南華大學機構典藏系統:Item 987654321/7806
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    题名: Scale and Scope Economies of Futures Commission Merchants in Taiwan
    作者: Chih-Chiang Weng;Kuo-Liang Wang
    貢獻者: Department of Accounting,Shih Chien University;Department of Economics,National Chengchi University
    关键词: Scale economies;Scope economies;Seemingly unrelated regression
    日期: 2010-12-01
    上传时间: 2011-04-07 17:12:08 (UTC+8)
    出版者: 南華大學企業管理學系暨管理科學研究所
    摘要: Based on the survey data of Taiwan's futures commission merchants (FCMs) in 2004, this paper applies Zellner's seemingly unrelated regression technique to a simultaneous system of a translog multi-product cost function and its corresponding factor share equations to investigate the extents of scale and scope economies of Taiwan's FCMs. The empirical results show that product-specific scale economies exist for brokerage service, as well as proprietary and other services. Ray scale economies are significantly present. The degrees of ray scale economies and the scale economies specific to the brokerage service rise as firm sizes increase for relatively larger FCMs. Economies of scope exist especially for small-sized FCMs.
    關聯: 經營管理論叢
    6卷2期
    显示于类别:[本校期刊] 經營管理論叢
    [企業管理學系(管理科學碩/博士班,非營利事業管理碩士班)] 經營管理論叢

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