Empirical Study On The Impact Of Financing Efficiency Of Listed Enterprises On Operating Performance

As people gradually realize the multi-faceted advantages of new energy relative to traditional energy sources,countries are gradually increasing the development of new energy industries.China is no exception in this regard,and regards the development and utilization of new energy as a strategic goal of national development.However,China’s new energy industry is facing many problems in its development.On the one hand,some of China’s new energy industry has a serious overcapacity.On the other hand,China’s new energy industry is not competitive.The new energy industry has a large structural inconsistency problem,and some enterprises have accumulated a large amount of inventory and then incurred losses and stopped production,which has severely hampered the enthusiasm of some enterprises.This paper studies the impact of financing efficiency of new energy industry on business performance.Under the condition that production technology and other conditions are difficult to change,it is expected to influence the financing efficiency of enterprises and improve business performance by adjusting the financing scale and financing structure of new energy industry.This paper takes 82 new energy listed companies as samples,and uses factor analysis and regression analysis to study the impact of financing efficiency of new energy industry on business performance.The research mainly includes four steps: First,construct a comprehensive evaluation system of financing efficiency from the three aspects of short-term capital pressure,long-term financial pressure and asset utilization efficiency of new energy enterprises;The second is to build a comprehensive evaluation index system of business performance from three aspects: corporate profitability,development capability and investment value;The third is to quantify the financing efficiency and business performance of the new energy industry through factor analysis;The fourth is to analyze the impact of corporate financing efficiency on business performance through regression analysis.Through factor analysis and regression analysis,we can find the transmission mechanism and combine the characteristics of new energy enterprises to explain the causes and conduction channels ofthis impact.The research shows that in the new energy industry,the financing efficiency is positively correlated with the business performance.At the same time,the short-term capital pressure of the enterprise has the most significant impact on the business performance,followed by the long-term financial pressure of the enterprise,and finally the efficiency of the capital utilization of the enterprise.This paper strengthens the three aspects of the company’s ability to improve the business performance by changing the scale of the company’s financing and financing structure.