我国房地产上市公司X效率测算与统计分析——基于随机前沿方法  

Calculation and Statistical Analysis on the X Efficiency of China's Real Estate Listed Companies——based on the stochastic frontier approach

作　　者：张红[1] 王悦[1] 

机构地区：[1]清华大学建设管理系,北京100084

出　　处：《中国房地产（学术版）》2013年第12期70-78,共9页China Real Estate

基　　金：国家自然科学基金"我国住房市场信息传递与资源配置效率的理论模型与仿真评价"(71073096)

摘　　要：为了解我国房地产企业的技术和内部管理等X效率水平,选取38家房地产上市公司为样本,采用随机前沿方法,结合房地产企业及产品特点选取指标、设定变量和收集数据,测算并统计分析2005-2011年样本公司的X效率。结果显示:(1)2005-2011年我国房地产上市公司X效率均值在0.75左右,各年波动较小,各公司间差异较小且呈降低趋势;(2)不同资产规模的房地产上市公司X效率有明显差异,国有控股房地产上市公司的X效率总体高于民营控股公司,业务布局于10城市以下的房地产上市公司X效率总体高于布局于10城市及以上的公司。In order to understand the X efficiency level in technology and inner management of China＇ s real estate companies, 38 real estate listed companies are selected as the sample, the Stochastic Frontier Approach （SFA） is adopted with the indicators and variables related to the characteristics of real estate companies and their products, and the statistical analysis of X efficiencies in sample companies is implemented after the calculation based on the dataset in 2005- 2011. The results show that： （1） the average value of the X efficiencies of China＇s real estate listed companies in 2005-2011 is about 0.75, with a little fluctuation each year, and the difference among companies is subtle and decreasing year by year; （2） there is significant difference in X efficiencies between real estate listed companies of different asset size, generally the X efficiencies of state- owned companies are higher than those of private-owned companies, and the X efficiencies of companies covering less than 10 cities are higher than those of companies covering no less than 10 cities

关 键 词：房地产上市公司 X效率 随机前沿方法 统计分析 

分 类 号：F293.3[经济管理—国民经济]