Research On The Financing Efficiency Of My Country's New Energy Industry

It is important to study whether the financing efficiency of China's new energy industry is effective,and it plays an important role in promoting China's economic development,coping with haze weather and improving our ecological environment.In the current environment,starting from the listed companies in the new energy industry,the status quo of their financing and influencing factors affecting their financing efficiency are studied,which has very important theoretical and practical significance for the development speed and structural transformation and reform of China's new energy industry.This article reviews the current status of China's current new energy industry financing by consulting a large amount of information,and from various perspectives has carried out in-depth analysis and exploration of the causes of the current difficulties in financing the new energy industry and the factors that affect the financing efficiency.Then take the 2011-2016 financial data of 77 new energy companies listed on the Shanghai and Shenzhen Stock Exchanges as research samples,and use the DEA method to conduct empirical research on their financial data.On this basis,this paper builds the DEA-Malmquist model,which not only can clearly analyze the financing efficiency of different companies in different years from 2011 to 2016,but also can measure the technical efficiency,pure technical efficiency,scale efficiency,and Malmquist index of the six years.Trend.This article ensures scientific rigor in the design of indicators,sample selection and data processing,especially the overall trend analysis,making the results more visual and intuitive.The empirical results show that:First,China's new energy industry financing efficiency has shown a slight downward trend year by year from 2011.Secondly,through the comparison of the financing efficiency of various sub-sectors,it is found that the average financing efficiency of four companies in other industries and the proportion of effective DEA companies are higher than those in wind energy,solar photovoltaic,and biomass energy.Third,although the new energy industry actively develops various financing models,there are still some ways to improve it.Enterprises should seek for reasons from their own,conduct rigorous and scientific financial management,control various risks facing the company,and do a good job in risk prevention.Finally,because of the limitations of the author's research level,this paper still has great room for improvement in the selection of samples,the construction of index system and the selection of research methods.In the future,the scope of the sample can be appropriately enlarged and the model can be optimized.A more in-depth discussion of this topic.