| With the improvement of the marketization level in our country,the status of emerging industries,especially the new energy industry,is getting higher and higher,but the difficulty of financing for this kind of enterprises has been the main factor restricting their development,therefore,it is of great practical significance to study how to improve the problem of enterprise financing.This paper takes the new energy industry as the research object to study the related problems of enterprise financing.This paper first reviews the literature on financing efficiency at home and abroad,and on the basis of the research results of scholars,puts forward the research process of this paper,the analysis mainly focuses on five sub-industries,such as wind energy,nuclear energy and solar energy,and summarizes the obstacles in the financing process of China’s new energy industry,a DEA model is constructed to analyze the financing efficiency of Chinese new energy enterprises,and the changes of financing comprehensive efficiency,pure technical efficiency and scale efficiency are analyzed from the static and dynamic perspectives Then,with the calculated comprehensive efficiency as dependent variable and 7 indexes including regional economy and government support as independent variables,the influence of each index on financing efficiency is calculated.It is found that the effects on financing efficiency of new energy industry companies are: Enterprise structure,enterprise nature,financing mode,regional economy,system risk and enterprise scale.Obviously,if we want to improve the level of corporate financing,the key is to strengthen the internal operation of enterprises,taking into account the external environment of the company.Finally,this chapter from the external financing environment,internal financing factors,internal and external coordination,the government,enterprises,financial market three perspectives to improve the financing efficiency of China’s new energy industry companies specific measures. |
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