作　　者： ; ;

机构地区： 广州大学旅游学院

出　　处： 《旅游学刊》 2010年第2期23-28,共6页

摘　　要： 旅游企业普遍存在盈利能力较低的问题,旅游类上市公司在资本市场表现也不佳。本文收集了1998～2007年18家旅游类上市公司的混合数据,试图从规模报酬的角度分析这个问题。笔者采用普通最小二乘回归分析和瓦尔德检验,计算旅游类企业的资本产出弹性、劳动力产出弹性和规模报酬,并对酒店、景区和旅行社3个子行业进行比较。研究结果表明:旅游类上市公司的规模报酬递减,劳动力产出弹性显著大于资本产出弹性;3个子行业之间的资本产出弹性和劳动力产出弹性不存在差异,但是3个子行业之间的规模报酬存在差异。 Low profitability commonly exists in tourism businesses, which can be seen by the poor performances of tourism listed companies in the capital market. Having collected the pool data of 18 tourism listed companies from 1998 - 2007, the authors try to analyze this problem from the perspective of scale reward. By using OLS and Wald test, the paper measures their capital output elasticity, labor force output elasticity and scale reward and compares those in three sub-industries of hotels, scenic areas and travel services. The study results show that scale reward in tourism listed companies declines, labor force output elasticity is significantly larger than capital output elasticity and there does not exist any difference in capital output elasticity and labor force output elasticity among three subindustries, but differences exist in the scale reward among them.

关 键 词： 旅游类上市公司 规模报酬 资本产出弹性 劳动力产出弹性

领　　域： [经济管理] [经济管理]