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
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.
private placement DEA model financing efficiency technical efficiency scale efficiency
Minjun Hu
School of Economics,Shanghai University,Baoshan district on the main road no.99,Shanghai City,China
国际会议
台中
英文
1-7
2018-06-30（万方平台首次上网日期，不代表论文的发表时间）