Research on the Performance Evaluation of Public Welfare Fund Based on DEA - Tobit Model: Chongqing Example

Abstract

Social transformation caused by the rapid development of the public welfare fund has become an important third party power of social governance. Chongqing city, is an example of a municipality directly under the central government and urban and rural reform pilot area and the public welfare fund has played an important role in resolving social contradictions and improving social governance capacity. Based on the Chongqing 27 public welfare fund 2013 annual assessment report data, using the DEA– Tobit two-stage method, we have evaluated the organization’s social performance and economic performance and its influencing factors. The results show that comprehensive technical efficiency of 27 fund average is 0.905, with 40.7% of organizations achieving the production frontier. For nonefficient organizations, Tobit regression results showed that the raise type, financial assets management, project innovation, and sustainability have a positive influence on the comprehensive technical efficiency (TE), pure technical efficiency (PTE) and scale efficiency (SE). Social donation has a positive effect on TE and PTE, and human resource management is an important factor of PTE. At last, we put forward policy suggestions from three aspects: human capital management, project innovation, and the organization operation standard.