基于DEA模型的上市公司市值管理绩效评价被引量：15

DEA Analysis of Market Value Management Performance of Listed Companies

下载PDF

导出

摘要市值管理是股权分置改革后我国上市公司出现的一个管理新动向,对市值管理绩效进行科学评价对于上市公司改进市值管理,更好地为股东价值最大化服务具有重要意义。在国内首次用数据包络分析(dataevelopement analysis,DEA)方法建立了一个评价上市公司市值管理绩效的DEA模型,并用该模型对包括不同行业、不同规模和不同所有制的25家上市公司2008年度的市值管理绩效进行了分析,总结出了5种类型绩效,并具体分析了每类上市公司改进市值管理绩效的路径,对我国上市公司有针对性地改进市值管理有着重要参考作用。 Market value management （MVM） is a new management development of listed companies in China since stock struc- ture reform in 2005. Based on DEA method, a model was set up to evaluate MVM performance of Chinese listed companies. MVM performance of 25 listed companies in 2008 was analyzed using the model, The listed companies were clarified into five types of MVM performance. Means of improving MVM performance of the five types of listed companies were discussed. They are very useful for Chinese listed companies.

作者刘国芳

机构地区武汉理工大学管理学院中国上市公司市值管理研究中心研究部

出处《武汉理工大学学报（信息与管理工程版）》 CAS 2010年第1期132-134,167,共4页 Journal of Wuhan University of Technology：Information & Management Engineering

关键词 DEA 市值管理绩效评价 DEA market value management performance evaluation

分类号 F253.7 [经济管理—国民经济]

引文网络
相关文献

参考文献9

1施光耀,刘国芳,梁彦军.中国上市公司市值管理评价研究[J].管理学报,2008,5(1):78-87. 被引量：98
2李喜凤.医药行业上市公司业绩DEA有效性分析[J].现代管理科学,2006(12):69-71. 被引量：9
3CHARNES A,COOPER W W, RHODES E. Measuring the efficiency of decision making units [ J ]. European Journal of Operations Research, 1978 (2) :429 - 444.
4BANKER R D, CHARNES A, COOPER W W. Some models for estimating technical and scale inefficiencies in data envelopment analysis [ J ]. Management Science, 1984(30) : 1078 - 1092.
5CHARNES A, COOPER W W,LEWIN A Y, et al. Data envelopment analysis : theory, methodology and applications [ M ]. Boston : Kluwer, 1995:23 - 89.
6魏权龄.数据包络分析[M].北京:科学出版社,2006.
7WILLIAM W C, LAWRENCE M S, KAORU T. Data envelopment analysis:a comprehensive text with models, applications, references and DEA - solver software [ M ]. New York : Springer Science + Business Media, LLC, 2007 : 1 - 124.
8FARE R,GROSSKOPF S,LOVELL C A K. The measurement of efficiency of production [ M ]. Boston : Kluwer, 1985:21 - 86.
9LOVELL C A K. Production frontiers and productive efficiency[ M ]. New York: Oxford University Press, 1993 : 3 - 67.