Share Allotment Financing Efficiency of Listed Companies Based on Data Envelopment Analysis

We take 23 listed companies which have performed share allotment financing during 2008-as example, using DEA-Malmquist method from static and dynamic angle to study the type of ultimate controller of company's effect on share allotment financing efficiency. The type of ultimate controller of company is state-owned enterprises and the non-state-owned enterprises. Then analysis factors that impact the efficiency of state-owned enterprises' share allotment financing and further explore ways to improve the efficiency of state-owned enterprises' share allotment financing.