Based On The SFA Model, The Analysis Of The Integration Efficiency Of Enterprises

Combination of industry and finance discussed by economics in recent years hot topic, enterprise integration of industry and finance efficiency analysis has gradually become a new topic of theoretical research of, the efficiency index replace traditional financial indicators has become a new trend of research in this field. The combination of industry and finance is very important in enterprise growth, the development of the industry based on, summed up the research method and theoretical model of technical efficiency, and the use of stochastic frontier model to evaluate the 2012-2014 the cultural industry of our country listed company efficiency of integration of industry and finance. On the basis of this, this paper analyzes the factors that affect the efficiency of the combination of production and financial integration, from the perspective of its own conditions and external environment.Since the reform and opening up, people's living standards have greatly improved, the field of vision has been open, have a greater demand for new knowledge and new culture. However, due to the cultural industry in our country started late, small scale, making the industry provide cultural services and cultural products still can't fully meet people's diversified demand.2015 CPC Central Committee General Office, the State Council issued the "opinions on accelerating the construction of modern public cultural service system" to speed up the construction of modern public cultural service system. In the promotion of a series of policies, the cultural industry has entered a stage of rapid development, excellent cultural industries have emerged. In the government policy of encouraging and promoting society, the rapid influx of capital to the cultural industry, cultural industry entered a golden period of development. But even in government vigorously promote and encourage, due to the particularity of the cultural industry is intangible assets are the core assets and the uncertainty of the value of intangible assets the market of cultural industry financing body development is very slow, poor financing ability. Cultural industry company in order to obtain stable funding support, improve capital operation ability will choose to industrial capital by shares, holdings, holdings and personnel participation and financial capital of inner fused.Based on the theory of industrial integration, this paper tries to study the transformation, reform and development of China's cultural industry, cultural industry regulation system construction and provide a theoretical reference to improve industrial efficiency. In China is currently actively promoting cultural industry development and prosperity of the critical period, culture system reform is to advance in depth, as a cultural industry an important part of the, development of China's cultural industry and cultural system reform synchronously. How to realize cultural industry from enterprise to industry change, change external help to self-accumulation, changing the administrative monopoly to actively participate in market competition, constitute the China culture industry reform is an urgent need to answer the question. This also constitutes the starting point of this study and the end.In this paper, based on the stochastic frontier analysis model on the basis of Cobb Douglas production function set the corresponding input and output index system, using Frontier4.1 software and SPSS19.0 software empirical analysis of 24 from the cultural industry of Finance in our country with listed companies 2012-2014 years of technical efficiency, the study found that the cultural industry and finance combination of listed companies on average technical efficiency value is low, and the efficiency of cutting-edge technology there is still a big gap. This also shows that our cultural combination of technical efficiency level of listing Corporation's uneven. More assets factors of corporate net profit compared to culture industry and finance combination of listed companies, and labor elements, but the output elasticity of labor and capital output elasticity is not high, indicating that China's cultural industry company is clearly a lack of economies of scale. The results for the production of a theoretical reference and technical efficiency of the combination, to improve the domestic finance and has important practical significance with the technical efficiency of enterprises.Due to the lack of data and literature data, this study still has many deficiencies, which constitutes the direction we need.