IDEAS home Printed from https://ideas.repec.org/a/ibn/ijefaa/v9y2017i2p70-80.html
   My bibliography  Save this article

Analysis on Efficiency and Its Influence Factors of Financial Support for Listed Companies of Guangdong New Energy Industry

Author

Listed:
  • Jixiang Liu
  • Hongyan Liao

Abstract

The development of Guangdong new energy industry plays an important role in promoting the current process of economic restructuring in Guangdong province. As the core of modern economy, the financial system also has an important impact on the development of the new energy industry. This paper mainly employs DEA method to measure the efficiency of financial support of the new energy industry in Guangdong Province, and takes it as a core to establish an influence-factor model of financial support efficiency. Through empirical analysis, we can find the stability of Guangdong new energy industry insufficient; on the condition of indirect financing power shortage, the direct financing makes the flow of capital available, thus showing a more positive impact on the efficiency of financial support. According to the results, we should broaden the direct financing way of the new energy industry in Guangdong Province, reduce bank credit financing costs, promote diversified development of financial services, and improve the ability of the new energy industry against market risks.

Suggested Citation

  • Jixiang Liu & Hongyan Liao, 2017. "Analysis on Efficiency and Its Influence Factors of Financial Support for Listed Companies of Guangdong New Energy Industry," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(2), pages 70-80, February.
    • Handle: RePEc:ibn:ijefaa:v:9:y:2017:i:2:p:70-80
    as

    Download full text from publisher

    File URL: http://ccsenet.org/journal/index.php/ijef/article/view/65689/35486
    Download Restriction: no
    File URL: http://ccsenet.org/journal/index.php/ijef/article/view/65689
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mata, Jose & Machado, Jose A. F., 1996. "Firm start-up size: A conditional quantile approach," European Economic Review, Elsevier, vol. 40(6), pages 1305-1323, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nguyen, Thao & Bai, Min & Hou, Greg & Vu, Manh-Chien, 2020. "State ownership and adjustment speed toward target leverage: Evidence from a transitional economy," Research in International Business and Finance, Elsevier, vol. 53(C).
    2. Michele Cincera & Lydia Greunz & Jean-Luc Guyot & Olivier Lohest, 2006. "Capital humain et processus de création d'entreprise: le cas des primo-créateurs wallons," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 49(2).
    3. Elsa Morais Sarmento & Alcina Nunes, 2011. "Survival dynamics in Portugal, a regional perspective," ERSA conference papers ersa10p1313, European Regional Science Association.
    4. Elsa Sarmento & Alcina Nunes, 2010. "Comparative Survival Analysis of Firms: the case of the Portuguese North region," Working Papers de Economia (Economics Working Papers) 53, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
    5. Josep-Maria Arauzo-Carod & Agustí Segarra-Blasco, 2005. "The Determinants of Entry are not Independent of Start-up Size: Some Evidence from Spanish Manufacturing," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 27(2), pages 147-165, September.
    6. Pedro Telhado Pereira & Pedro Silva Martins, 2000. "Does education reduce wage inequality? Quantile regressions evidence from fifteen European countries," Nova SBE Working Paper Series wp379, Universidade Nova de Lisboa, Nova School of Business and Economics.
    7. Zahirovich-Herbert, Velma & Gibler, Karen M., 2014. "The effect of new residential construction on housing prices," Journal of Housing Economics, Elsevier, vol. 26(C), pages 1-18.
    8. Natalia Nehrebecka, 2011. "Wykorzystanie łańcuchów Markowa do prognozowania zmian w strukturze polskich przedsiębiorstw," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 10, pages 59-98.
    9. Fattouh, Bassam & Scaramozzino, Pasquale & Harris, Laurence, 2005. "Capital structure in South Korea: a quantile regression approach," Journal of Development Economics, Elsevier, vol. 76(1), pages 231-250, February.
    10. Manjon, M.C., 2004. "Firm Size and Short-Term Dynamics in Aggregate Entry and Exit," Other publications TiSEM 2e3efce2-87b3-4b7a-aa83-7, Tilburg University, School of Economics and Management.
    11. Camarero Garcia, Sebastian & Murmann, Martin, 2020. "Unemployment benefit duration and startup success," ZEW Discussion Papers 20-033, ZEW - Leibniz Centre for European Economic Research.
    12. Baptista, Rui & Lima, Francisco & Preto, Miguel Torres, 2012. "How former business owners fare in the labor market? Job assignment and earnings," European Economic Review, Elsevier, vol. 56(2), pages 263-276.
    13. Alex Coad & Rekha Rao, 2006. "Innovation and market value: a quantile regression analysis," Economics Bulletin, AccessEcon, vol. 15(13), pages 1-10.
    14. Hyunchul Lee & Kyungtag Lee & Jong Ha Lee, 2021. "The Various Effects of Technology Trade on the Sustainable Market Value of Firms in OECD Countries," Sustainability, MDPI, vol. 13(22), pages 1-20, November.
    15. Lee, Hyunchul & Cho, Seung Mo, 2017. "What drives dynamic comovements of stock markets in the Pacific Basin region?: A quantile regression approach," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 314-327.
    16. Brixy, Udo & Murmann, Martin, 2016. "The growth and human capital structure of new firms over the business cycle," IAB-Discussion Paper 201642, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    17. Dimelis, S. & Louri-Dendrinou, Eleni, 2001. "Foreign Direct Investment and Efficiency Benefits: A Conditional Quantile Analysis," CEPR Discussion Papers 2868, C.E.P.R. Discussion Papers.
    18. Anna Maria Falzoni & Mara Grasseni, 2005. "Home Country Effects of Investing Abroad: Evidence from Quantile Regressions," KITeS Working Papers 170, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Jun 2005.
    19. Segarra Blasco, Agustí & Teruel Carrizosa, Mercedes, 2008. "Innovation sources and productivity in Catalonian firms: a quantile regression analysis," Working Papers 2072/9259, Universitat Rovira i Virgili, Department of Economics.
    20. Colombo, Massimo G. & Grilli, Luca, 2005. "Start-up size: The role of external financing," Economics Letters, Elsevier, vol. 88(2), pages 243-250, August.

    More about this item

    Keywords

    new energy industry; DEA model; the efficiency of financial support; co-integration; error correction model;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijefaa:v:9:y:2017:i:2:p:70-80. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.