Evaluation and Influence of Chinese Enterprises' Financial Efficiency Based on the Malmquist Index

Table 3

Differences in the financial efficiency of China's interprovincial industrial enterprises due to changes in technical efficiency ().

Provinces	2007	2008	2009	2010	2011	2012	2013	2014	2015	2017	2018	Cumulative value
Beijing	−0.101	−0.044	−0.037	−0.272	0.022	0.960	−0.134	0.418	0.433	0.801	0.312	2.148
Tianjin	0.139	−0.490	0.213	0.139	−0.108	−0.072	−0.035	0.013	−0.006	−0.276	−0.004	−0.034
Hebei	0.066	−0.040	0.021	−0.004	−0.022	−0.036	−0.064	−0.017	−0.006	0.075	0.015	−0.040
Shanxi	0.028	−0.063	0.038	0.026	−0.025	−0.058	−0.044	−0.073	0.000	0.252	−0.070	−0.072
Inner Mongolia	0.130	0.461	−0.132	0.097	−0.195	−0.093	−0.155	−0.054	0.034	0.252	−0.073	0.199
Liaoning	0.091	0.007	0.083	−0.061	0.032	−0.038	−0.051	−0.177	−0.170	0.137	−0.066	−0.256
Jilin	0.003	0.064	0.064	0.029	0.040	0.004	−0.012	−0.009	0.052	0.062	0.050	0.248
Heilongjiang	0.163	−0.753	−0.088	−0.043	−0.077	−0.102	−0.154	−0.083	−0.010	−0.007	−0.066	−1.194
Shanghai	−0.021	−0.123	0.092	−0.179	−0.027	−0.029	0.007	−0.026	0.208	0.457	−0.393	−0.037
Jiangsu	0.035	−0.019	−0.002	0.032	0.097	−0.079	0.035	0.082	0.479	0.389	−0.424	0.628
Zhejiang	−0.015	−0.012	0.003	−0.028	−0.034	−0.058	−0.022	−0.032	0.238	0.160	0.077	0.284
Anhui	0.034	0.002	0.072	0.050	−0.045	0.030	0.003	0.030	0.067	0.026	−0.020	0.156
Fujian	−0.019	0.009	0.090	0.038	−0.126	−0.015	0.069	0.030	0.032	0.200	0.362	0.740
Jiangxi	−0.045	0.085	0.131	0.017	0.051	0.109	0.135	−0.151	−0.002	0.015	−0.043	0.063
Shandong	0.095	0.139	−0.610	0.104	0.455	−0.117	−0.173	−0.148	−0.317	−0.140	−0.423	−0.757
Henan	−0.029	0.221	−0.044	−0.016	−0.218	−0.051	0.025	0.010	0.009	0.103	−0.033	−0.045
Hubei	0.075	0.010	0.056	0.066	−0.049	0.045	0.031	0.028	0.017	0.088	−0.033	0.278
Hunan	0.008	0.047	0.062	0.079	−0.053	0.040	−0.008	0.055	0.042	−0.055	−0.008	0.153
Guangdong	−0.431	0.239	−0.031	−0.203	−0.080	0.046	0.161	−0.042	0.118	0.237	0.396	0.283
Guangxi	0.009	−0.002	0.055	0.034	0.018	0.026	0.042	0.083	0.077	−0.040	−0.046	0.291
Hainan	0.001	−0.013	0.002	0.100	0.011	−0.004	0.012	0.014	0.025	0.017	0.049	0.348
Chongqing	0.004	0.016	0.033	0.052	−0.048	0.078	0.007	0.050	0.069	0.077	−0.026	0.185
Sichuan	−0.004	0.065	−0.017	0.036	−0.048	−0.014	0.022	0.088	0.006	0.101	0.086	0.258
Guizhou	−0.004	0.023	−0.039	−0.027	0.130	−0.129	0.004	0.039	0.122	0.206	0.082	0.236
Yunnan	−0.008	−0.006	−0.027	−0.005	−0.017	0.006	0.010	−0.015	0.023	0.216	0.080	0.079
Shaanxi	0.292	−0.111	−0.058	0.078	−0.060	0.016	−0.209	−0.087	0.019	0.667	−0.305	0.344
Gansu	−0.056	−0.007	0.007	0.088	0.006	0.028	−0.072	−0.061	−0.028	0.016	0.005	−0.157
Qinghai	0.117	0.600	−0.380	0.008	1.659	−1.236	2.475	−3.093	0.255	−0.055	−0.436	−0.075
Ningxia	0.501	−1.534	−0.077	0.055	−0.192	0.044	−0.032	0.005	0.057	−0.009	−0.025	−1.326
Xinjiang	−0.090	−0.575	0.091	−0.146	−0.145	−0.013	−0.151	−0.095	−0.017	0.236	−0.102	−1.168
Average value	0.032	−0.060	−0.014	0.005	0.032	−0.024	0.057	−0.107	0.061	0.140	−0.036	—