The Research On The Efficiency Influence Factors Of The S Group’s Finance Company

With the rapid development of Chinese market economy,especially under the“large enterprise” policy orientation,domestic large enterprise groups are constantly emerging.Fund management should be the priority of financial management that play an important role in development of enterprise groups.At present,centralized fund management is considered as ideal mode in fund management of large enterprise groups.On this background,finance company is taken as the one of reform measures of national important large enterprise groups have developed rapidly.I’m leaned through practical work experiences in enterprise group,a unified impeccable efficiency evaluation system has not formed in domestic financial company by now.Regardless of finance company’s special functional position,most enterprise groups implement a same or similar evaluation system as on average company when they evaluate efficiency on finance company.It could not truly reflect actual efficiency level of financial company as well as analyze problems and improvement directions in their business operation through efficiency evaluation.To solve these problems mentioned above,taking finance company as research object in this article,I adopt a combination of qualitative and quantitative analysis on my research.First of all,the frequently-used efficiency evaluation methods are introduced,it is clear that the current evaluation systems are problematical.By comparison analysis between finance company and commercial bank and found there are many similarities.Therefore,take example by the mature efficiency evaluation method of commercial bank to do the same on finance company.Secondly,adopt the case of S group’s finance company in this article and select monthly business data from2010-2016.6.It could be calculated technical efficiency,purely technical efficiency and scale efficiency of S group’s finance company by using of DEA method.After efficiency evaluation on S group’s finance company,this article shows deep analysis on the factors which affect efficiency level of S group’s finance company.According to the finance company’s “fund collection,fund settlement,fund monitoring,financial service” of four positions required by S group,selected fund accumulation rate,settlement size and loan scale,the net contribution to the group and capital adequacy rate of five main influence factors as independent variables,can be separate calculated that technical efficiency,pure technical efficiency and scale efficiency as dependent variable.Through regression analysis method,analysis of the above influence factors to the efficiency of the financial company.By confirming the result,the loan scale and net contribution to S group have a significant impact on the finance company’s efficiency.On this basis,this article suggests to S group’s finance company some improvement actions.This article mainly has the innovations on: for the current research on efficiency evaluation of financial company is limited to the theoretical level,using actual case,input data that lead to more reliable result.Use the DEA method which always applies to commercial bank to analyze influence factors of efficiency have deepened on research of efficiency evaluation.In the result of actual case analysis,always follows closely the S group’s finance company to make conclusion more reality and with strong guiding significant in practice as well.