Paper Title:
Research on Excessive Investment with DEA Analysis for Chinese Listed Companies
  Abstract

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.

  Info
Periodical
Advanced Materials Research (Volumes 225-226)
Edited by
Helen Zhang, Gang Shen and David Jin
Pages
1208-1211
DOI
10.4028/www.scientific.net/AMR.225-226.1208
Citation
J. Long, Y. X. Li, "Research on Excessive Investment with DEA Analysis for Chinese Listed Companies", Advanced Materials Research, Vols. 225-226, pp. 1208-1211, 2011
Online since
April 2011
Authors
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Price
$32.00
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