CAJ | 학술논문

文章使用101家中国证券公司2007年的一组数据，采用数据包络分析方法研究了它们的效率，并利用TOBIT回归模型鉴别和确定了决定效率高低的因素。结果表明：中国证券公司的整体效率水平比较低，通过评审公司和待评审公司相比具有一定效率优势，公司规模对效率的影响十分微弱，公司历史长短、类型、注册地点和外资参股等因素会以不同的方式影响效率。
문장사용101가중국증권공사2007년적일조수거，채용수거포락분석방법연구료타문적효솔，병이용TOBIT회귀모형감별화학정료결정효솔고저적인소。결과표명：중국증권공사적정체효솔수평비교저，통과평심공사화대평심공사상비구유일정효솔우세，공사규모대효솔적영향십분미약，공사역사장단、류형、주책지점화외자삼고등인소회이불동적방식영향효솔。
This paper uses a data set of 101 companies in 2007 to evaluate their efficiency scores applying a DEA approach. It then employs TOBIT regression models to identify the key determinants of efficiency. The empirical results suggest that the efficiency of China＇s securities companies is low, companies through assessment have an advantage of efficiency over the others, scale has little effect on efficiency, life- span, type, registered address and foreign share all affect efficiency in different ways.