| With the continuous implementation of relevant preferential policies in the vocational education industry,more and more enterprises are participating in China’s vocational education market,and the vocational education market is developing at an unprecedented speed and the volume is getting larger and larger.Vocational education refers to education that enables the educated person to acquire the professional knowledge,skills and professional ethics required for a certain occupation or productive labour.With the steady and healthy development of the national economy,the importance of vocational education has become more and more prominent,and the state has also put forward the development idea of attaching equal importance to vocational education and general education.Vocational education schools have trained a batch of skilled talents for the society,which is of great significance to the prosperity and development of China’s economy.However,with the implementation of the "double reduction" policy,some K12 education companies have also begun to shift their business scope to the field of vocational education.In addition,due to the development of the epidemic in recent years,it will inevitably have an impact on the operational efficiency of China’s vocational education listed companies.In such a complex context,improving the operational efficiency of enterprises and enhancing the comprehensive competitiveness of China’s vocational education listed companies will inevitably become a problem worthy of in-depth study.Therefore,this paper uses the panel data of vocational education listed companies from 2015 to 2020 to study the operating efficiency of vocational education listed companies in my country,and mainly does the following work:First of all,by combing the research methods and the construction of the index system on business efficiency at home and abroad,the research methods of the operating efficiency of listed vocational education companies in China are clarified,and the index system for evaluating the operating efficiency of listed vocational education companies in China is constructed,and through the input and output of each company in business activities,the DEA method is used to calculate the operating efficiency value of China’s vocational education listed companies,and the operating efficiency of China’s vocational education listed companies is decomposed and analyzed;According to the existing research on the influencing factors of efficiency,reasonable assumptions are made about the influencing factors of the operating efficiency of listed companies in China’s vocational education,and the results of the Tobit regression model are used to judge whether the previous assumptions are correct;finally,according to the empirical results obtained before,corresponding solutions are proposed to improve the operating efficiency of listed vocational education companies in China.This paper draws the following conclusions through empirical analysis:(1)From the perspective of static efficiency,the comprehensive technical efficiency value of two-thirds of the listed vocational education companies in the sample has not reached the optimal production frontier during the research period.The efficiency is low,and there is still a large room for improvement,and the annual average value of comprehensive technical efficiency of each enterprise varies greatly,indicating that the gap between different companies is obvious;(2)From the perspective of dynamic evaluation,all listed companies in vocational education in my country are The factor productivity index first experienced rapid growth and then experienced a slow decline,mainly due to the low return to scale change index;These factors all have a positive impact on the operating efficiency of listed companies in vocational education in my country.The higher the management expense ratio and the asset-liability ratio,the lower the company’s operating efficiency.The company can no longer improve the company’s operating efficiency by increasing the asset-liability ratio. |
