运用DEA模型对我国44家信托公司2009--2014年的经营效率进行分析与评价,并利用Tobit回归模型对信托公司经营效率的影响因素进行理论假设与检验,结果表明:我国信托公司技术效率均值呈波段上升趋势,但整体不高,仍有较大增长空间;公司规模、净资产收益率及信托收入占比对信托公司的经营效率具有显著的推动作用,成本收入比与效率呈显著的负相关;而在不良资产可控的前提下,适度的风险经营将有利于效率的提高。
By using DEA model, this paper analyzes and evaluates the operating efficiency in years of 2009--2014 of 44 Chinese trust companies, puts forward the theoretical hypothesis on the influencing fac- tors for the trust companies' operating efficiency and fulfills the hypothesis test with Tobit regression model. Results show that the average technical efficiency of Chinese trust companies reflects a band rising trend, but it is not high and there is still a large room for growth as a whole~ the company size, return on equity and percentage of the trust income significantly promote trust companies' operating efficiency, and the cost income ratio negatively relates to efficiency on the premise of controlling non-performing assets, moderate venture is beneficial to the improvement of efficiency.