Title Page
Contents
Abstract 6
I. Introduction 7
II. Theoretical background 9
1. Pharmaceutical market overview 9
2. Measuring a company's efficiency 17
3. Literature review 20
III. Empirical model 24
1. Efficiency measurement of pharmaceutical firms 24
2. Data 27
IV. Empirical results and discussions 29
V. Conclusion 59
1. Summary 59
2. Policy implication 60
Reference 62
국문 초록 64