Research on Evaluation of Equity Financing Efficiency of Listed Companies in Strategic Emerging Industries

DOI

10.2991/jrarc.2017.7.4.2How to use a DOI?

Keywords

Strategic emerging industries, Financing efficiency, Equity financing efficiency evaluation, Data envelopment analysis (DEA)

Abstract

This paper chooses 198 listed companies in strategic emerging industries, using DEA model to study the efficiency of equity financing, and carries on efficiency analysis, investment redundancy and output shortage analysis and industry comparative analysis. The results show that the efficiency of equity financing of listed companies in strategic emerging industries is inefficient. The comprehensive efficiency, pure technical efficiency and scale efficiency are 0.370, 0.603 and 0.563. From the scale pay, the economic scale of Chuanrungufen should be increased, Zhongguobaoan and other 179 decision-making units should be reduced; Dongxulantian and other 169 decision-making units have different levels of input redundancy and lack of output; equity financing efficiency is unevenly developed between different industries.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - JOUR
AU  - Yaxi Huang
AU  - Mu Zhang
PY  - 2017
DA  - 2017/12/28
TI  - Research on Evaluation of Equity Financing Efficiency of Listed Companies in Strategic Emerging Industries
JO  - Journal of Risk Analysis and Crisis Response
SP  - 189
EP  - 213
VL  - 7
IS  - 4
SN  - 2210-8505
UR  - https://doi.org/10.2991/jrarc.2017.7.4.2
DO  - 10.2991/jrarc.2017.7.4.2
ID  - Huang2017
ER  -