CAJ | 학술논문

采用Chortareas ＆ Kapetanios所提出的SPSM 结合KSS傅立叶平稳性检验方法对体育用品上市公司经营效率的稳定性进行检验，该方法对于捕捉“U”形结构突变点和平滑突变点具有较高的检验“势”。研究结果发现，除安踏、特步国际的经营效率呈现发散的变动特征之外，中体产业、李宁、青岛双星和宝胜国际上市公司的经营效率均呈现非线性稳定的特点，表明了安踏和特步国际上市公司的经营效率在偏离均衡的部分无法通过市场调节自行恢复到均衡水平，而其余四个体育用品上市公司的经营效率所偏离均衡的部分能够通过市场调节自行恢复到均衡水平。
채용Chortareas ＆ Kapetanios소제출적SPSM 결합KSS부립협평은성검험방법대체육용품상시공사경영효솔적은정성진행검험，해방법대우포착“U”형결구돌변점화평활돌변점구유교고적검험“세”。연구결과발현，제안답、특보국제적경영효솔정현발산적변동특정지외，중체산업、리저、청도쌍성화보성국제상시공사적경영효솔균정현비선성은정적특점，표명료안답화특보국제상시공사적경영효솔재편리균형적부분무법통과시장조절자행회복도균형수평，이기여사개체육용품상시공사적경영효솔소편리균형적부분능구통과시장조절자행회복도균형수평。
This paper uses Sequence Panel Selection Method(SPSM )combined with KSS Fourier unit root proposed by Chortareas and Kapetanios to investigate the stability of operating efficiency of sporting goods listed companies .It has the high power to capture"U"shape structure and smooth point mutation . The empirical results show that the efficiency of the four listed companies is nonlinear stable except ANTA and XTEP ,indicating that ANTA and XTEP's efficiency deviation equilibrium of the market cannot be re‐stored to equilibrium level by self‐regulation ,and the other four listed sporting goods companies can be re‐stored to equilibrium level through market adjustment .