Proceedings of the 2014 International Conference on Economic Management and Trade Cooperation

Empirical Research on the Effect of Internal Capital Market Efficiency from Chinese A Shares Listed Companies

Authors
Zhang Bin
Corresponding Author
Zhang Bin
Available Online April 2014.
DOI
https://doi.org/10.2991/emtc-14.2014.55How to use a DOI?
Keywords
internal capital market efficiency, listed companies, segment information
Abstract

The paper makes the empirical analysis on factors affecting the A -share listed company's internal capital market efficiency, the study found that in the related factors of corporate governance, control and cash flow rights are associated with the internal capital market positively; the nature of ultimate shareholder and internal capital market efficiency have negative correlation; diversification and internal capital market efficiency levels are significantly correlated; The scale of internal capital and the efficiency of internal capital markets have positive correlation;Internal financial intermediaries and internal capital market efficiency are positively correlated.The results have the guiding significance for understanding and improving internal capital market efficiency of China's listed companies.

Copyright
© 2014, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2014 International Conference on Economic Management and Trade Cooperation
Series
Advances in Intelligent Systems Research
Publication Date
April 2014
ISBN
978-94-6252-008-0
ISSN
1951-6851
DOI
https://doi.org/10.2991/emtc-14.2014.55How to use a DOI?
Copyright
© 2014, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Zhang Bin
PY  - 2014/04
DA  - 2014/04
TI  - Empirical Research on the Effect of Internal Capital Market Efficiency from Chinese A Shares Listed Companies
BT  - Proceedings of the 2014 International Conference on Economic Management and Trade Cooperation
PB  - Atlantis Press
SP  - 324
EP  - 332
SN  - 1951-6851
UR  - https://doi.org/10.2991/emtc-14.2014.55
DO  - https://doi.org/10.2991/emtc-14.2014.55
ID  - Bin2014/04
ER  -