DEA模型下我国上市企业融资效率因素的探究

Research on the Financing Efficiency Factors of Chinese Listed Companies Based on DEA Model and Its Solutions

融资是上市企业在发展过程中的重要资本基础,也是支撑企业可持续发展源源不断的动力来源.随着我国社会主义资本市场体系的不断完善以及企业所面临市场竞争压力的提升,除了融资渠道的多元化发展以外,融资效率水平及其稳定性日益成为影响上市企业融资结果的关键因素.本文基于新能源上市企业2012-2016年的样本数据,采用DEA模型,对融资效率与影响因素展开探索,并根据我国上市企业融资效率现存问题提出相应的解决途径.

Financing is an important capital basis for listed companies in the development process,and it is also a source of power to support the sustainable development of enterprises.With the continuous improvement of China's socialist capital market system and the increasing market competition pressure faced by enterprises,in addition to the diversified development of financing channels,the level of financing efficiency and its stability have increasingly become the key factors affecting the financing results of listed companies.Based on the sample data of new energy listed companies in 2012~2016,this paper uses DEA model to explore the financing efficiency and influencing factors,and proposes corresponding solutions according to the existing problems of financing efficiency of listed companies in China.