Along with China's gradual changes in developmental model of economy and society, the pulp & paper industry associated with renewable resource exploitation and environmental protection is increasingly becoming the dominant industry. This paper takes 21 listed companies in the pulp & paper industry of China as research objects, builds the evaluation indicator system on the basis of resource-based theory and constructs the resource efficiency evaluation model of the forestry-paper firms based on DEA. According to the annual reports of listed companies and the data of Almanac of China Paper Indus...