中国民营与国营房地产上市公司经营绩效的对比研究--基于DEA-Malmquist模型  

A Comparative Study On the Operating Performance of Private and State-Owned Real Estate Listed Companies in China--Based on DEA-Malmquist Model

作　　者：蔡杨 付云云 Cai Yang;Fu Yunyun(School of Mathematics and Finance,Chuzhou University,Chuzhou 239000,China)

机构地区：[1]滁州学院数学与金融学院,安徽滁州239000

出　　处：《黑河学院学报》2021年第9期39-41,53,共4页Journal of Heihe University

基　　金：安徽省人文社科一般研究项目“基于共生理论的皖东与长三角房地产协调发展研究”(SK2017B07);国家自然科学基金项目“基于数据包络分析的环境效率评价方法及其应用研究”(71471001)。

摘　　要：房地产行业健康稳健的发展对国计民生的意义重大。使用DEA-Malmquist方法对23家房地产上市公司2010—2017年的经营绩效进行评价。研究发现,DEA有效的房地产上市公司不足一半,上市公司整体绩效下滑;民营房地产上市公司全要素生产率为1.031,高于国营房地产企业的1.015,说明民营房地产上市公司的经营效率更好;相比于技术效率,技术水平对房地产上市公司的全要素生产率影响更为显著。基于以上结论,房地产企业应科学管控投融资行为,实现经营绩效稳步提升,同时,加大技术效率提升,实现房地产行业平稳发展。The healthy and steady development of the real estate industry is of great significance to the national economy and the people's livelihood.This paper aims to evaluate the performance of 23 listed real estate companies in 2010-2017 by using DEA-Malmquist method.It is found that:DEA Less than half of the real estate listed companies are eff ective,and the overall performance of listed companies declines;the TFP of private real estate listed companies reaches 1.031 with higher operating efficiency than state-operated real estate listed companies,whose TFP is 1.015;compared with the technical efficiency,the technical level has a more significant impact on the TFP of real estate listed companies.Based on the above conclusions,we believe that real estate enterprises should scientifically control their investment and financing behaviors,achieve steady improvement in business performance,increase the technical efficiency to achieve steady development of the real estate industry.

关 键 词：房地产上市公司 绩效评价 DEA模型 

分 类 号：F293.3[经济管理—国民经济]