VANKE(SZ:000002) Sou Hu Cai Jing·2025-11-30 02:04Core Insights - The report analyzes corporate resilience from 2006 to 2024 using a production function framework, highlighting the relationship between resource allocation and productivity metrics during disruptions [1][2] - Resilience is defined as the ability of a company to withstand shocks and recover quickly, measured through changes in total factor productivity (TFP) [1][2] Summary by Sections Methodology - The analysis employs the Cobb-Douglas production function to estimate TFP, deriving resilience from regression residuals [1] - Resilience consists of two dynamic components: minimizing losses during disruptions (resistance) and striving for recovery afterward [1] Data Scope - The study includes over 61,000 samples from 5,495 companies, providing original data, calculation codes, and final results for verification [2] - The reference paper discusses the differentiated roles of patient capital in enhancing the resilience of new enterprises [2] Company Performance - The resilience data for Vanke Co., Ltd. (万科A) shows fluctuations in TFP from 2006 to 2024, with notable values such as 0.1532 in 2024 and -0.1133 in 2009 [2]