CAJ | 학술논문

选取10家上市证券公司为样本，利用数据包络分析方法测算了它们的综合技术效率、纯技术效率和规模效率，全面分析证券公司效率状况；从静态分析与动态分析两个角度，分析证券公司效率变化状况。本文创新之处在于：①为证券公司的效率评价提供了一种新的方法；②首次运用Malmquist生产率指数模型对证券公司效率进行动态分析，有助于全面掌握证券公司效率变动情况；③指出技术进步是证券公司全要素生产率提高的关键因素；④为证券公司实现效率提高提供政策支持。
선취10가상시증권공사위양본，이용수거포락분석방법측산료타문적종합기술효솔、순기술효솔화규모효솔，전면분석증권공사효솔상황；종정태분석여동태분석량개각도，분석증권공사효솔변화상황。본문창신지처재우：①위증권공사적효솔평개제공료일충신적방법；②수차운용Malmquist생산솔지수모형대증권공사효솔진행동태분석，유조우전면장악증권공사효솔변동정황；③지출기술진보시증권공사전요소생산솔제고적관건인소；④위증권공사실현효솔제고제공정책지지。
By selecting 10 listed securities companies as the sample, using data envelopment analysis, the paper estimated their combined technical efficiency, pure technical efficiency and scale efficiency. It makes a comprehensive analysis of the efficiency status of securities companies; analyze the efficiency change status of securities companies from static analysis and dynamic analysis. The innovative ideas are as follows: ①providing a new approach to the evaluation of the efficiency of the company’s securities; ②using Malmquist productivity index model for the first time for dynamic analysis of the efficiency of securities companies, by which securities firms could better understand changes in the efficiency of the situation; ③Pointing out that technological progress is a key factor in the securities firm’s total factor productivity;④to provide policy support to securities companies to achieve efficiency.