Journal of Risk Analysis and Crisis Response

Volume 7, Issue 4, December 2017, Pages 189 - 213

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

Authors
Yaxi Huang, Mu Zhang
Corresponding Author
Yaxi Huang
Received 11 September 2017, Accepted 3 November 2017, Available Online 28 December 2017.
DOI
https://doi.org/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.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Journal
Journal of Risk Analysis and Crisis Response
Volume-Issue
7 - 4
Pages
189 - 213
Publication Date
2017/12/28
ISSN (Online)
2210-8505
ISSN (Print)
2210-8491
DOI
https://doi.org/10.2991/jrarc.2017.7.4.2How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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  - https://doi.org/10.2991/jrarc.2017.7.4.2
ID  - Huang2017
ER  -