A Research On The Relationship Between Market Structure And Market Performance Of Chinese Trust Industry

Worldwidely speaking, trust, with more than 700 years history, has become one of the four most important industries in the finance market, and the other three are bank, insurance and securities. In our country, trust industry , with nearly 90 years, got its new chance to develop much better, especially after the laws published in 2001. But, the trust companies are still facing the challenges which come from the commercial banks, securities companies, insurance companies. So it's so vital to study market structure and its performance of trust industry that will make this industry develop fast, sustainably and healthy.After the theory"the traditional collusion hypothesis", whose another name is"SCP", that is structure-conduct-performance, is presented by Mason and Bain,"efficient structure hypothesis","mixed collusion/efficient structure hypothesis"are also published by Stigler,Demsetz,Baumol, Sherperd, Schanmalensee. All of these theories supplied the academic basic and the route of research. And next, the market structure factors, such as concentration ratio, product differentiation, market barrier were applied by lots of researchers to study the relationship between the market structure and market performance.This thesis studies trust industry as the research object, the"traditional collusion hypothesis"and"efficient structure hypothesis"as the theory basic, the development perspective as the analyze background, with the analysis of relationship between trust industry structure and performance, the application of DEA model and Malmquist index, and finally finds out the factor which has the most effect on the operating efficiency. And at last, the thesis will also provide some policies and suggestions with the compare between our native trust industry and foreign trust industry.