Research Output

A quantitative study of financing efficiency of low‐carbon companies: A three‐stage data envelopment analysis

  This study set out to evaluate the financing efficiency of low‐carbon companies. Applying a three‐stage data envelopment analysis with the data from 85 listed companies in China's low‐carbon industries over the period 2011 to 2017, this study has found that the overall financing efficiency of low‐carbon companies was relatively high, and the pure technical efficiency was quite steady over the period. The overall financing efficiency of these low‐carbon companies on average tended to change with the scale efficiency. This study has also shown that the scale efficiency was the main constraint influencing the financing efficiency of low‐carbon companies in China over the period. Our results are robust and have significant implications for policy makers and corporate managers.

  • Type:

    Article

  • Date:

    18 February 2019

  • Publication Status:

    Published

  • DOI:

    10.1002/bse.2288

  • ISSN:

    0964-4733

  • Library of Congress:

    HD28 Management. Industrial Management

  • Dewey Decimal Classification:

    658 General management

  • Funders:

    Edinburgh Napier Funded; The Soft Science Projects of Hubei Science and Technology Department

Citation

Liu, X., Yu, X., & Gao, S. (2019). A quantitative study of financing efficiency of low‐carbon companies: A three‐stage data envelopment analysis. Business Strategy and the Environment, 28(5), 858-871. https://doi.org/10.1002/bse.2288

Authors

Keywords

Low-carbon companies, finance, data analysis,

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    This is the peer reviewed version of the following article:Liu, X., Yu, X., & Gao, S. (in press). A quantitative study of financing efficiency of low‐carbon companies: A three‐stage data envelopment analysis. Business Strategy and the Environment, doi:10.1002/bse.2288 , which has been published in final form athttps://doi.org/10.1002/bse.2288 . This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions

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