Efficiency Analysis on Equity Finance of Listed Companies in China by DEA Approach

摘要

This paper measures and analyzes the integrated efficiency, technical efficiency and allocation efficiency on equity finance of China's listed company in 2006 by DEA. We find that the efficiency of equity finance is still relatively low, and among57 samples, 64.91% are non-size and non-technical effective, and only 35.09% are allocation effective. Finally, the proposals for China's listed companies to enhance the efficiency of equity finance are put forward.