This study evaluates the technical efficiency, productivity change of financial companies listed in the Malaysian stock exchange (Bursa Malaysia) and examines the effects of productivity change on efficiency over the period 2007–2016. Moreover, this study also concentrates on the ranking of financial companies according to their efficiency scores. Data Envelopment Analysis (DEA) is uti-lized on a Malmquist Productivity Index in order to calculate the financial companies’ efficiency scores. The results of this study show that some firms were fully efficient. The results implied that these companies were in optimal control of their inputs or resources to generate the maximum outputs. Also, the results indicate a tremendous productivity gain was mostly because of a positive shift in frontier technology and positive shift in technical efficiency. This study is significant because it helps to identify the efficient companies from the financial sector in Malaysia based on multiple inputs and outputs by using the DEA model. Common misspecification problems observed that instability of efficiency scores over productivity.

Measuring relative efficiency of various universities has been a subject for years. In fact, when there is a growing competition among educational units, it is important to find facts on each university for making managerial decisions. In this paper, we present an empirical study to measure the relative efficiencies among different private universities in Iran. The proposed study of this paper uses data envelopment analysis along with Malmquist productivity index to measure the relative efficiencies of these units over the period 2004-2007. The method uses three inputs including number of students, number of university professors and the number of employees. The model also includes the number of educated people as well as research outputs for outputs of the DEA model. The results indicate that there are some big gaps among various units in terms of the number of research products and the number of graduated students.