摘要
将资产总额、资产负债率、速动比率作为投入指标,净资产收益率、托宾Q值作为产出指标,选取2011—2015年我国24家钢铁上市公司的相关数据,对我国钢铁上市企业的融资效率进行数据包络分析(DEA).结果表明:我国钢铁上市企业的融资效率有下降态势,且融资效率存在纯技术效率无法取得实质性突破、企业规模报酬递减等问题.针对融资效率存在的问题提出了相应对策建议.
Taking total assets, asset-liability ratio and quick ratio as input indicators, return on equity and Tobin Q value as output indicators,data envelopment analysis （DEA） was used to analysis the financing efficiency of 24 listed steel companies based on the relevant data from 2011 to 2015. The results show that there are some problems such as a downward trend of the financing efficiency, the pure technical efficiency can not make substantive breakthrough, enterprise scale returns is diminishing and so on. Finally, corresponding countermeasures and suggestions aiming at the existing problems of the financing efficiency were put forward.
出处
《上海工程技术大学学报》
CAS
2016年第4期370-374,共5页
Journal of Shanghai University of Engineering Science
基金
国家社会科学基金资助项目(12BTJ008)
安徽省教育厅自然科学研究资助项目(KJ2013Z001)
国家级大学生创新创业训练计划资助项目(201610378400)
关键词
钢铁企业
融资效率
纯技术效率
规模效率
数据包络分析
steel companies
financing efficiency
pure technical efficiency
scale efficiency
data envelopment analysis（DEA）
