發(fā)布時(shí)間：2018-08-17 13:28

【摘要】：采用DEA-Malmquist指數(shù)模型,將2010年我國(guó)上市公司采取并購(gòu)行為的制造業(yè)上市公司分為高新技術(shù)企業(yè)與傳統(tǒng)企業(yè)進(jìn)行對(duì)比分析,結(jié)果顯示:(1)從兩類企業(yè)整體層面分析,高新技術(shù)企業(yè)與傳統(tǒng)企業(yè)各年的綜合效率均值并無明顯的差別;純技術(shù)效率則是高新技術(shù)企業(yè)顯著高于傳統(tǒng)企業(yè);規(guī)模效率指標(biāo)上,二者在2009年和2011年并無明顯的差別,然而,對(duì)比二者2010年以及三年的平均值,傳統(tǒng)企業(yè)的規(guī)模效率要顯著高于高新技術(shù)企業(yè)。(2)從個(gè)體企業(yè)效率來看,高新技術(shù)企業(yè)的綜合效率、純技術(shù)效率以及規(guī)模效率均優(yōu)于傳統(tǒng)企業(yè),然而,二者的差距卻在逐年減小。(3)傳統(tǒng)企業(yè)純技術(shù)效率顯著低于規(guī)模效率,這說明了純技術(shù)效率低下是導(dǎo)致傳統(tǒng)企業(yè)效率低下的主要原因。(4)在全要素生產(chǎn)率變化(TFP)上,高新技術(shù)企業(yè)要略優(yōu)于傳統(tǒng)企業(yè)。最后,基于企業(yè)在資產(chǎn)投入、勞動(dòng)力投入、成本消耗、無形資產(chǎn)等方面的投入,挖掘影響兩類企業(yè)并購(gòu)績(jī)效效率的因素。
[Abstract]:By using the DEA-Malmquist index model, the listed manufacturing companies in 2010 are divided into high-tech enterprises and traditional enterprises. The results show that: (1) from the overall level of the two types of enterprises analysis, There is no significant difference in the mean of comprehensive efficiency between high-tech enterprises and traditional enterprises. The pure technical efficiency of high-tech enterprises is significantly higher than that of traditional enterprises. In terms of scale efficiency, there is no significant difference between them in 2009 and 2011. However, Compared with the average of 2010 and three years, the scale efficiency of traditional enterprises is significantly higher than that of high-tech enterprises. (2) from the point of view of individual enterprise efficiency, the comprehensive efficiency, pure technical efficiency and scale efficiency of high-tech enterprises are better than those of traditional enterprises. However, the gap between the two is decreasing year by year. (3) the pure technical efficiency of traditional enterprises is significantly lower than that of scale efficiency, which shows that the low efficiency of pure technology is the main cause of the inefficiency of traditional enterprises. (4) on the change of total factor productivity (TFP), High-tech enterprises should be slightly better than traditional enterprises. Finally, based on the investment in asset input, labor input, cost consumption and intangible assets, the factors that affect the efficiency of M & A performance of two types of enterprises are explored.
【作者單位】： 中山大學(xué)管理學(xué)院;
【分類號(hào)】：F271;F425

【相似文獻(xiàn)】

相關(guān)期刊論文 前9條

1 王雅楠;孫養(yǎng)學(xué);;制造業(yè)上市公司國(guó)內(nèi)外并購(gòu)績(jī)效的比較研究[J];財(cái)會(huì)月刊;2012年29期

2 李江靜;孫曉彤;;我國(guó)汽車行業(yè)上市公司的并購(gòu)績(jī)效[J];東方企業(yè)文化;2013年03期

3 王璐;;基于動(dòng)態(tài)能力的我國(guó)石油化工企業(yè)并購(gòu)績(jī)效實(shí)證研究[J];商場(chǎng)現(xiàn)代化;2012年06期

4 李曉花;;資本結(jié)構(gòu)對(duì)并購(gòu)績(jī)效的影響——基于美的并購(gòu)的案例研究[J];商業(yè)會(huì)計(jì);2013年02期

5 王澤霞;李珍珍;;IT行業(yè)上市公司并購(gòu)績(jī)效實(shí)證研究[J];經(jīng)濟(jì)論壇;2009年03期

6 袁亮;;我國(guó)醫(yī)藥上市公司MBO后長(zhǎng)期并購(gòu)績(jī)效研究[J];改革與開放;2009年04期

7 邱嵐;卞鷹;王一濤;;我國(guó)醫(yī)藥行業(yè)上市公司并購(gòu)績(jī)效的實(shí)證研究[J];中國(guó)藥房;2006年19期

8 張玉蘭;姜振娜;劉洋;;河北省煤炭企業(yè)集團(tuán)并購(gòu)績(jī)效評(píng)價(jià)研究[J];會(huì)計(jì)之友;2012年30期

9 王麗娟;郁然韻;;裝備制造業(yè)上市公司并購(gòu)績(jī)效研究——基于行業(yè)集中度視角[J];財(cái)會(huì)通訊;2013年12期

相關(guān)碩士學(xué)位論文 前10條

1 胡e，

本文編號(hào)：2187782