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Analysis On The Efficiency And The Related Factors Of The Companies In Our Country

Posted on:2006-05-16Degree:MasterType:Thesis
Country:ChinaCandidate:J YuFull Text:PDF
GTID:2166360152495961Subject:Political economy
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H.Leibenstein (1966) discovered that there is low efficiency in firm and argued that this inefficiency was due to the lack of individual motivation in organizations. This study identifies several factors that influence individual motivation, and examines, with the use of the expectancy theory, how the changes in these factors affect individual efforts, performance, and satisfaction. Some approaches and the necessary conditions for improving individual effort are discussed. On the basis of building a SFA model, this paper did the quantity computation for the technical efficiency of software industry listed companies in our country during 2000-20003 and made the comprehensive analysis for it. It has also testified empirically the relation between the relating factors that affect the technical efficiency of company.The dissertation is composed of three parts except preface .In the first part, this paper overviews production frontier parametric and non - parametric approach, it proposes the applications of SFA in getting stochastic parametric production frontier. This paper also compares the characters as well as the advantages and disadvantages of the two frontier methods .In the second part, From the two aspects of internal and external governing mechanism, this paper analyzes the faculties in the governing structure of Chinese listed companies. On the basis of defining corporate property rights efficiency clearly, this paper researches into the relationship between owner commissary' s action of state-owned enterprise and corporative property rights efficiency and This Paper conducts a systematical review on Chinese and foreign scholar's research results on the effect and efficiency of ownership structure in corporate governance from the perspective of the ownership concentration, insider ownership, the status structure of the stock holders, and puts forwards the future research direction based on the Chinese listed companies primarily from the perspective of corporate finance and accounting behaviors. In the last part, this paper studies the factors that affect the technological efficiency of Chinese industrial firmsby using the data of these listed companies. The main conclusions are: state-owned enterprises are more efficient technologically than Non state-owned enterprises; independent directors play function ,there is an significant relationship between the firm's performance and outside independent board; As for the problem of internal mechanism, it is vacancy of the owners as the result of stated-owned and legal shares not circulating; in the light of individual motivation we propose several perspectives for understanding why the state-owned enterprises in our country lack efficiency.The innovation of this thesis is: first, it gives a special visual angle and new means to learn firm efficiency. Second, the empirical analysis is systematical and comprehensive.
Keywords/Search Tags:technical efficiency, governance mechanism, stochastic frontier approach, firm size, labor capital
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