基于随机前沿分析的中国文化上市企业生产率测算研究

The Total Factor Productivity of Chinese Cultural Listed Company——Based on the Stochastic Frontier analysis

利用1998-2012年中国文化上市企业的相关财务指标数据,应用随机前沿分析方法对69家文化企业的全要素生产率(TFP)进行了测算并进行了组别分布分析,研究表明:1998-2012年间全要素生产率的平均水平为0.78,说明在既定潜在产出不变的前提下还可以节约22%的投入;通过对分布形式及组别分析的探讨可以发现,中国文化企业的业绩提升主要依靠规模扩张的粗放型方式来实现,而并非通过集约型的生产率提升来实现。

Based on the relevant financial indicators data of Chinese culture listed companies in 2008-2012,this paper using stochastic frontier method,estimates the total factor productivity（TFP）growth of about 69 cultural enterprises and make decomposition analysis.The results show that the average of Total factor productivity is 0.78,the premise of potential output constant can also save 22%of the investment.By analyzing the distribution form and group discussion,this paper finds that Chinese cultural enterprises performance ascension relies mainly on extensive way to realize its scale expansion,rather than by intensive productivity improvements.Finally,the paper puts forward the corresponding policy recommendations.