Abstract
Block chain technology has changed the traditional digital economy, promoted the formation of a new value and trust system, and at the same time triggered the transformation of cultural industry, providing a means to improve investment efficiency. This paper takes the listed companies of cultural industry in the concept of block chain as the research sample, and uses DEA efficiency evaluation method to empirically analyze the change of cultural industry investment efficiency. The results show that: block chain technology has an impact on pure technical efficiency and also promotes profit growth. However, the development and application of block chain technology need to be more integrated with cultural industry investment to open up a new development path for the traditional information society.
Highlights
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
'($ $QDO\VLV RQ LQYHVWPHQW HIILFLHQF\ RI /LVWHG &RPSDQLHV LQ EORFNFKDLQ FRQFHSW FXOWXUDO LQGXVWU\ D FDVH VWXG\ RI OLVWHG FRPSDQLHV
Summary
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
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have