Research on the Management Capability Measurement of GEM Listed Companies based on DEA Tobit Model

Feng Xia; Zhang Mu

doi:10.2991/jracr.k.201214.002

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Volume 10, Issue 4, December 2020, Pages 138 - 146

Research on the Management Capability Measurement of GEM Listed Companies based on DEA Tobit Model

Authors

Feng Xia¹^{, 2}^{, *}^{, †}, Zhang Mu¹^{, †}

¹School of Big Data Application and Economics, Guizhou University of Finance and Economics, Guiyang, Guizhou 550025, China

²Guizhou Institution for Technology Innovation & Entrepreneurship Investment, Guizhou University of Finance and Economics, Guiyang, Guizhou 550025, China

^†

国家自然科学基金项目（地区科学基金项目）：“基于文本信息的科技型中小企业信用风险识别机理研究”，项目批准号：71861003。

^*Corresponding author. Email: 1843283748@qq.com

Corresponding Author

Feng Xia

Received 14 September 2020, Accepted 9 November 2020, Available Online 14 December 2020.

DOI: 10.2991/jracr.k.201214.002 How to use a DOI?
Keywords: DEA-Tobit model; management; management capability
Abstract: With the rise of the Growth Enterprise Market (GEM), more and more investors have begun to pay attention to it and begin to consider investing in related listed companies. Therefore, the healthy and stable development of the GEM is of great significance to investors. The management of the company is the actual operator of the company. Using this as a starting point, analyzing the management capabilities of listed companies on the GEM has very important theoretical value and practical significance for the sustainable development of the GEM. Taking the listed companies on the growth enterprise market of China from 2014 to 2018 as the research sample, this paper uses the two-stage data envelopment analysis-Tobit model to measure the management ability, and analyzes the differences of the management ability among the listed companies with different characteristics. The research results show that there are differences in management capabilities between listed companies with different characteristics. Specifically, the management ability of manufacturing companies is higher than that of non-manufacturing enterprises; the management ability of relatively large companies is higher than that of relatively small companies; the management ability of companies located in the eastern region is higher than that of companies in the middle Companies in the western region.
Open Access: This is an open access article distributed under the CC BY-NC 4.0 license (http://creativecommons.org/licenses/by-nc/4.0/).

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Journal: Journal of Risk Analysis and Crisis Response
Volume-Issue: 10 - 4
Pages: 138 - 146
Publication Date: 2020/12/14
ISSN (Online): 2210-8505
ISSN (Print): 2210-8491
DOI: 10.2991/jracr.k.201214.002 How to use a DOI?
Open Access: This is an open access article distributed under the CC BY-NC 4.0 license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

ris enw bib

TY  - JOUR
AU  - Feng Xia
AU  - Zhang Mu
PY  - 2020
DA  - 2020/12/14
TI  - Research on the Management Capability Measurement of GEM Listed Companies based on DEA Tobit Model
JO  - Journal of Risk Analysis and Crisis Response
SP  - 138
EP  - 146
VL  - 10
IS  - 4
SN  - 2210-8505
UR  - https://doi.org/10.2991/jracr.k.201214.002
DO  - 10.2991/jracr.k.201214.002
ID  - Xia2020
ER  -

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