摘要：This study evaluates the technical efficiency, productivity change of financial companies listed in
the Malaysian stock exchange (Bursa Malaysia) and examines the effects of productivity change
on efficiency over the period 2007–2016. Moreover, this study also concentrates on the ranking of
financial companies according to their efficiency scores. Data Envelopment Analysis (DEA) is
utilized on a Malmquist Productivity Index in order to calculate the financial companies’ efficiency
scores. The results of this study show that some firms were fully efficient. The results implied that
these companies were in optimal control of their inputs or resources to generate the maximum
outputs. Also, the results indicate a tremendous productivity gain was mostly because of a positive
shift in frontier technology and positive shift in technical efficiency. This study is significant because
it helps to identify the efficient companies from the financial sector in Malaysia based on
multiple inputs and outputs by using the DEA model. Common misspecification problems observed
that instability of efficiency scores over productivity.
关键词：Bursa Malaysia;
DEA;
Efficiency;
Financial Company;
Malmquist productivity index
