Study on Allocation Efficiency of Physical Capital of Chinese Papermaking and Paper Products Industry-An Empirical Analysis on Panel Data
An empirical analysis is made, based on the capital allocation efficiency model of Jeffrey Wurgler, on the quantitative relationship between physical capital growth and profit growth of Chinese papermaking and paper products industry. The results show that the physical capital allocation of China papermaking and paper products industry is inefficient. Therefore the main factors which constrain physical capital allocation efficiency of China papermaking and paper products industry are further analyzed from the viewpoint of capital management and financial channel. Finally, at the aspects of business model, capital utilization and regional layout, the systematic countermeasures are suggested to optimize physical capital allocation efficiency of Chinese papermaking and paper products industry.
Yin Zhong-hua Song Wei-ming Tian Ming-hua Cheng Bao-dong
School of Economics and Management Beijing Forestry University Beijing, China
国际会议
International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)
武汉
英文
1-4
2011-08-12（万方平台首次上网日期，不代表论文的发表时间）