Volume 7, Issue 4, December 2017, Pages 189 - 213
Research on Evaluation of Equity Financing Efficiency of Listed Companies in Strategic Emerging Industries
Yaxi Huang, Mu Zhang
Received 11 September 2017, Accepted 3 November 2017, Available Online 28 December 2017.
- https://doi.org/10.2991/jrarc.2017.7.4.2How to use a DOI?
- Strategic emerging industries, Financing efficiency, Equity financing efficiency evaluation, Data envelopment analysis (DEA)
- 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.
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 -