国内旅游上市公司效率演变及异质性研究

发布时间：2018-07-04 09:55

本文选题：旅游上市公司 + 旅游业及其子行业　；参考：《南京林业大学》2014年硕士论文

【摘要】：世界经济增长方式从单纯的单要素依赖向多要素的综合应用转变，经济增长动力也由要素依赖转为技术依赖。经济增长中的技术贡献率已经成为了各国的研究热点。根据国内外学者的研究，中国工、农业TFP增长的源泉来自于技术进步；对中国服务业的研究得出，技术进步是服务业TFP增长的主要动力。但目前学者们对中国旅游业的TFP研究不多，现有对中国旅游业的研究主要集中在TFP带动经济增长以及TFP本身作为经济增长的核心动力上，通过对TFP的研究来探索中国旅游业增长的动力较少。本文在大量的文献查阅与理论学习的基础上，运用非参数DEA的Malmquist指数方法，选择沪深两市25家旅游上市公司作为研究对象，将样本期间选定为2007-2013年，并采用旅游上市公司年报公布的营业收入作为产出指标，固定资产及劳动人数作为投入指标，对国内旅游上市公司的全要素生产率进行研究，判断国内旅游上市公司TFP增长的主导力量。同时，将选作样本的25家国内旅游上市公司按照中国证监会颁布的《上市公司行业分类指引》划分为餐饮类、酒店类、景区类、综合类旅游上市公司，通过对这四个细分行业的TFP测度，分析各细分行业TFP增长的特点，同时分析四个细分行业的异质性。通过对2007-2013年25家旅游上市公司的TFP及其分解进行分析，得出以下结论：1，，国内旅游上市公司的全要素生产率表现出上升趋势，平均增长率为6.8%,其中技术进步的平均增长率为7.5%，技术效率的平均增长率为-8.2%。由此可见，国内旅游上市公司的TFP增长主要是由技术水平的增长带动，与工业、农业及服务业整体的测度结果基本一致。2，技术进步与技术效率值以及技术进步增长率与技术效率增长率都表现出反向变动的现象。3，旅游细分子行业存在异质性：综合类旅游上市公司的TFP均值高于其他细分行业的平均水平，且表现出明显的技术效率优势；餐饮类、酒店类、景区类旅游上市公司的TFP十分接近。从技术进步的表现上，餐饮与景区类技术进步水平要高于综合类旅游上市公司及酒店类旅游上市公司。在以上结论的基础上，从政府的政策扶持，旅游企业自身经营的改进，与科研组织合作三大方面提出了针对性的建议。
[Abstract]:The world economic growth mode has changed from simple single factor dependence to multi factor, and the impetus of economic growth is also from factor dependence to technical dependence. The technological contribution rate of economic growth has become the hot spot of research in various countries. According to the domestic and foreign scholars' research, Chinese industry and the source of agricultural TFP growth come from technological progress. The study of China's service industry shows that technological progress is the main driving force for the growth of TFP in the service industry. But at present, scholars have not much research on the TFP of China's tourism industry. The current research on China's tourism is mainly focused on TFP driving economic growth and TFP itself as the core power of economic growth, and exploring Chinese travel through the study of TFP. The growth of tourism is less motivated.
On the basis of a large number of literature review and theoretical study, this paper uses the Malmquist index method of non parametric DEA to choose 25 listed companies in Shanghai and Shenzhen two cities as the research object, the sample period is selected for 2007-2013 years, and the operating income published by the annual report of the tourism listed company is used as the output index, fixed assets and the number of labor. As the input index, this paper studies the total factor productivity of the domestic tourism listed companies and judges the leading force of the TFP growth of the domestic tourism listed companies. At the same time, 25 domestic tourism listed companies selected as samples are divided into restaurants, hotels, scenic spots and comprehensive categories according to the classified index of listed companies issued by the China Securities Regulatory Commission. Tourism listed companies, through the TFP measurement of these four sub sectors, analyze the characteristics of TFP growth in each sub sector, and analyze the heterogeneity of four sub sectors.
Through the analysis of the TFP and its decomposition of 25 listed companies in 2007-2013 years, the following conclusions are drawn: 1, the total factor productivity of domestic listed companies shows an upward trend, the average growth rate is 6.8%, the average growth rate of technological progress is 7.5%, the average growth rate of technical efficiency is -8.2%.. The TFP growth of the city company is mainly driven by the growth of the technological level, which is basically consistent with the measurement results of the industry, agriculture and service industry as a whole. The technological progress and technical efficiency value, the growth rate of technological progress and the growth rate of technical efficiency have shown a reverse change,.3, and the heterogeneity of the tourism fine molecular industry: comprehensive tourism. The TFP average of the city company is higher than the average level of other subdivision industries, and shows obvious technical efficiency advantages. The TFP of catering, hotel and scenic tourism listed companies is very close. From the performance of technological progress, the level of technical progress of catering and scenic spots is higher than that of comprehensive tourism listed companies and hotel listed companies. On the basis of the above conclusions, the paper puts forward some specific suggestions from three aspects: the government's policy support, the improvement of tourism enterprises' own operation, and the cooperation with scientific research organizations.
【学位授予单位】：南京林业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F592.6

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