摘要
本文以产业组织理论的SCP框架为出发点,实证分析检验我国证券业集中度、规模对绩效的影响作用,并得出基本结论:我国证券业集中度与绩效呈正相关,意味着提高证券业集中度可以提升绩效水平;我国证券业规模与绩效呈负相关,表明目前我国证券行业还没有达到规模经济状态。
By using the framework of SCP theory of industrial organization, the paper analyses and verifies concentration-ratio, scale and their effect on the performance of China's securities industry. The conclusions are as follows. First, the concentration-ratio is positively related to the performance and thus implies that increasing the concentration-ratio will improve the performance of China's securities industry. Second, the current negative relationship between the scale and the performance indicates that China' s securities industry has not yet stepped on the stage of economies of scale. Some relevant polices suggestions are put forward.
出处
《金融研究》
CSSCI
北大核心
2004年第1期70-77,共8页
Journal of Financial Research
关键词
证券业
集中度
规模
绩效
Securities industry, Concentration - ratio, Scale Perfonnance
