ISSN: 2222-6990
Open access
Facing fierce domestic and international competition, military listed companies should not focus only on military benefits and should improve their own operating efficiency for long-term sound development. Objective: The aim of this paper is to analyze key factors that influence the operating efficiency of military listed companies. Results and Conclusion: The result shows that R&D input and scale of company have a significant and positive impact on the operating efficiency of military listed companies. Meanwhile, government subsidies have a weak and negative effect.
Singh, F. & Mogla, M. (2010). Profitability Analysis of Acquiring Companies. IUP Journal of Applied Finance, 16(5), 72-83.
Martins, M. M. & Lopes, I.T. (2016). Intellectual Capital and Profitability: A Firm Value Approach in the European Companies. Business: Theory & Practice, 17(3), 234-242.
Zhang, J. H., & Qiao, J. J. (2016). The Research of Civil-military Integration In-depth Development Pattern. Journal of Beijing Institute of Technology (Social Sciences Edition), 18(05), 111-116.
Pan, Y., Zhou, Z. & Zhang, Y. Z. (2017). The Development Trend and Suggestions of Military Industry in China from the Perspective of Civil-Military Integration. Economic Review Journal, 3, 74-82.
Guo, Y. H. (2014). Analysis on Technology Innovation of Civil- military Integration from Institutional View. Science and Technology Management Research, 34(03), 14-17.
Li, Y., Wu, S. H. & Guo, J. H. (2015). The Choice of Paths for Third-tie Military Enterprise Transformation & Upgrading and its Influencing. Science & Technology Progress and Policy, 32(18), 98-103.
Wang, B. J. & Li, A. W. (2016). An Analysis on Calculation and Influencing Factors of the Technical Efficiency in Civil-military Integration Enterprises——Evidence from the Listed Companies of “Ten Military Groups” of China. Science and Technology Management Research, 36(23), 67-73.
Zhou, J. (2012). Empirical Analysis on the Relationships between Ownership Structure and Performance of Military Listed Companies. East China Economic Management, 26(01), 110-112.
Charnes, A., Cooper, W. W. & Rhodes, E. (1978). Measuring the Efficiency of Decision-Making Units. European Journal of Operational Research, 2(6), 429-444.
In-Text Citation: (Qiu, Qiu, Tang, & Wang, 2019)
To Cite this Article: Qiu, D., Qiu, M., Tang, J., & Wang, Q. (2019). The Study on the Influencing Factors of Chinese Military Listed Companies’ Operating Efficiency under Civil-Military Integration. International Journal of Academic Research Business and Social Sciences, 9(5), 201–213.
Copyright: © 2019 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode