摘要
企业的经营效率是其核心竞争力的重要组成部分,通过搜集和整理9家中外体育用品上市公司(6家中国公司,3家国外公司)2008～2010年年报中公布的财务数据,运用数据包络分析(DEA)和Malmquist全要素生产率(TFP)指数方法,从财务管理的角度对它们的经营效率进行动态评价。结果表明,中外体育用品上市公司整体绩效不佳,2007～2010年间只有5家公司4年都处于DEA有效,但整体的综合效率均值有逐年提高趋势;从Malmquist全要素生产率指数看,中外体育用品上市公司的TFP年均增长率为-8.5%,技术退步和规模无效是造成TFP负增长的两大原因,其中技术退步起到了主要作用,中国企业尤其明显。
This study tried to make a dynamic evaluation from the perspective of financial management on the operational efficiency of nine publicly traded sports goods companies（six at home three abroad）,which was an essential part of an enterprise＇s core competitiveness.It was done through an analysis of the fiscal data collected from their yearly reports from 2008 to 2010 based on Data Envelopment Analysis（DEA） and Malmquist Total Factor Productivity（TFP） index.The results of this analysis indicated a general underperformance of these companies,among which only 6 companies were DEA efficient but their general average efficiency ratings kept going up on a yearly basis from 2007 to 2010.The Malmquist TFP index also indicated the annual TFP change for these sample firms during the study period was equal to-8.5% each year,which could be attributed mainly to failing technology and inefficient scale,the former factor most obvious in these Chinese companies.
出处
《武汉体育学院学报》
CSSCI
北大核心
2012年第2期31-35,42,共6页
Journal of Wuhan Sports University
