Efficiency Evaluation & Influencing Factors Analysis Of Domestic Trust Industry

Since the reform and opening up,the development of the trust industry has advanced by leaps and bounds.By the third quarter of 2017,the total volume of trust assets continued to grow steadily and the balance of trust assets was 24.41 trillion yuan,with a year-on-year growth of 34.33%.Although the development of the trust industry has made remarkable achievements,there are still many problems and concerns.On the basis of reviewing the domestic and foreign literature research,this paper USES the super-efficiency DEA model and the panel Tobit model to measure the efficiency of the trust industry.Meanwhile,the technical efficiency is used as the explanatory variable,and the corresponding indicators of the trust industry are selected as the control variables from the macro environment,market structure and the individual characteristics.The regression equation is established according to the statistical panel data,and the relationship between the efficiency of the trust industry and the influencing factors is analyzed.Finally,the policy suggestions are given according to the research conclusion to the development and supervision of the trust industry.In the application of the method,empirical analysis,historical comparison are selected to improve the validity and credibility of the argument.The study found that the efficiency value of the sample trust companies was relatively high during 2008 and 2016,and the overall efficiency of the trust industry reached the efficiency of the super-efficiency DEA,which indicates that the overall internal control mechanism of the trust industry in China is improved and the management level is high.There is a certain imbalance in the development of our trust industry,and the gap between different types of trust firms,and the concentration of the industry has increased.The empirical results of factors affecting the efficiency of trust industry in China show that the real estate investment growth rate,the total assets scale of the industry and the return on the net assets have a strong promoting effect on the comprehensive operation efficiency of the trust companies.And the total number of registered capital and trust employees is negatively correlated with efficiency.According to the research conclusion,the efficiency of trust industry should be improved from the following aspects.At the macro level,the policy formulation should be consistent with the law of the industry development,encouraging the business of the midwestern trust corporations,and ensuring the balanced development of the trust industry.At the industry level,we should establish and improve the multi-level trust regulatory framework and give full play to the initiative of local supervision.At the individual level,the trust company should improve the professional skills and refine regulatory regime.It's time for us to embrace market change and enhance risk control ability in order to identify,prevent,avoid and defuse risks.What's more,it needs to strengthen business relationship with the controlling shareholder,and take the inherent advantages of cooperation and resource sharing between the two parties.As for the talent training,it's better to optimize the talent team and improve the existing training system.