| Trust, a important part of the modern financial system, plays a unique role in the economic and social development more and more evidently. During the development of trust company, its competitiveness and sustainable development ability centralism manifests in the trust company business efficiency level. Therefore, the trust company to evaluate the operational efficiency of level in our country, and analyzes the influence factors has important theory value and practical significance.In the static study, using the BCC model of DEA to analyze the samples from 2010 to 2014 the trust of the company’s technical efficiency, pure technical efficiency and scale efficiency, compares the regional difference of trust companies operating efficiency level in our country, and using the method of the super efficiency to achieve the efficient frontier of trust company order was full. Results show that:(1) Five years from 2010 to 2014, the technical efficiency values of trust companies are below 0.8, our business did not achieve the effective technology, technical efficiency value is relatively low. Trust company technical inefficiency in our country is mainly caused by pure technical efficiency is low, but the pure technical efficiency and scale efficiency gap tends to decrease year by year. (2) Trust company the technical efficiency of polarization serious in our country, the overall situation of present a jagged, and this kind of difference have a certain degree of expanding trend. (3) In the sample period of 5 years, There are more than 30 in the 52 trust companies in scale increasing return period, trust company of diminishing returns number of scale have slight rise. (4) The management efficiency of the trust company in China to present the characteristics of the regional imbalance, the eastern part of the trust company the highest efficiency, followed in the west and the central region of the trust company the lowest efficiency. (5) The non-technical effective investment in trust, the company’s employees, operating expenses and asset investment has larger redundancy. Compared with the trust companies invest saving space, trust company under the output at current levels of output less space of ascension. (6) This article screened out before the calendar year in efficiency after 10 and 10 trust companies. From the perspective of the sort, in the sample period, Chongqing Trust and Yuecai Trust ranked in the forefront, Tibet trust and Yunnan trust trust progress obviously. Compared to that, Shanxi trust and Pingan Trust have a poor performance. Aijian turst regress obviously.In the dynamic study, using time window DEA model to analyze the 52 trust company’s operating efficiency in the continuous time changes from 2010 to 2014, and combining the Malmquist index model technology to enter and technical efficiency is analyzed the influence of factors on the total factor productivity. Results show that:(1) from 2010 to 2013, over the years between the trust company management efficiency in China keep rising trend, by 2014, however, China’s trust companies operating efficiency fell. (2) The trust company of the number of business efficiency improvement,39 peaked in 2011, followed by a downward trend year by year. (3) From 2010 to 2014, trust company total factor productivity in China grew by 25.5%, the contribution of technological progress is the main force, and to promote the efficiency of technical contribution to the small, pure technical efficiency improvement for the contribution to the improvement of technical efficiency is greater than the scale efficiency improvement. (4) The sample period, China’s trust companies failed to do the improvement of technical efficiency and technical progress overall consideration and common development.In order to find the factors affecting the development of trust company long-term health, the article also from two aspects of theory and empirical analysis of the factors that influence efficiency levels of trust companies management in China. Theoretical analysis shows that the macro, industry, and micro factors will have an effect on the trust company business efficiency. Empirical analysis found that the sample period, the trust company is located the speed of economic development, company profit ability, debt management, cost control, personnel quality of trust has significant positive influence on operational efficiency, and its impact on the company size and its asset quality is not significant.Finally, combine of our country the level of trust company management efficiency evaluation and analysis of the influence factors, this article from the Angle of macroscopic, industry and enterprise level how to improve the level of management efficiency of the trust companies in our country puts forward several pertinent suggestions. |
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