Empirical Research on IPO Financing Efficiency of State-Owned Enterprises Based on DEA

被引：0
|
作者：
Gao Yan [1 ]
Li Zehong [1 ]
机构：
[1] North China Elect Power Univ, Dept Econ & Management, Baoding, Peoples R China
来源：
2013 IEEE INTERNATIONAL CONFERENCE ON SERVICE OPERATIONS AND LOGISTICS, AND INFORMATICS (SOLI) | 2013年
关键词：
state-owned enterprise; initial public offering (IPO); data envelopment analysis (DEA); efficiency;
D O I：
暂无
中图分类号：
TP39 [计算机的应用];
学科分类号：
081203 ; 0835 ;
摘要：
The state-owned enterprises play a very important role in China. The financing behavior and efficiency of state-owned enterprises not only have a great influence on its own operation competition, but also relate closely to the development and stability of the whole national economy and social economic efficiency. 51 listed companies which have performed IPO(initial public offering) in 2010 have been chosen under certain principles as samples. Data envelopment analysis (DEA)-Malmquist is used in this paper to evaluate the IPO financing efficiency of state-owned enterprises in China. It is found that the type of ultimate controller of company has played an insignificant way in IPO financing efficiency. IPO financing efficiency did not bring an increase in the efficiency of state-owned enterprises. Finally, the present paper explored the possible reasons for this phenomenon and analyzed two countermeasures to improve the IPO financing efficiency.
引用
收藏
页码：73 / 78
页数：6
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