[1]刘明珠,赵自强.证券公司商业模式、外部环境与绩效——基于结构方程模型实证分析[J].南京师范大学学报(工程技术版),2020,(01):084-92.[doi:10.3969/j.issn.1672-1292.2020.01.012]
 Liu Mingzhu,Zhao Ziqiang.Business Model,External Environment and Performance of Securities Companies—Empirical Analysis Based on Structural Equation Model[J].Journal of Nanjing Normal University(Engineering and Technology),2020,(01):084-92.[doi:10.3969/j.issn.1672-1292.2020.01.012]
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证券公司商业模式、外部环境与绩效——基于结构方程模型实证分析
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南京师范大学学报(工程技术版)[ISSN:1006-6977/CN:61-1281/TN]

卷:
期数:
2020年01期
页码:
084-92
栏目:
应用经济学
出版日期:
2020-03-15

文章信息/Info

Title:
Business Model,External Environment and Performance of Securities Companies—Empirical Analysis Based on Structural Equation Model
文章编号:
1672-1292(2020)01-0084-09
作者:
刘明珠12赵自强2
(1.南京师范大学计算机科学与技术学院,江苏 南京 210023)(2.南京师范大学金陵女子学院,江苏 南京 210023)
Author(s):
Liu Mingzhu12Zhao Ziqiang2
(1.School of Computer Science and Technology,Nanjing Normal University,Nanjing 210023,China)(2.Ginling College,Nanjing Normal University,Nanjing 210023,China)
关键词:
证券公司商业模式绩效结构方程
Keywords:
securities companiesbusiness modelperformancestructural equation
分类号:
F272.3
DOI:
10.3969/j.issn.1672-1292.2020.01.012
文献标志码:
A
摘要:
以我国上市证券公司为研究对象,通过结构方程模型就证券公司商业模式、外部环境与绩效间的关系进行实证分析,结果表明:证券公司的商业模式对绩效有显著的正向影响; 外部环境对绩效有显著的负向影响; 同时,证券公司所处外部环境对其商业模式有正向影响. 分析其原因是:由于互联网、大数据等的快速发展,导致外部环境日新月异,复杂的行业环境、政策环境和快速变化的经济环境促使证券公司不断调整企业的商业模式,从而面对环境对企业的一系列冲击,新商业模式的运作逐渐稳定并适应外部环境时,可以促进证券公司绩效的提高. 最后基于实证结论提出了证券公司在商业模式创新方面的相关建议.
Abstract:
The relationship between the business model,external environment and performance of the listed securities companies in China is empirically analyzed through the structural equation model. Results show that the securities of the company’s business model have significant positive effects on the performance,the external environment has a significant negative effect on performance,at the same time,the external environment of the securities firm has a positive effect on its business model. By analyzing the reasons,we can realize that due to the rapid development of Internet and big data,the complex industry environment,policy environment and rapidly changing economic environment prompt securities companies to constantly adjust their business models to face a series of environmental shocks to business. When the operation of the new business model is gradually stable and adapted to the external environment,it can promote the improvement of the performance of the securities firm. Based on the empirical results,the paper puts forward some suggestions on business model innovation of securities companies.

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备注/Memo

备注/Memo:
收稿日期:2019-03-05.
基金项目:江苏省社会科学基金项目(14GLB004).
通讯作者:赵自强,博士,教授,研究方向:金融市场研究与财务会计. E-mail:45036@njnu.edu.cn
更新日期/Last Update: 2020-03-15