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-  2011 

因特网、网点空间布局和区域因素影响证券公司效率的机理

DOI: 10.11821/yj2011110005

Keywords: 证券公司,营业部,空间布局,因特网,区域因素,效率,机理

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Abstract:

摘要: 研究因特网普及环境中的证券营业部空间布局等因素,以及影响证券公司投入产出效率的机理。逻辑分析各类因素综合影响公司效率的机理并提出理论假说,基于模型分析,构造一类新指标将区域因素和竞争因素整合到企业层面,利用2006~2008年横截面数据,运用DEA方法和Tobit模型实证考察各类因素与证券公司效率之间的联系。研究发现:因特网、区域变量和网点空间布局对公司效率均具有显著影响,竞争区域可能比竞争结构更重要,网点规模相对较高的公司效率反而较低。前述影响机理的显著存在性及其特征不但暗示着因特网普及的环境中证券公司仍需考虑网点选址和布局问题,还可为营业部的选址和空间布局策略、证券公司空间布局竞争力的评价和投资选择等问题提供策略启示

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