Dissertation > Excellent graduate degree dissertation topics show

A Study on the Relation of Market Structure、Enterprise Efficiency and Performance in China’s Securities Industry

Author: WangYong
Tutor: HuangYueXiong
School: Jinan University
Course: Industrial Economics
Keywords: Market concentration Enterprise Efficiency Market Power Hypothesis Efficient Structure Hypothesis
CLC: F272;F224
Type: Master's thesis
Year: 2009
Downloads: 321
Quote: 2
Read: Download Dissertation

Abstract


With the reform and opening up,the securities market at home has enjoyed substantial development.This paper focuses on the relationship between market structure、enterprise efficiency and performance in China’s securities industry.Market structure and market performance are the two most important topics in the theory of industrial organization.In the theory of industrial organization,the two most significant hypotheses are the Market Power Hypothesis of the Harvard School and the Efficient Structure Hypothesis of the Chicago School.This thesis will put the efficiency variable into the research of the relationship between market structure and performance,and conducts an empirical research on the two hypotheses in China’s securities industry.The paper first studies the market structure of China’s securities industry,calculates and Analysis’s the market concentration.Then,using DEA method to measure and analyze the efficiency of China’s securities industry on the basis of 53 securities companies;At last the thesis establishes equations using the empirical research of Berger Harman(1995),especially analyzing the Market Power Hypothesis and the Efficient Structure Hypothesis using statistic tool to validate China’s securities industry.The main conclusions of this paper are:(1)The market structure of China’s securities industry still belongs to competitive market,the degree of market concentration is low,the competition is quite intense;(2)The technical efficiency,pure technical efficiency and scale efficiency in China’s securities industry are on low side,and all of them are getting better;(3)Efficient Structure Hypothesis is tenable in China’s securities industry,but Market Power Hypothesis is untenable. The performance in China’s securities industry is mainly due to efficiency(X efficiency and scale efficiency),pure efficiency and scale efficiency are two important factors of the performance in China’s securities industry.Market structure(market concentration and market share) is insignificant to the performance;(4)The daily average trading volume is a remarkably forward influence to the performance,and there exist remarkable forward influence between ratio of debt and performance.

Related Dissertations

  1. Market Structure and Technology Elevation,F273.1
  2. An Empirical Study of the market structure and performance of the China Trust Industry,F832.49
  3. China 's life insurance market structure , efficiency and market performance relationship,F842.6
  4. Analysis of Market Structure and Performance about China Insurance Industry,F842
  5. Research on Auditing Market Structure of China,F239.22
  6. Profit-Structure Relationship in China’s Banking System,F832.2
  7. A Research on the Relationship between Market Structure and Market Performance of Chinese Trust Industry,F832.49
  8. Study on the Efficiency and Performance in China’s Dairy Industry,F224
  9. A Comparison of Market Structure and Stability in the Process of Opening of the Cross-Strait Banking,F224
  10. Audit Market Concentration, audit Firm Industry Expertise and Audit Quality,F233
  11. Research on the Influencing Factors of China’s Real Estate Industry,F293.3
  12. The Research on the Market Structure and Performance of the U.S Aerospace Industry,F416.5
  13. A Study of the M&A of Steel Industry in China Against the Background of International Steel M&A,F426.31
  14. The Influence Research of Concentration Effect on FDI to Our Country’s Electronic Communications Industry,F426.6;F832.6
  15. The Study on the Result of Coal Resources Integration in Shanxi Province,F426.21
  16. Study on Industrial Concentration in China,F424
  17. Audit market concentration,F239.4
  18. Research on the Relationship between Market Concentration Degree and Profit Rate in Chinese Automobile Industry,F426.471
  19. Game Analysis of the IT industry in the memory chip market enterprises,F224.32
  20. China's dairy industry, market structure, efficiency and performance Empirical Study,F224

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