基于所有制形式的中国房地产上市企业技术效率分析

发布时间：2018-01-13 12:27

本文关键词：基于所有制形式的中国房地产上市企业技术效率分析　出处：《华南理工大学》2014年硕士论文　论文类型：学位论文

【摘要】：房地产业是国民经济的重要产业，不仅对国民经济发展有重要推动作用，还对社会民生有重大影响。从1998年取消福利分房制度以来，房地产业取得了飞速的发展，吸引了大量的资金，包括国有资金、国内私有资金和境外资金。经过多年的发展，，培育了一批规模庞大的房地产企业；2013年销售额超过1000亿元的房地产企业有7家之多，这类企业的经营效率到底如何值得探讨。对这些企业的经营效率的研究，特别是不同所有制形式的房地产企业，具有理论上和现实上的紧迫性、必要性。本文的第三章利用全国商品房销售情况、房地产开发企业情况历年数据分析了全国房地产业的基本情况，利用赫尔芬达尔赫希曼指数重点分析了中国房地产业的市场集中度；研究表明，2012年末，全国房地产业行业集中度CR8为9.1%，属于竞争型，但是历年的行业集中度在减小。在本文的第四章，对中国房地产上市公司经营效率进行了实证分析，根据房地产企业控股主体所有制形式将房地产企业分为国有控股、境内自然人控股、境外自然人控股、无控股主体四类，选取了31家上市房地产公司历年的年报数据，共211个决策单元，利用BC2-DEA模型和超效率DEA模型，对四类房地产企业经营效率进行了2012年截面数据分析和时间序列上的动态变化分析，详细分析了四类企业在技术效率、纯技术效率、规模效率等方面的区别与联系。研究发现，国有控股企业的技术效率和纯技术效率最低，但是规模效率较高；境外自然人控股企业的技术效率仅高于国有控股企业，但是纯技术效率较高，规模效率最小；境内自然人控股企业、无控股主体企业的技术效率较好，两者比较接近，但前者的规模效率较低，需要适当控制企业经营规模。
[Abstract]:The real estate industry is an important industry of the national economy, not only has an important role in promoting the development of national economy, but also have a significant impact on the livelihood of the people. Since the abolition of the welfare housing system in 1998, the real estate industry has achieved rapid development, attracting a large number of funds, including state-owned capital, domestic private funds and foreign funds after. After years of development, cultivate a large number of real estate companies; in 2013 sales of more than 100 billion yuan of real estate enterprises is 7, the operating efficiency of the enterprise in the end how worthy of study. Study on the operating efficiency of these enterprises, especially the different forms of ownership of real estate enterprises, it is urgent and the theoretical and practical necessity.
In the third chapter, using the national commercial housing sales data, real estate development enterprises over the years, analyzes the basic situation of the real estate industry, analyzes the Chinese real estate market concentration using the Herr Finn Dahl Hirshman index key; research shows that at the end of 2012, the national real estate industry concentration is 9.1% CR8, which belongs to the type of competition. But over the years the industry concentration decreased. In the fourth chapter, the China real estate business efficiency of listed companies by empirical analysis, according to the real estate enterprises holding the main form of ownership of real estate will be divided into state-owned enterprises, domestic natural person holding foreign natural person holding, without holding the main four categories selected the 31 listed Real Estate Company annual report data, a total of 211 decision-making units, using the BC2-DEA model and the super efficiency DEA model, four types of real estate business efficiency The dynamic changes of 2012 sectional data analysis and time series analysis, a detailed analysis of the four types of enterprises in the technical efficiency, pure technical efficiency, scale efficiency and other aspects of differences and relations. The study found that the minimum technical efficiency of state-owned holding enterprises and pure technical efficiency, but the scale efficiency is higher; the technical efficiency of foreign natural person holding enterprises the only higher than the state-owned enterprises, but the pure technical efficiency, scale efficiency minimum; domestic natural person holding enterprises, technical efficiency without holding the main business is good, but they are close to the size of the efficiency of the former is relatively low, need to properly control the scale of operation enterprises.

【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F273.1;F299.233.4

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