CAJ | 학술논문

基于因子分析法提取出体育用品上市公司经营过程的投入和产出因子，利用DEA-Malmquist方法对我国体育用品上市公司的经营效率及其动态变化进行评价分析。结果显示：探路者、动向、安踏和特步经营效率较好，李宁、裕元、美克等公司较差；体育用品上市公司经营效率与服装鞋类标杆上市公司有很大的差距，而且差距有进一步扩大趋势；体育用品上市公司经营效率逐年下降，Malmquist指数下降19％，综合技术效率下降18％；纯技术无效和规模无效是经营效率下降的原因。
기우인자분석법제취출체육용품상시공사경영과정적투입화산출인자，이용DEA-Malmquist방법대아국체육용품상시공사적경영효솔급기동태변화진행평개분석。결과현시：탐로자、동향、안답화특보경영효솔교호，리저、유원、미극등공사교차；체육용품상시공사경영효솔여복장혜류표간상시공사유흔대적차거，이차차거유진일보확대추세；체육용품상시공사경영효솔축년하강，Malmquist지수하강19％，종합기술효솔하강18％；순기술무효화규모무효시경영효솔하강적원인。
Based on factor analysis, the present study evaluated the efficiency and the dynamic trend with the DEA-Malmquist by extracting the input and output indexes of the listed companies of sporting productions in China. The results show that Toread, Kappa, Anta and Xtep are comparatively more efficient in operation, while Li-Ning, Yu Yuen, Meike are relatively less efficient. There is still a big gap, which al- so exhibits a tendency of broadening, between the Operational efficiency of the listed companies of sporting productions and that of the benchmarking listed companies in clothing and footwear. The operational effi- ciency of the listed companies of sporting productions has fallen year by year, with the Malmquist index falling by 19% and Crste by 18% ,which are attributable to the inefficient technique and scale.