Earticle

초록

영어

This study investigates the relationship between firm size and productivity in the Korean securities industry for the period 2000-2006. We estimate, using a mathematical programming technique, the Malmquist productivity index and decompose the index into two different components, efficiency change and frontier change. The results shows that on average large size firms have exhibited relatively lower level of productivity index than small size firms during the sample period and the increase in asset has not enhanced productivity. Other important findings are as follows; First, the Malmquist productivity indices have been greater than one for the entire period. The industry has increased its productivity about 6.4% per year. Second, productivity change has contributed to productivity more than efficiency change. Third, the productivity has been positively affected by return on assets, cyber trading, dealer and underwriting business. Overall the securities industry has over-invested during the period. The findings suggest that individual security firms may be able to improve productivity by choosing differential strategies depending upon scale and output combinations.

목차

Ⅰ. 서론
 Ⅱ. 선행 연구 검토
 Ⅲ. 연구 방법
 Ⅳ. 실증 분석 결과
 Ⅴ. 결론
 참고문헌
 Abstract

키워드

저자

• 장진숙 [ Jinsook Jang | 이화여자대학교 경영대학 ]
• 지홍민 [ Hongmin Zi | 이화여자대학교 경영대학 ] 교신저자

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  생산성연구: 국제융합학술지 [Productivity Research: An International Interdisciplinary Journal]

• 간기

  격월간

• pISSN

  1225-3553

• 수록기간

  1987~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 325 DDC 330