Dissertation > Excellent graduate degree dissertation topics show

Comparative Study of Total Factor Productivity among China’s Iron and Steel Listed Companies

Author: FangCheng
Tutor: LiuChaoMa
School: Zhejiang University of Technology
Course: Business management
Keywords: DEA Efficiency Total Factor Productivity
CLC: F224
Type: Master's thesis
Year: 2011
Downloads: 69
Quote: 0
Read: Download Dissertation

Abstract


The healthy development of iron&steel industry’s scale and technology and efficiency is a vital factor to ensure the sustainable development of China’s industry. Total factor productivity (TFP) is an important international indicator of measuring sustainable economic growth, by the comparison of listed companies’ TFP in iron&steel industry, we analyze the problems and potentials of the industry’s development, this work has tremendous meaning for Chinese iron&steel industry to make scientific strategy in the future.First, the paper introduces theoretical basis of TFP, then chooses operating income、PBIT、raw steel output、gross wage and net fixed asset as indices, combines 25 listed companies’ data from 2005 to 2009 and uses DEA model to analyze the industrial efficiency. The research shows:(1)Through horizontal comparison, those companies’ efficiency vary in large scale,big companies’ combined efficiency doesn’t have advantages compared with small ones, nevertheless, the big ones perform much better at pure technical efficiency level;through vertical comparison, the financial crisis makes a great impact on industry’s efficiency, in 2009,most listed companies have been in drs stage;(2)According to the change of Returns to Scale, listed companies are divided into four kinds :growing、reformational、steady、and questionable ,reform is a must for enterprises from small to big and from big to strong;(3)Cross-border consolidation by market power proves to be a better way to enhance overall efficiency than regional combination by administrative force;(4)Judging by the change of Malmquist index, the industry’s efficiency does not act smoothly which fluctuates a lot, improvement of the industry’s TFP mainly relies on technical efficiency, while technical progress becomes its restraining factor;(5)Regression analysis indicates that the scale and the movement of the allocation of human resources and management of capital are adoptable determinants to explain the change of those listed companies’ TFP. Last, proposals are given to the iron&steel industry:(1)To enhance the quality of increasing industrial concentration, we should evaluate the companies’ scale and efficiency, eliminate institutional barriers and choose appropriate patterns of Mergers&Acquisitions; (2) State-owned enterprises should dare to boost structural reform ,hence cure ’empire disease ’,in the ways of achieving technical progress, they must emphasize much more on independent innovation;(3)The government should improve the industry ’s competitive mechanism and avoid market failures due to policy partiality.

Related Dissertations

  1. Research on High Efficiency Interior Permanent Magnet Synchronous Motor,TM341
  2. A Study about the Stock Index Future’s Influence on the Stock Market,F224
  3. Yunnan Province, human capital, the network structure of critical efficiency factor,F249.27
  4. The Design and Performance Simulation of External Valve Small Displacement Pump,TE933.3
  5. The Evaluation Research of a University’s Education Investment Benefit Based on the DEA,G647.5
  6. Analyiss on Dicharge Environment and the Effect of of Dust Electrostatic Coagualation,X701.2
  7. Study on the Exergy Analysis of Photosynthetic Biological Continuous Hydrogen Production System,TQ116.2
  8. The use of mathematical methods in language teaching,G633.3
  9. Research on Management Efficiency and Mechanism of Soil-Water Erosion in Changting,S157
  10. Effects of Spraying Thiophanate-methyl and Mancozeb on Nutrient Quality of Sesame,S565.3
  11. Studies on Agrobacterium-midiated Genetic Transformation in Brassica Campestris Subsp. Chinensis Var. Parachinensis,S634.5
  12. Study on Incentive Mechanism of Grassroots Civil Servants,D630.3
  13. CC Oil Production Plant Optimization pay system,F426.22
  14. University teachers to improve resource utilization efficiency is extremely Approaches,G645.1
  15. The Value Simulation of the Filtration Process by Fiber Filter Materials,TB34
  16. The Research on the China Public Bank’s X-efficiency and the Respect of Ownership Structure,F224
  17. Research of Chinese City Commercial Banks’ Cost Efficiency Based on Data Envelopment Analysis,F224
  18. Chongqing economic development based on energy efficiency perspective transformation,F206
  19. Study on Openness of Chinese Cultural Industries,G124
  20. Simulation Research on Hydraulic System of Extra-High Pressure Water Jet Equipment,TH137
  21. The Analysis of Cost Management in Urban Public Hospitals of Efficient in PursuitMedical Treatment,R197.3

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net  Mobile