Abstract

Education science and technology has become a top priority in building a strong country. Therefore, it is necessary to study the operating conditions of education science and technology enterprises (EST). Based on the analysis of the financial statements of 63 education science and technology enterprises listed on A shares, taking the total business income and net profit as the output factors, taking the fixed assets value and the staff salaries as the input elements, we use the two-stage super efficiency DEA-Tobit model to make an empirical analysis. The results show that: the western region of the education science and technology enterprises operating efficiency should be higher than other areas, and pay taxes, debt scale and the proportion of property rights are the main factors influencing the education science and technology enterprises business efficiency of technological innovation, and the operation efficiency of EST: asset liability ratio and the proportion of property is higher than that of the inefficient management the enterprise, which means the former is better at play "leverage effect", therefore, it will help to improve the operational efficiency of the education science and technology enterprises by improving the scale of debt and increasing the policy support to the education science and technology enterprises.

Highlights

  • After the end of the cold war, with the reduction of military expenditure and the shrinking scale of military enterprises, countries began to reform the military industry, among which the development of military education technology model is an important direction of reform

  • Education advanced technology enterprise bear the infiltration and fusion the historical mission of science and technology, there is a strong support of the country, but in essence is the enterprise market, its operating efficiency to a great extent, are at the mercy of market rules, especially the original national defense war industry enterprise mainly rely on the government's transfer payment to maintain its operation, in the process of "conversion" is bound to strongly impact by the market, further study of the present stage education technology enterprise management status, increase operational efficiency is important

  • 63 listed companies with civil-military integration were ranked by super-efficiency DEA model, and several factors affecting civil-military integration were analyzed by combining with Tobit model

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Summary

Introduction

After the end of the cold war, with the reduction of military expenditure and the shrinking scale of military enterprises, countries began to reform the military industry, among which the development of military education technology model is an important direction of reform. Education advanced technology enterprise bear the infiltration and fusion the historical mission of science and technology, there is a strong support of the country, but in essence is the enterprise market, its operating efficiency to a great extent, are at the mercy of market rules, especially the original national defense war industry enterprise mainly rely on the government's transfer payment to maintain its operation, in the process of "conversion" is bound to strongly impact by the market, further study of the present stage education technology enterprise management status, increase operational efficiency is important

Literature review
Traditional DEA model
Super-efficient DEA model
Tobit model
Index selection
Sample selection
The empirical analysis
Tobit variable selection
Regression results
Conclusions and Suggestions
Full Text
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