军民融合是我国国防科技产业改革的重要指导思想。本文以“十大军工集团”所属的63家国内上市公司为样本，从企业层面运用SFA法测算了我国军民融合企业的技术效率，并采用LSDV法对影响军民融合企业技术效率的因素进行了分析。结果发现：军民融合企业的技术效率均值仅为0.459，但存在年均3%的增长幅度；军民融合企业的技术效率与其产品的民用化程度成正比，且存在显著的地区差异。产品差异化、企业规模、企业注册地经济发展水平、市场竞争程度、股本结构变动均对军民融合企业技术效率的提升有促进作用；股权集中与较高的国有持股比例则不利于企业技术效率的提高；此外，上述因素对企业技术效率的影响程度与企业产品的民用化程度有关

The civil-military integration is an important guiding ideology of the reform in China"s national defense science and technology industry. This paper selects "Ten military groups" owned, 63 domestic listed companies as samples. From the perspective of enterprise, this paper measures the technical efficiency of the samples by SFA model and applies LSDV method to empirically test the influencing factors of the technical efficiency. The results show that: the average technical efficiency of the samples is 0.459 only, but there is an average annual growth rate of 3%.The technical efficiency of a firm is proportional to the civil-oriented of its products and has significant regional disparity. Product differentiation, business scale,geographic region, market competition and changes in capital structures are good for promoting the technical efficiency of the civil-military integration firms, instead of the proportion of state ownership and ownership concentration. Besides, the impact of those influencing factors depends on the civil-oriented of its products.

]：国家自然科学基金青年基金“资源型地区地方公共投资效率与债务可持续性研究(71303182)”、中国博士后基金“我国债券利差与地方债务风险研究(2012M511987)”,西北工业大学人文社科创新基金“资源诅咒、政企合谋与区域经济增长研究(3102015RW003)”,西北工业大学高层次人才引进基金“最优金融结构与资源型地区经济转型研究(15GH0314)”。