Fund allocation efficiency of capital market is an issue ofgreat public concern. The assessment is made according to whethercapital flows to right industries and right firms. Here fund’sconfiguration coincidence of industry is proposed as a new method ofassessment. Along with the ratio of input and output, this paper usesthe method of configuration coincidence of industry for a comparativestudy of fund allocation efficiency based on experience of listedcompanies in Guangdong, Zhejiang, Shanghai and Jiangsu province.
Securities Market Herald