Title: Research on productive efficiencies measurement of Chinese toll highway enterprises based on super-efficiency DEA and windows analysis
Authors: Changbing Jiang; Shufang Li; Liang Li
Addresses: School of Management Science and Engineering, Contemporary Business and Trade Research Center, Zhejiang Gongshang University, Hangzhou 310018, China ' School of Accounting and Finance, Zhejiang Vocational College of Commerce, Hangzhou 310053, China ' School of Management Science and Engineering, Zhejiang Gongshang University, Hangzhou 310018, China
Abstract: Super-efficiency DEA-CCR/BCC and Windows analysis models are firstly used to analyse the productive efficiencies of Chinese toll highway enterprises listed on the Shanghai and Shenzhen stock markets during 2004 and 2013. Through cross-sectional data and panel data analysis, the research indicated that (a) the large-scale toll highway enterprises have no significant advantage of productive efficiency over the middle and small-scale toll highway enterprises; (b) Chinese toll highway enterprises show decreasing returns to scale except for several enterprises which have scale efficiency at present; (c) the productive efficiencies productivity shows large annual differences; (d) there is great effect on productive efficiencies whether toll highway enterprises could reduce the cost of production to a certain extent; (e) the productive efficiencies of Chinese toll highways are low as a whole; (f) with increasing age of enterprise established, the productive efficiencies of Chinese toll highway enterprises show volatility and slowly rising overall trend.
Keywords: toll highway enterprises; productive efficiencies; data envelopment analysis.
International Journal of Wireless and Mobile Computing, 2017 Vol.13 No.4, pp.336 - 349
Received: 05 Jun 2017
Accepted: 29 Oct 2017
Published online: 11 Jan 2018 *