The Application Of DEA Method In Financial Performance Evaluation Of Real Estate Listed Companies

Real estate industry is one of the pillar industry of our country,and it is closely related to the whole national economic system.On the one hand,the rapid development of the real estate industry has led to the prosperity of many industries,on the other hand,it can be sustained and healthy development is influenced by the constraints of the national economy.Real estate listed companies in real estate industry is representative of the enterprise,combined with the real estate listed company quantity increasing year by year,increasingly fierce competition,whether the real estate listed companies can successfully mitigate the influence of these two pressures on themselves is related to the future fate of the real estate listed companies,the real estate listed companies are the main investors of the public,therefore,listed companies must earnestly implement relevant information disclosure obligation,on the listed company shareholders,creditors and the supervision of the government and so on various aspects influence,promote enterprises to improve and perfect the internal operation mechanism,to improve their efficiency,long-term healthy development,but at this stage of various evaluation methods of financing performance of listed companies of real estate,how to make use of existing information scientific and accurate evaluation of the real estate industry is particularly important.In this paper,62 listed companies of real estate industry are selected,first of all from the static Angle,the BCC model in DEA method is used to evaluate the performance of real estate listed companies,and used the method of the gray oblique relatedness combination,solved the problem of reordering of effective sample companies cannot be solved by DEA method,and then from two dimensions of horizontal and vertical detailed performance analysis;Secondly,it analyzes the efficiency changes of listed companies from 2012 to 2016 from the dynamic point of view,and analyzes the financial performance of the listed real estate companies from two aspects of time and samples;Thirdly,the financial performance of listed real estate companies is compared with that of regional and corporate equity concentration and equity.Finally,the difference of productivity index between listed companies in China's real estate industry is obvious,and the overall efficiency is low,the technological progress and innovation is driven by our country real estate industry total factor index,improve the important f-actor of production,at the same time for technical analysis efficiency,pure technical efficiency change trends comprehensive efficiency changes with the same scale efficiency fails to play a role corresponding contribution,in addition,found in a second-tier cities of the business performance of no significant difference between the real estate listed companies,state-owned enterprises is more efficient than the private enterprises,ownership concentration and the performance of the real estate listed companies is positively correlated relationship.