Study on the Financial Performance Evaluation of Outward Foreign Direct Investment on Listed Forestry Companies

被引：0
|
作者：
Gong Huiwen [1 ]
Zhou Lin [2 ]
机构：
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing 100044, Peoples R China
[2] Beijing Jiaotong Univ, Sch Econ & Management MBA, Beijing 100044, Peoples R China
来源：
PROCEEDINGS OF THE THIRD INTERNATIONAL SYMPOSIUM - MANAGEMENT, INNOVATION & DEVELOPMENT, BKS ONE & TWO | 2016年
关键词：
Listed forestry companies; OFDI; Financial performance; Evaluation; DEA;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this study, we examine the influence of companies' outward foreign direct investment on fmancial performance based on a sample of 6-years observations for the listed forestry companies which implemented outward foreign direct investment during 2008 to 2012. Super efficiency CCR model of DEA is used as the model. The empirical results show that, during the six years of research window, listed forestry companies' financial performance stably rise at first and then fall sharply, followed with a slow rising and then a slight decline. The results support for a U-shaped financial performance development. In general, it appears that outward foreign direct investment improves the fmancial performance of the company.
引用
收藏
页码：1139 / 1144
页数：6
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