with efficiency. In addition, we compare the results obtained when applying another measure of performance, used very often in RBV studies – return on assets (ROA). The results obtained with efficiency as dependent variable seem to be more relevant than the ones when RO