Efficiency Of Listed SME Finance In Anhui Province

SMEs are the most contemporary economic development in the hope that the most promising of the most active force. At the end of 2008, Anhui Province, about 146,000 SMEs, accounting for 99% of the total enterprises in the province. The province has 80% of workers in SMEs employment. To rise from the central Anhui Province, to grow and develop SMEs, Enterprises have to develop and achieve their goals.You need enough money to support. Funding is essential for business growth of blood, all acts of business activities, we need sufficient capital to achieve. This involves the financing of the enterprise. The financing is the key to the efficiency of the level of financing, financing determines the degree of efficiency and the success of corporate finance.In the small and medium enterprises, the small and medium sized listed companies in Anhui Province only have 25, less than two ten thousandths of the total number of SMEs. Moreover, these SMEs are listed on the GEM companies, accounted for nearly 20% of the nature of the GEM which are the second board market. Most of the emerging small and medium enterprises, including listed companies, including the Second Board, have set up a short time, high growth.Performance is not outstanding,demanding for capital and other characteristics.Small and medium sized listed companies with high growth have more features and so much destruction, but it also has the necessary funds, short period, smaller, faster development and so on. So for small and medium sized listed companies in Anhui Province, the choice of appropriate means of financing, to find reasonable financing structure, improving the efficiency of financial resources, and ultimately improving the efficiency and level of financing are very feasible and meaningful questions. It has become an urgent problem.This will be full of corporate finance theory and empirical analysis, based on the combination of small and medium sized listed companies in Anhui Province in which the special background, analysis of small and medium sized listed companies in Anhui's financing situation; on financing small and medium sized listed companies and financial efficiency analysis; establishment of DEA models to 25 small and medium listed companies as the research object.It will study each input and output indicators indicator variables corresponding to variable values substituted into the model. Software Deap2.1 will make each variable to calculate the efficiency of financing value.Efficiency value of each financing included in the table, data analysis, conclusion. This hope for the Anhui Province in small and medium enterprises to improve their internal capital market structure and improve the level of financial efficiency.Promoting the orderly development of finance market in Anhui Province are given some suggestions, and ultimately to promote small and medium sized listed companies in Anhui Province for little help of the healthy growth. We conclude that the efficiency of Anhui Province, the overall financing of small and medium sized listed companies are in poor. To solve this problem,It needs the enterprise itself, banks, government agencies, and society work together to tide over the difficulties.