Strategy-Proofness, Investment Efficiency, and Marginal Returns: An Equivalence

2015 ◽  
Author(s):  
John William Hatfield ◽  
Fuhito Kojima ◽  
Scott Duke Kominers
Keyword(s):  
Investment Efficiency ◽  
Marginal Returns ◽  
Strategy Proofness

Strategy-proofness, investment efficiency, and marginal returns

2014 ◽  
Author(s):  
John William Hatfield ◽  
Fuhito Kojima ◽  
Scott Duke Kominers
Keyword(s):  
Investment Efficiency ◽  
Marginal Returns ◽  
Strategy Proofness

scholarly journals High-tech industries' overseas investment performance evaluation - Application of data envelopment analysis

2013 ◽  
Vol 16 (5) ◽  
pp. 67-73 ◽  
Author(s):  
Ridong Hu ◽  
Chich-Jen Shieh
Keyword(s):  
Data Envelopment Analysis ◽  
Returns To Scale ◽  
Mainland China ◽  
Operating Efficiency ◽  
High Tech ◽  
Investment Efficiency ◽  
Data Envelopment ◽  
Overseas Investment ◽  
Marginal Returns ◽  
Constant Returns To Scale

With the rapid change of the social environment, Mainland China has become a new economic market due to the great domestic demand caused by its enormous population and the increasing economic growth rate. Taiwanese businesses have gradually turned to develop in China under the pressure of increasing domestic wages and land costs for expanding factories as well as the enhancement of environmental protection. Mainland China presents the advantages of ample land, low labor costs, monoethnicity, and easy language communication making it an attractive major investment location for Taiwanese high-tech industries. Data Envelopment Analysis (DEA) is applied to measure overseas investment efficiency evaluation of Taiwanese high-tech businesses in China, where the Delphi Method is used for selecting the inputs of the number of employees, R&D expenses, and gross sales in total assets. Sensitivity Analysis is further utilized for acquiring the most efficient unit and individual units with operating efficiency. The research results show that 1.Three high-tech businesses that present constant returns to scale perform optimally with overseas investment efficiency 2.Two high-tech companies with decreasing returns to scale appear that they could improve the overseas investment efficiency by decreasing the scale to enhancing the marginal returns, and 3.Sixteen high-tech enterprises reveal increasing returns to scale, showing that they could expand the scale to enhance the marginal returns and further promote efficiency.

scholarly journals Capital Allocation, Credit Access, and Firm Growth

2020 ◽  
pp. 41-62
Author(s):  
Christina Kinghan ◽  
Carol Newman ◽  
Conor O’Toole
Keyword(s):  
Firm Growth ◽  
Capital Allocation ◽  
Investment Efficiency ◽  
Marginal Return ◽  
Investment Activity ◽  
Credit Access ◽  
Return On Capital ◽  
Marginal Returns ◽  
Formal Finance ◽  
The Relationship

In this chapter, the authors explore the relationship between firm growth, access to finance, and the efficiency of capital allocation in Vietnam over 2005–15. They test whether firms with higher marginal returns to capital are more or less likely to get access to financing. This is a key test of how efficiently the financial system is functioning. The authors also test whether credit supply constraints are hindering capital allocation by limiting the investment and employment activities of firms with the highest marginal return on capital. They find that high return investors, with the greatest marginal return on capital, have a lower likelihood of having formal finance (loans outstanding with formal credit institutions). The study finds evidence that rejected credit applications are limiting investment activity but not employment, particularly for firms with higher investment efficiency. This suggests a link between firm growth and a suboptimal allocation of credit.

The Use of Cost-Benefit Analysis for Evaluating Efficiency of Public Investment Projects (The Case of Sochi-2014 Winter Olympic Games)

2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko
Keyword(s):  
Net Present Value ◽  
Olympic Games ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Investment Efficiency ◽  
Benefit Analysis ◽  
Step Method ◽  
Investment Projects ◽  
The Usa

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.

Estimating Accounting Consistency and Its Impact on Investment Efficiency

2020 ◽  
Vol 29 (3) ◽  
pp. 205-232
Author(s):  
Gil S. Bae ◽  
Seung Uk Choi ◽  
Jeong Taek Kim
Keyword(s):  
Investment Efficiency

Analysis of energy investment efficiency

2013 ◽  
Author(s):  
Ge Zhang ◽  
Ya Dong
Keyword(s):  
Investment Efficiency ◽  
Energy Investment

Investment Efficiency in Hi-tech Industry

2019 ◽  
Vol 37 (2) ◽  
pp. 115-138
Author(s):  
Bum-Joon Kim ◽  
Jin-Ha Park
Keyword(s):  
Investment Efficiency

A Study on 17 Metropolitan Local Governments’ R&D Investment Efficiency

2020 ◽  
Vol 15 (2) ◽  
pp. 253-280
Author(s):  
Hyoungsuk Lee ◽  
Hyungjun Seo
Keyword(s):  
Local Governments ◽  
Investment Efficiency ◽  
D Investment
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