Analysis of Investment Efficiency in Automotive Manufacturing Enterprises
Abstract
China's automotive manufacturing sector, with 59% of the sample firms exhibiting underinvestment, averaging 0.027higher than both the
proportion and extent of overinvestment. This phenomenon is primarily influenced by declining revenue and profits, financing constraints,
and rising costs. To improve investment efficiency, it is recommended to broaden financing channels, refine investment decision-making processes, establish risk management mechanisms, and increase innovative investments.
Keywords
Full Text:
PDFReferences
[1] Fusco G, Toma P, Cardillo C, et al. Investment intensity, technical efficiency and carbon emissions under the CAP: a conditional DEA
analysis of the agricultural sector[J]. Journal of Cleaner Production, 2026, 569148618-148618. DOI:10.1016/J.JCLEPRO.2026.148618.
[2] Chen S. Analysis of Enterprise Investment Efficiency Based on the DEA-BCC Model A Case Study of NAURA Technology Development Co., Ltd.[J]. Journal of Business and Economic Research, 2026, 2(1): DOI:10.63887/JBER.2026.2.1.28.
[3] Wang Y, Li J, Zhou B, et al. Does having an official internet platform improve firms' investment efficiency: Evidence from China[J]. International Review of Economics and Finance, 2025, 98103960-103960. DOI:10.1016/J.IREF.2025.103960.
[4] Guo P, Bi J, Zhu M. Enterprise digital transformation and investment efficiency: Empirical evidence from listed enterprises in China[J].
Journal of Asian Economics, 2025, 97101892-101892. DOI:10.1016/J.ASIECO.2025.101892.
[5] Guannan X, Lina K. Research on the Evaluation of Green Investment Efficiency of Listed Enterprises in China[J]. Accounting and Corporate Management, 2024, 6(5): DOI:10.23977/ACCCM.2024.060525.
[6] Abdulahi E M, Asif M K, Natanya M, et al. Institutional distance and Chinese investment efficiency in Africa: a stochastic frontier
analysis[J]. International Journal of Emerging Markets, 2024, 19(3):729-751. DOI:10.1108/IJOEM-12-2020-1480.
[7] Richardson S. Over-investment of free cash flow[J]. Review of accounting studies, 2006, 11(2-3): 159-189.
DOI: http://dx.doi.org/10.70711/memf.v3i9.9883
Refbacks
- There are currently no refbacks.
