Abstract
Electronic payment (e-payment) enterprises are third-party e-commerce platforms that provide services for buyers and sellers through network service platforms. This study evaluates the operational efficiency of 42 e-payment concept listed companies in Shanghai and Shenzhen stock markets from 2014 to 2019, using the data envelopment analysis (DEA)-Malmquist index model. The research results show that the overall operational efficiency of e-payment concept listed companies is in a good state, but some companies are constrained by constant or decreasing returns to scale, and should improve their management ability, streamline their organization, integrate their internal resources, accelerate their structural adjustment, reduce their invalid input, and increase their output level. Moreover, e-payment related enterprises should increase their research and development investment, pay attention to technological innovation, and enhance their core competitiveness. Facing the ever-changing market and more and more competitors, enterprises should use time and opportunity as competitive resources, seize the initiative, and avoid being eliminated by the market. This study provides a comprehensive and objective evaluation of the operational efficiency of e-payment concept listed companies in China, and offers some suggestions for improving their performance and competitiveness in the e-payment industry.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.