基于dea模型的新三板中小企业融资效率研究-应用经济学专业论文.docxVIP

STUDY STUDY ON FINANCING EFFICIENCY OF SMALL AND MEDIUM—SIZED ENTERPRISES IN NEEQ BASED ON DEA MODEL ABSTRACT Small and medium—sized enterprises play an important role in the process of the development of national economy．As the most dynamic and innovative economic subjects，they show the important affect in creating employment，improving people’S livelihood and promoting steady economic development．The establishment of National Equities Exchange and Quotations aims at improving equity liquidity and solving financing difficulties of small and medium-sized enterprises． Since its establishment in 2006，National Equities Exchange and Quotations has experienced a rapid development，and the number and volume of blowout of listed enterprises is increasing greatly．In this context，via the setup of empirical analysis model，this article intends to study the financing efficiency of small and medium·sized enterprises in National Equities Exchange and Quotations．It is the target to analyze whether the small and medium enterprises obtain the expectations financing efficiency through equity financing in this markct，and to provide theoretical guidance in the improvement of financing efficiency for small and medium-sized enterprise． Based on the review of domestic and foreign scholars’research about financing structure， influencing factors and evaluation method of financing efficiency，first of all，this article defines the relevant concepts，and elaborate the theory of the financing efficiency and efficiency evaluation method in order to lay the theoretical foundation for the entire study and determine the research method and principles of index selection．Secondly,this article illustrates the basic conditions of National Equities Exchange and Quotations，including the number of listed companies，industry distribution and regional distribution of with statistical description method．Thirdly，this article carries on the statistical analysis on share liquidity，financing patterns，the rotatin