中国上市券商竞争力评价——基于时序动态组合赋权评价模型

The Evaluation of the Competitiveness of Chinese Listed Securities Companies——Based on the Combination Weighting of Dynamic Sequence

本文通过构建上市券商竞争力评价模型,将宏观经济因素纳入评价体系,对中国22家上市券商竞争力水平进行评价,结果表明:券商所在地宏观环境因素对其竞争力影响显著;偿债能力是决定上市券商竞争力的关键因素;各上市券商盈利能力、偿债能力、成长能力、营运能力存在差异;广东上市券商的综合竞争力明显落后于北京和上海的券商。

The authors of this paper construct a model to evaluate the competitiveness of listed securities companies and incorporate the maeroeconomic factors into the evaluation system to evaluate the competitiveness of Chinese 22 listed se- curities companies. The results of the paper show that the macroeconomy of the regions in which the securities companies locate significantly impacts their competitiveness; the solvency is a key factor to determine the competitiveness; the prof- itability, solvency, growth ability and operational ability of the listed securities companies are at different levels, and the comprehensive competitiveness of listed securities companies in Shanghai. Guangdong is obviously lower than those in Beijing andShanghai.