Research on Excessive Investment with DEA Analysis for Chinese Listed Companies

被引：3
|
作者：
Long, Jing [1 ]
Li, Yanxi [1 ]
机构：
[1] Dalian Nationalities Univ, Dalian, Peoples R China
来源：
ADVANCED RESEARCH ON AUTOMATION, COMMUNICATION, ARCHITECTONICS AND MATERIALS, PTS 1 AND 2 | 2011年 / 225-226卷 / 1-2期
关键词：
Excessive Investment; DEA Method; Cash Flow;
D O I：
10.4028/www.scientific.net/AMR.225-226.1208
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
This paper measured level of corporate over-investment with DEA method. In this paper, the empirical research tested the excessive levels of investment in listed companies. Studies have been shown by investment-cash flow sensitivity and growth function in metrics when excessive levels of investment in listed companies in China. Tobin Q values are not objective enough in China's capital market, while DEA method can be more scientific measure of Chinese listed companies for the level of over-investment.
引用
收藏
页码：1208 / 1211
页数：4
相关论文
共 50 条
  • [1] Research on Investment Efficiency of Listed Companies Based on DEA Blockchain Concept
    Liu, Bin
    Mei, Shimeng
    [J]. 2019 THE WORLD SYMPOSIUM ON SOFTWARE ENGINEERING (WSSE 2019), 2015, : 93 - 97
  • [2] Research on the investment value of chinese real estate listed companies based on factor analysis and clustering analysis
    Hou, Naikun
    Yuan, Zhizhu
    [J]. PROCEEDINGS OF 2007 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2, 2007, : 1159 - 1164
  • [3] Analysis of earnings management influence on the investment efficiency of listed Chinese companies
    Shen, Chung-Hua
    Luo, Fuyan
    Huang, Dengshi
    [J]. JOURNAL OF EMPIRICAL FINANCE, 2015, 34 : 60 - 78
  • [4] Investor Sentiment and Distorted Investment of Chinese Listed Companies
    Shen Weitao
    Wang Zhenjie
    [J]. PROCEEDINGS OF THE 5TH INTERNATIONAL SYMPOSIUM FOR CORPORATE GOVERNANCE, BOOKS 1 AND 2, 2009, : 94 - 102
  • [5] The Research on Investor Sentiment and Investment Behavior of Listed Companies
    Zhang Qiluan
    Li Yanxi
    Chen Yan
    Wang Xiaojie
    [J]. PROCEEDINGS OF THE 2ND (2010) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT, 2010, : 335 - 339
  • [6] Research on Performance Evaluation for Listed Companies Based on DEA Approach
    Bo, Zhang
    [J]. PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE OF MANAGEMENT SCIENCE AND INFORMATION SYSTEM, VOLS 1-4, 2009, : 1471 - 1475
  • [7] Research on Financing of Chinese Textile Listed Companies
    Liu, Xin-Ying
    Liu, Wen-Wen
    [J]. PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND MANAGEMENT INNOVATION, 2015, 6 : 228 - 233
  • [8] A Research on the Investment Value of Listed Companies Based on Fisher Discriminant Analysis method
    Lu, Fangyuan
    Lu, Min
    [J]. 2008 ISECS INTERNATIONAL COLLOQUIUM ON COMPUTING, COMMUNICATION, CONTROL, AND MANAGEMENT, VOL 3, PROCEEDINGS, 2008, : 226 - 229
  • [9] The Effect of Internal Cash Flow on the Investment of Chinese Listed Companies
    Wang, Zhi
    [J]. 2009 INTERNATIONAL CONFERENCE ON BUSINESS INTELLIGENCE AND FINANCIAL ENGINEERING, PROCEEDINGS, 2009, : 836 - 840
  • [10] Study on the application of DEA on performance evaluation of Chinese listed port companies
    Yu, Shaoqiang
    Zhou, Dongsheng
    [J]. PROCEEDINGS OF THE 2006 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING, 2006, : 679 - 685
12345