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This study examines the efficiency of investment trust companies (ITCs) from 2011 to 2020 using a meta-frontier two-stage network data envelopment analysis (DEA) based on the directional distance function (DDF). We improved the accuracy of the efficiency measurement and added a network-based...
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environment in China on the location choice and firm performance of Chinese OFDI, and discusses the roles played by international … experience and the foreign capital usage. The results show that regional formal institutional environment of China significantly …’ international experience play positive and significant moderation roles in the institutional effect on China's OFDI, but such …
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quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …
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In this study, we address a major problem in the measurement of firm performance and the regulation of natural monopolies, namely the intertemporal character of long-term investment decisions. In specific, we focus on the impact of adjustment costs of investments on estimates of firms’...
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