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    Title: 台灣期貨商經營效率之研究
    A Study of Operating Efficiency of Futures Commission Merchants in Taiwan
    Authors: 劉純斌
    Liu,Chun-Pin
    Contributors: 王國樑
    翁志強



    劉純斌
    Liu,Chun-Pin
    Keywords: 技術效率
    資料包絡分析法
    Tobit截斷迴歸模型
    Date: 2004
    Issue Date: 2009-09-14 12:44:40 (UTC+8)
    Abstract: 國內期貨市場自1998年建立以來將近6年,客戶及交易量均大幅成長,但期貨商家數卻不增反減,經營效率不佳之期貨商,並不會因為期貨市場快速成長而享有利益,個別期貨商為求永續經營與成長,惟有追求經營效率不斷地改善。本文以台灣2002年及2003年兩年度全體合計46家專營期貨商為研究對象。首先,利用資料包絡分析法投入導向模型評估每家期貨商之經營效率;然後,以Tobit截斷迴歸模型探討可能造成期貨商之間經營效率差異的影響因素。由技術效率評估結果發現,(一)專營期貨商規模效率平均值近乎於1,且造成其技術無效率之主要原因為資源浪費,在投入資源運用上仍存在相當大的改善空間;(二)絕大多數專營期貨商之生產規模處於固定規模報酬階段,而不具規模效率之專營期貨商的生產規模均處於遞減規模報酬階段。Tobit截斷迴歸實證結果顯示,(一)網路下單比率與業務集中度對技術效率有正向關係;(二)營業家數與違約或錯帳占總營收比率對技術效率有負向關係;(三)從事自營或顧問業務之專營期貨商的技術效率優於其他的。
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    Description: 碩士
    國立政治大學
    行政管理碩士學程
    91921035
    93
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0919210351
    Data Type: thesis
    Appears in Collections:[行政管理碩士學程(MEPA)] 學位論文

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