基于NEW-COST-DEA模型的中国上市物流公司成本效率研究

Investigating Cost Efficiency of China Logistics Public Companies Based on NEW-COST-DEA

文章应用NEW-COST-DEA模型对17家上市物流公司2007—2009年间的成本效率进行了测评。结果显示17家上市物流企业成本效率普遍较低,成本效率均值只有39.9%,尚有60.1%的提升空间。中西部、环渤海地区物流公司的成本效率高于长三角和珠三角的公司。根据成本效率与净利润聚类,17家公司分为四种模式:高效率—高利润、高效率—低利润、低效率—高利润、低效率—低利润。仅有3家公司在少数时段处于高效率—高利润模式;多数公司处于低效率—低利润的模式,其应根据自身特点采取不同的路径改善成本效率和净利润水平,相关部门应出台更为细化的政策提高物流行业的集中度和规模水平。

The article studies the trends and changes of cost efficiencies for 17 logistics public companies during 2007 -2009 by NEW - COST - DEA, SUPER - CCR - DEA and SUPER - BCC - DEA models. The result shows that the average cost efficiency is only 39. 9%. There is still a long way to go to promote new cost efficiencies. The cost efficiencies of logistics public companies in Hainan, Sichuan and Hunan provinces is the highest, and then Circum - Bohai - Sea Region, Yangzi Delta, Zhujiang Delta ＆ Fujiang. 17 companies could be divided into four clusters based on the cost efficiencies and net profits, i. e. high efficiency-high profit, high efficiency-low profit, low efficiency-high profit, low efficiency-low profit. There are only 3 companies below to high efficiency-high profit during limited time. Most bellow to low efficiency-low profit cluster. And there are different paths for these companies and governments to improve their performantes.