中国证券公司生产效率的数据包络分析

本文应用数据包络分析的方法,对2005和2006两年中国42家证券公司的生产效率分别进行了横向和纵向的比较分析。本文发现,中国证券公司在这两年整体的生产效率、纯技术效率和规模效率水平偏低,并且在证券市场复苏升温的2006年证券公司整体的生产效率水平不升反降。本文进一步指出,用证券公司的Malmquist生产力指数所代表的全要素生产力的提升主要来源技术进步;但由于生产效率的降低,阻碍了全要素生产力进一步的增长。同时,本文给出了提高生产效率的具体建议,希望能为中国证券公司提升竞争力和可持续发展,解决证券公司靠天吃饭的生存与发展问题提供参考。

The DEA Analysis of Productive Efficiency of Securities Companies in China

This paper empirically analyzes the productive efficiency of 42 securities companies of China in the years of 2005 and 2006 by using Data Envelopment Analysis.It finds that the productive efficiency,pure tech- nical efficiency and scale efficiency of the securities companies were on the low level in the years of 2005 and 2006.It points out that the total factor productivity,which is represented by Malmquist productivity index,of securities companies is increasing because the technical progress is increasing...