Creating corporate knowledge: econometric analysis of resource productivity

Abstract

Purpose: the research proposes the method to create organizational and economic knowledge through econometric analysis. Discussion: the article points to the necessity and importance of creating, disseminating and using new knowledge to improve corporate innovativeness and competitiveness. One of the ways for cognitive providing of management may become application of panel data models, which measure and identify effectiveness drivers of business processes. The author tries to prove the necessity to use modern methods of applied analysis in business process management. Results: the paper proposes technical approach to measuring resource productivity drivers based on the panel data models adjusted for differences between economic entities. Empirical study made by means of Gretl program package proved their applicability to business process management in oil and gas extracting companies.