Research on Excessive Investment with DEA Analysis for Chinese Listed Companies

Abstract:

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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 and 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

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Price:

$35.00

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