| 证券公司效率评价：一种经过风险调整的方法 |
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| 引用本文： | 杨光兵,张爱武,刘亚.证券公司效率评价：一种经过风险调整的方法[J].财经理论与实践,2013(5):51-54. |
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| 作者姓名： | 杨光兵 张爱武 刘亚 |
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| 作者单位： | 对外经贸大学金融学院;中国农业大学经济管理学院 |
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| 摘 要： | 鉴于现有的有关证券公司效率评价的研究没有考虑风险的状况,利用数据包络方法,以风险作为证券公司效率评价中的一种投入,以净资产与净资本之差作为风险的代理指标,基于2010年证券公司财务报告和净资本数据,对我国证券公司效率进行实证研究,并与不考虑风险条件下的效率评价结果进行比较。结果发现,上述方法具有可行性,是否考虑风险对于证券公司效率评价具有显著的影响。
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| 关 键 词： | 证券公司 效率 风险调整 |
Evaluating the Efficiency of Securities Companies: A Risk-Adjusted Approach |
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| YANG Guang-bing,ZHANG Ai-wu,LIU Yi.Evaluating the Efficiency of Securities Companies: A Risk-Adjusted Approach[J].The Theory and Practice of Finance and Economics,2013(5):51-54. |
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| Authors: | YANG Guang-bing ZHANG Ai-wu LIU Yi |
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| Institution: | YANG Guang-bing;ZHANG Ai-wu;LIU Yi;School of Finance,University of International Business and Economics;School of Economy and Management,China Agricultural University; |
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| Abstract: | The paper evaluating the efficiency of Chinese securities companies by data envelopment analysis, with risk introduced as a type of input as well as the difference between net asset and net capital as a proxy of risk. Using the finance report of securities companies in 2010, the empirical analysis has been done. It was found that, the evaluation in this paper works. Whether or not the risk is considered, has a significant influence on the evaluation of efficiency of securities companies. |
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| Keywords: | Securities companies Efficiency Risk adjustment |
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