Social transformation caused by the rapid development of the public welfare fund has become an important third party power of social governance. Chongqing city, is an example of a municipality directly under the central government and urban and rural reform pilot area and the public welfare fund has played an important role in resolving social contradictions and improving social governance capacity. Based on the Chongqing 27 public welfare fund 2013 annual assessment report data, using the DEA– Tobit two-stage method, we have evaluated the organization’s social performance and economic performance and its influencing factors. The results show that comprehensive technical efficiency of 27 fund average is 0.905, with 40.7% of organizations achieving the production frontier. For nonefficient organizations, Tobit regression results showed that the raise type, financial assets management, project innovation, and sustainability have a positive influence on the comprehensive technical efficiency (TE), pure technical efficiency (PTE) and scale efficiency (SE). Social donation has a positive effect on TE and PTE, and human resource management is an important factor of PTE. At last, we put forward policy suggestions from three aspects: human capital management, project innovation, and the organization operation standard.

中文翻译：

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基于DEA-Tobit模型的公益金绩效评价研究-以重庆市为例

公益金的快速发展引起的社会转型已成为社会治理的重要第三者力量。重庆市是直辖市和城乡改革试点地区的一个例子，公益基金在解决社会矛盾，提高社会治理能力方面发挥了重要作用。根据重庆市27公益金2013年度考核报告数据，采用DEA-Tobit两步法，对组织的社会绩效和经济绩效及其影响因素进行了评估。结果表明，27只基金的综合技术效率为0.905，有40.7％的组织达到生产前沿。对于效率低下的组织，Tobit回归结果表明，募集类型，金融资产管理，项目创新和可持续性对综合技术效率（TE），纯技术效率（PTE）和规模效率（SE）产生积极影响。社会捐赠对TE和PTE产生积极影响，而人力资源管理是PTE的重要因素。最后，从人力资本管理，项目创新和组织运作水平三个方面提出了政策建议。