Analysis on the Efficiency of Technology Innovation of Listed Companies in China's Machinery Manufacturing Industry

On the basis of the definition of technological innovation and efficiency,based on the DEA method,this paper takes the panel data of 20 listed companies in China's machinery manufacturing industry from 2011 to 2015 as samples,evaluating the technological innovation efficiency of listed companies in China's machinery manufacturing industry.Finally,it sums up and puts forward effective countermeasures to improve the technological innovation of listed companies in China's machinery manufacturing industry.It is hoped that it will play a guiding role in the technological innovation activities of listed companies in China's machinery manufacturing industry.

Research on Governments Implementing Inclusive Financial Mecha-nism from the Perspective of Behavior Contract

By introducing reciprocal borrowers and lenders,positive social capital formed by reciprocal expectations can ease financing constraints.Information asymmetry has a significant impact on the relationship between reciprocal expectations and financing constraints.Lack of reciprocal expectation is a necessary condition for government intervention.The role of government is to promote the formation and growth of positive social capital,reduce negative social capital,activate favorable reference dependence and avoid adverse reference dependence.Specific measures are:direct investment,subsidy/taxation,administrative orders,alleviation of information asymmetry in financial markets and moral education.Policy Suggestions:the government should pay attention to fostering reciprocal expectations.The development of Inclusive Finance mainly depends on market forces.An important part of it is the government lender who plays an active role in activating the favorable reference dependence.The government should alleviate the information asymmetry in financial markets,reduces the formation of negative social capital,and pays attention to the two sides and limitation of moral education.

Research on the Financial Maturity of the Yangtze River Economic Belt

The Yangtze River Economic Belt is a key development project in China,and financial development is the core driving force for economic growth in the Yangtze River Economic Belt.At present,the financial development of the Yangtze River Economic Belt is not balanced,and there is an urgent need to quantify the differences in financial development.Drawing on the research of"maturity model"at home and abroad,from the two new perspectives of subjective and objective,the financial development difference is introduced into the maturity model as an organic whole,forming financial maturity and its indicator system,then taking the Yangtze River Economic Belt as the research object,the principal component analysis method is used to calculate the maturity.The results show that the financial development of the middle and lower reaches of the Yangtze River Economic Belt has obvious gradient differences both subjectively and objectively.The financial acceptance of the lower reaches of the Yangtze River and the total financial structure and structure are significantly higher than the middle and upper reaches,while financial efficiency is lower than the middle and upper reaches due to factors such as financial costs.Therefore,the financial development of the Yangtze River Economic Belt needs to improve the systematicness of finance,coordinate the growth of financial volume and structural adjustment,and improve the overall financial operation efficiency.