COMPARISON RESEARCH ON FINANCING EFFICIENCY OF BRICS STOCK MARKETS
Journal Title: Malaysian E Commerce Journal (MECJ) - Year 2018, Vol 2, Issue 2
Abstract
As emerging markets, BRICS stock markets are of great importance for their own listed companies to financing. We find out that the result of financing can be greatly decided by financing efficiency. How to build a scientific index system is the key factor to evaluate stock market financing efficiency. Therefore, to improve the result of financing in BRICS stock markets, we need to study on the financing efficiency of BRICS stock markets. This paper firstly gathers the longitudinal section data of direct financing scale from BRICS stock markets. Then we regard three factors as input indexes, and other two factors as output indexes. Furthermore, we use the Data Envelopment Analysis to evaluate the financing efficiency of BRICS stock markets and find out the main factors that influence it. Finally, by comparing the result of DEA test, we find out the reason for the defects and differences on the financing efficiency of BRICS stock markets, and come up with some suggestions, such as perfecting the market access mechanism and adding the market tools, to deal with it.
Authors and Affiliations
Fan-Hao Li, Yan-Liang Zhang
Keywords
Related Articles
- EP ID EP404585
- DOI 10.26480/mecj.02.2018.19.22
- Views 81
- Downloads 0
Analysis of the factors influencing the transformation effect of scientific and technological achievements
This paper mainly analyzes the key influencing factors of four subjects, such as scientific research institutes, enterprises, science and technology intermediaries, government in the process of transformation of scientif...
SPEND ANALYSIS AND BUDGET STABILITY OF EMPLOYED SOLO PARENTS IN SAN PABLO CITY, LAGUNA
In the Philippines, one of pressing concerns of the government is providing sustainable programs for Filipino families especially those poor families. To raise a family alone is very hard financially, emotionally and psy...
RESEARCH ON LOGISTICS DISTRIBUTION OF RT-MART
With the rapid development of chain retail trade in China, logistics distribution has become a key link in the process of chain enterprises core competitiveness. But supermarket chain in China starts late, the logistics...
RESEARCH ON STRATEGIC MODE AND DEVELOPMENT OF REVERSE LOGISTICS IN RETAIL INDUSTRY
With the development of modern science and technology and the integration of global economy, the competitive advantage of retail enterprises depends more and more on the speed, cost, service and efficiency provided by mo...
BOARD ATTRIBUTES AND QUALITY OF FINANCIAL REPORTING IN NIGERIAN COMPANIES: AN EMPIRICAL EVIDENCE
The study x-rays the relationship that board expertise and board independence have on financial reporting quality in Nigeria. The study used data gathered from forty quoted companies for the period 2010- 2015. The study...