Integrity listing, Asset injection and Efficiency of Listed Company——Based on DEA and Logistic Models
Pursuant to the theory of Combination of Industry with the Finance, the integration of industrial resources can be realized and the productivity and efficiency of the Chinese listed companies can be upgraded by initiating the adjustment of capital as lever and the combination of industrial capital and financial capital can be achieved. This paper includes in the research two actions of listed companies in China: integrity listing and asset injection. Moreover, the authors are researching the relationships of two actions with the efficiency of listed companies in China. The paper selects 42 companies in special industry in China, the defense industry, as the training sample according to the financial statements of 2006. With two-steps-research of DEA and logistic models, we designate above-mentioned two actions of the 42 listed companies as the dependent variables. Corresponding with it, we designate the efficiency of those corporations as the explained variables. The result shows that financial lever of above-mentioned two actions optimized the efficiency of the listed companies. Aimed to the high study value of method-innovation, we bring forth new ideas of using the DEA and logistic models at the research field of corporation-behaviors.
Integrity listing asset injection DEA Logistic models
Pinglin HE Zhongfu YU Jianhui JIAN
School of Business Administration,North China Electric Power Univ.Beijing 102206,P.R.China
国际会议
2008 International Conference on Risk and Relianility Management(2008风险与可靠性管理国际会议)
北京
英文
45-50
2008-11-10（万方平台首次上网日期，不代表论文的发表时间）