Research On The Factors Affecting The Efficiency Of Strategic Emerging Industries In The Western Region

After the financial crisis,the world's economic development fell into a downturn,countries around the world began to seek new economic growth points,strategic emerging industries have thus become an important pillar of economic recovery in various countries.Under this background,the Chinese government has also implemented many preferential policies to support strategic emerging industries,but the development period of strategic emerging industries is relatively long,the development returns have certain uncertainties,and the development of China 's capital market is not yet perfect.There are still certain limitations in the development of strategic emerging industries.Strategic emerging industries have an important role in promoting the economic development of the western region,can promote economic structural adjustment,and also contribute to the transformation of economic development methods.However,the western region is an economically underdeveloped region,and the development of strategic emerging industries is still in the growth stage.The problem of "irrational financing structure and low financing efficiency" is more prominent,which largely hinders the development of strategic emerging industries.How to improve the financing efficiency of strategic emerging industries with limited financial support has become a practical problem in achieving efficient development of strategic emerging industries in the western region.Therefore,this article selects listed companies of strategic emerging industries in western provinces and regions as the research object,and empirically analyzes the financing efficiency and influencing factors of strategic emerging industries in the western region,and provides useful reference for solving the financing problems of strategic emerging industries in the western region.This paper systematically sorts out the relevant theories of financing and efficiency.Based on the existing research results,combined with the actual development of strategic emerging industries in the western region,the DEA-Tobittwo-stage model is used to list companies in strategic emerging industries in the western region.Empirical research on financing efficiency.First,the DEA model is used to measure the financing efficiency of the sample companies of strategic emerging industries in the western region.The results show that the financing of strategic emerging industries has not been effectively used;on this basis,the article sets the comprehensive financing efficiency of DEA as the explanatory variable,which will affect The internal and external factors of financing efficiency are set as explanatory variables,and the Tobit regression model is established to explore the significant factors that affect the financing efficiency of strategic emerging industries in the western region and provide new perspectives and basic evidence for the government to solve financing problems.