Abstract

Using samples of A-share listed non-financial companies of 2015, This paper summarizes the research methods of inefficient investment and an effective method is chosen to measure the listed companies in China. The research in this paper shows that: China's listed companies generally exist inefficient investment and there are more companies with less investment, but the scale of inefficient investment is lager in overinvestment. In addition, this paper also provides some suggestions on how to reduce inefficient investment.

This work is licensed under a Creative Commons Attribution 4.0 License.