Is the Internal Capital Market Efficient?-Empirical Evidence from Chinese A-Shares Listed Companies

被引：0
|
作者：
Zhang, Bin [1 ]
机构：
[1] Yang Zhou Univ, Business Coll, Yang Zhou 225127, Peoples R China
来源：
PROCEEDINGS OF THE 2014 INTERNATIONAL CONFERENCE ON ECONOMIC MANAGEMENT AND TRADE COOPERATION | 2014年 / 107卷
关键词：
Internal capital market; Efficiency; Listed Companies; INEFFICIENT INVESTMENT;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper measure the efficiency of internal capital market according to the new model on the basis of the existing internal market efficiency model modification, The study found that A-shares listed Corporation internal capital market efficiency is effective overall and has the effect on the allocation of resources. The result has a guiding significance for understanding the Chinese capital market efficiency.
引用
收藏
页码：312 / 317
页数：6
相关论文
共 50 条
  • [1] Empirical Research on the Effect of Internal Capital Market Efficiency from Chinese A Shares Listed Companies
    Zhang, Bin
    PROCEEDINGS OF THE 2014 INTERNATIONAL CONFERENCE ON ECONOMIC MANAGEMENT AND TRADE COOPERATION, 2014, 107 : 324 - 332
  • [2] OFDI and stock returns: Evidence from manufacturing firms listed on the Chinese A-shares market
    Wang Xiaosong
    Wu Huan
    Thye, Woo Wing
    Xie Shenxiang
    JOURNAL OF ASIAN ECONOMICS, 2021, 74
  • [3] The Effect of the Information Quantity Announcement on Modified Audit Opinion- Evidence from Chinese A-Shares Listed Companies
    Qiong, Zhang
    Rahmat, Mohd Mohid
    ASIAN JOURNAL OF ACCOUNTING AND GOVERNANCE, 2024, 21
  • [4] Stakeholder theory of capital structure - Empirical evidence from Chinese listed companies
    Xiao, ZP
    Proceedings of the 2005 International Conference on Management Science & Engineering (12th), Vols 1- 3, 2005, : 1239 - 1244
  • [5] IS INTERNAL CAPITAL MARKET OF CHINA LISTED COMPANIES EFFICIENT? Empirical Evidences from Listed Companies which Have Multiple Divisions in H-stock
    Wang, Fengjuan
    Xie, Zhihua
    ICEIS 2011: PROCEEDINGS OF THE 13TH INTERNATIONAL CONFERENCE ON ENTERPRISE INFORMATION SYSTEMS, VOL 4, 2011, : 600 - 605
  • [6] The Spillover Effect of ESG Performance on Green Innovation-Evidence from Listed Companies in China A-Shares
    Zhu, Hui-Lin
    Yang, Ke-Zhi
    SUSTAINABILITY, 2024, 16 (08)
  • [7] Can environmental management improve financial performance: An empirical study of A-shares listed companies in China
    Song, Hang
    Zhao, Chunguang
    Zeng, Junping
    JOURNAL OF CLEANER PRODUCTION, 2017, 141 : 1051 - 1056
  • [8] The determinants of capital structure: Evidence from Chinese listed companies
    Chen J.
    Strange R.
    Economic Change and Restructuring, 2005, 38 (1) : 11 - 35
  • [9] An empirical evaluation of the influential nodes for stock market network: Chinese A-shares case
    Huang, Chuangxia
    Wen, Shigang
    Li, Mengge
    Wen, Fenghua
    Yang, Xin
    FINANCE RESEARCH LETTERS, 2021, 38
  • [10] Can digital finance curb corporate ESG decoupling? Evidence from Shanghai and Shenzhen A-shares listed companies
    Liu, Hua
    Wang, Juncheng
    Liu, Mengna
    HUMANITIES & SOCIAL SCIENCES COMMUNICATIONS, 2024, 11 (01):
12345