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來源資料
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題 名 | 臺灣金融保險產業之資料包絡分析策略矩陣定位研究--以2011年度上市公司為例=Strategic Matrices of Data Envelopment Analysis for Finance and Insurance Companies Listed in Taiwan in 2011 |
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作 者 | 陳新民; 羅乾鐘; | 書刊名 | 聯大學報 |
卷 期 | 11:1 2014.06[民103.06] |
頁 次 | 頁207-221 |
分類號 | 562 |
關鍵詞 | 臺灣金融保險產業上市公司; 相對經營效率; 資料包絡分析策略矩陣; Finance and insurance companies listed in Taiwan; Relative operating efficiency; Data envelopment analysis strategic matrix; |
語 文 | 中文(Chinese) |
中文摘要 | 本研究整合資料包絡分析(Data Envelopment, DEA)的相對經營效率與關鍵績效指標(Key Performance Indicator, KPI)為資料包絡分析策略矩陣(DEA Strategic Matrix, DEASM),以2011年臺灣金融保險產業35家上市公司為受評估的決策單位(Decision Making Unit, DMU),同時利用相對的經營效率及絕對的績效指標,分析非屬金融控股集團經營之銀行業、保險業、證券投資業,以及金融控股業等四業別的公司在策略矩陣中的定位。本研究依上市公司股東及投資人最為關切公司的獲利能力及股價估值,選擇每股盈餘及益本比等2項財務指標為關鍵績效,分析個別上市公司經營的效率與績效定位,並依定位的結果,揭示業者應該改善的方向與重點。本研究發現:保險業及證券投資業的所有公司,以及金融控股業半數以上的公司,在經營上都具有效率;反之,非屬金融控股集團經營的獨立銀行業者則多數公司的經營都未達效率。在獲利能力與股價估值的矩陣分析中,則顯示保險業有半數以上的公司可以定位為高效率且高績效的標竿者,而證券投資業的公司則多數定位於效率高但績效低的待汰者。 |
英文摘要 | In this study, the relative efficiency obtained by data envelopment analysis (DEA) and the key performance indicator (KPI) are integrated into a data envelopment analysis strategy matrix (DEASM). The DEASM can be used to evaluate the relative efficiency and the absolute performance of a decision making unit (DMU), simultaneously. 35 Companies of Finance and Insurance listed in Taiwan in 2011 were illustrated in our study. Based on the characteristics of listed companies, two financial indicators including the profitability (Earnings Per Share,EPS) and the security valuation (Earning-to-Price Ratio, E/P) are chosen as performance indicators that are most concerned by the shareholders and investors. The position of a company in DEASM indicates the orientation and focus for the company to improve its efficiency and/or performance. Results found in this study show that all companies in Insurance and Securities Investment industries and more than half of companies in Financial Holding Groups are operated efficiently. However, the majority of independent banking companies that aren't a member of any Financial Holding Group are operated inefficiently. In the analysis of efficient-performance matrix, more than half of companies in Insurance industry are benchmarks with higher efficiency and performance. On the other hand, the most companies in Securities and Investment industry are candidates for divestiture due to higher efficiency but lower performance. |
本系統中英文摘要資訊取自各篇刊載內容。