A Empirical Study On The Efficiency Level Of Enterprise

Effective enterprise level for the survival and development of enterprises play an important role.In this paper,the level of business efficiency research is in three main areas profitability,solvency and ability to grow.Empirical research on the level of business efficiency is important,it is conducive to business owners and stakeholders to have a comprehensive understanding of the business situation and its development trend, and it helps enterprises to establish and improve the incentive and restraint mechanisms,improve enterprise management level and overall competitiveness.Based on the historical data of fifteen industry analysis of120listed companies,120listed companies in fifteen industries Statal2.0Software2009-2013financial data analysis and Hausman test, I proved that the fixed effects model is superior to the random effects model in this paper, and then select the description herein fifteen industries120listed companies in unrelated industries benefit levels and their differences, and associated with major explanatory variable, namely to ROA for the empirical results are interpreted variable fixed effects model, year on year revenue growth rate of assets and liabilities and net operating cash flow and operating income ratio at1%significance level; ROE to be interpreted with fixed variable the empirical results effects model, year on year revenue growth rate at the1percent level is significant, asset-liability ratio at10%level listed significant. So despite the different instructions listed companies belonging to different industries, but the factors that affect the level of benefit is the same, and in many influencing factors, operating income increased growth rates of assets and liabilities and net operating cash flow and operating income impact on enterprise efficiency ratio level is the most significant.While ROA, ROE is used to measure a company’s return on invested capital capacity,but ROE merely reflects return on shareholders’invested capital, but ROA reflects the rate of return to shareholders and creditors of common investment funds listed on this indicator potential investors in the company and ROE plays an important role.More importantly, ROA is a reflection of a company’s return on capital as a whole,to measure the business potential for the future development of space and an important reference value, and the evaluation of listed companies are now mostly using ROA indicators,which to some extent in on one-sided,incomplete.Therefore, this article on the grounds of both theory and empirical results,based on efficiency indicators total assets ratio of net interest ROA,ROE which based on the index is more representative of the overall effectiveness of the benefit level.