论文部分内容阅读
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市场结构对绩效的影响作用,并得出基本结论:我国证券业集中度、证券业规模与绩效都呈正相关,但集中度的相关系数较大,意味着提高证券业集中度可以提升绩效水平;而我国证券业规模与绩效的相关系数较小,表明证券市场规模对我国证券行业的整体绩效影响十分微弱,规模效应并不明显。
In this paper, the SCP framework of industrial organization theory is taken as a starting point.The empirical analysis tests the influence of the securities market structure on the performance, and draws the basic conclusion: the securities industry concentration, securities industry scale and performance are positively correlated, but the concentration The correlation coefficient is larger, which means that raising the concentration of the securities industry can improve the performance level. However, the correlation coefficient between the size and performance of the securities industry in our country is small, indicating that the size of the securities market has very little impact on the overall performance of the securities industry in our country and the scale effect is not obvious .