AN EMPIRICAL STUDY ON THE EFFICIENCY OF PRIVATE PLACEMENT FINANCING OF THE INFORMATION TRANSMISSION, SOFTWARE, AND INFORMATION TECHNOLOGY SERVICES INDUSTRY ABOUT THE NEW OVER THE COUNTER——BASED ON THE DEA MODEL
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2018, Vol 2, Issue 2
Abstract
The new OTC market has become a platform for corporate financing. Since the new OTC is an off-exchange market, the most important financing method for the listed companies is private placement. From the major funds flow the 2017 new OTC private placement, the most profitable industries are “Software and Services.” This article uses data envelopment model (DEA) to analyze the efficiency of private placement financing of the information transmission, software, and information technology services industry about new over the counter market in China. The empirical results show that there are not many companies in the industry that achieve the best efficiency, and their financing efficiency is low, which is mainly because of various problems in the company itself. For example, scale efficiency is the main reason influencing the efficiency of financing. This article analyzes the reasons for the low financing efficiency from the variables of the sample companies and gives the optimization suggestions
Authors and Affiliations
Minjun Hu
Keywords
Related Articles
- EP ID EP412007
- DOI 10.26480/icemi.02.2018.44.47
- Views 100
- Downloads 0
HOW ANHEUSER-BUSCH INBEV IMPROVE MARKETING CHANNEL: A CASE STUDY OF FUJIAN PROVINCE IN CHINA
Marketing channel, a key section and foundation of sales, can be improved by the continuous efforts of the enterprise. To investigate the detail measures of improving marketing channel, taking Anheuser-Busch InBev ( AB I...
RECENT TRENDS AND PATHWAYS IN THE UN SUSTAINABLE DEVELOPMENT GOAL 7 IN THAILAND
Sustainable energy is a global issue with significant sustainable development implications. The UN Sustainable Development Goals (SDGs) has specific goal to the energy sector so-called SDG 7. The SDG 7 focuses on accessi...
AN ONLINE ADAPTIVE CLASSIFICATION OF GOOGLE TRENDS DATA ANOMALIES FOR INVESTOR SENTIMENT ANALYSIS
Google Trends data has gained increasing popularity in the applications of behavioral finance, decision science and risk management. Because of Google’s wide range of use, the Trends statistics provide significant inform...
MANAGERIAL OVERCONFIDENCE, INTERNAL CONTROLS AND CORPORATE EFFECTIVE TAX RATE
In this paper, we make use of the panel data of 2010-2015 Chinese listed companies from Shanghai and Shenzhen A-share markets to explore the impact of managerial overconfidence on the corporate effective tax rate. We ide...
SPATIAL DISTRIBUTION CONCEPT OF CULTURAL INDUSTRY IN LIXIAN COUNTY
As an important new force in economic development, cultural industry is a boost to the economy of Lixian County. To promote the development of cultural industry, spatial distribution is a key factor in it. Thus a proper...