An Empirical Study on the Capital Utilization Efficiency of Listed Companies in China
This paper conducts an empirical study with a view to analyzing the listed companies in China in terms of their efficiency on the capital raised in the stock market. The study concentrates on specimen listed companies, which have equity financing/refinancing activities (IPO, rights offering, and secondary offering) in Shenzhen/Shanghai Stock Exchange during 2005. And two aspects of the performances of the selected companies are analyzed: the changing of the capital profitability and the effectiveness of the raising capital from 2004 to 2007. It can be learnt from the analysis that, for listed companies in China, the profit capacity after raising capital is somewhat improved, while a comparatively long time is required. In general, however, it can be said that there are some improvements on the capital utilization efficiency for listed companies in China.
Listed Company Capital Collecting Utilization Efficiency
Wang Zhiping Zhu Yongming
School of Management Engineering, Zhengzhou University, Zhengzhou, P.R.China, 450001
国际会议
郑州
英文
2008-09-20（万方平台首次上网日期，不代表论文的发表时间）