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Data Envelopment Analysis of Production Efficiency of China’s Securities Industry
Author: GuoHongBin
Tutor: WangWenSheng
School: Lanzhou University
Course: Finance
Keywords: Securities companies Operational efficiency DEA Total Factor Productivity
CLC: F224
Type: Master's thesis
Year: 2011
Downloads: 110
Quote: 0
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Abstract
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The efficiency of securities companies can reflect the securities industry, the use of resources , securities companies and even long-term development of the securities industry to provide a reference . This article is on this basis, the basis of 80 securities companies is selected financial data from 2006 to 2009 , using data envelopment analysis method for these securities company's operating efficiency, pure technical efficiency and scale efficiency the calculations . 80 horizontal comparison of the efficiency of securities companies can be found in China 's securities industry , the proportion of operating securities companies is not high . Can be found by comparing the securities industry from 2006 to 2009 vertical , an increasing trend in the number of operating securities companies . After 80 securities companies Malquist total factor productivity analysis further understand the dynamic changes in the operational efficiency of a securities company , its analysis showed that the securities company 's total factor productivity weakened . In-depth analysis found that the reduction of total factor productivity is caused due to the fall in the index of technological change . In the next section , Tobit regression analysis of the factors affecting securities companies operating efficiency were analyzed. The results showed that the degree of diversification of the securities company's operating capacity , investment in human capital and innovation capability affect the important factor of the operational efficiency of a securities company , securities company listed , as well as the size of the securities companies did not affect the efficiency of securities companies significant. Finally, the factors that affect the operating efficiency of securities companies , the corresponding policy recommendations .
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CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
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