新三板创新层制造业企业融资绩效研究——基于华东“六省一市”的数据

The Financing Performance Research on Innovation Manufacturing Enterprise of NEEQ: Based on “Six Provinces and One City” in Eastern China

运用DEA模型对华东地区新三板创新层制造业企业的融资效率进行分析。实证结果表明华东地区新三板创新层制造业企业的融资效率总体上略微上升,企业内部管理水平不稳定,且部分企业仍缺乏资金融入。Malmquist指数动态分析表明,企业对先进的科学技术投入增加、创新能力增强,内部经营管理水平略微提高,但企业融资规模不足。最后,针对华东地区新三板创新层制造业企业提出一些改善融资效率的建议。

This paper based on DEA model is to study the financing efficiency of manufacturing enterprises on innovation market of NEEQ in Eastern China. The empirical results show that the financing efficiency of manufacturing enterprises increase slightly. The level of internal management is unstable and the enterprises still lack financing. According to the dynamic analysis of Malmquist index, enterprise increases investment in advanced science and technology, enhancing innovation capability. The level of internal management is increasing slightly, but the scale of financing is inadequate. Finally, some advice are given to improve the financing efficiency of manufacturing enterprises on innovation market of NEEQ in Eastern China.