Research On Debt Financing Efficiency Of Private Listed J Companies In Automobile Manufacturing Industry

As an important part of China’s economic development,automobile manufacturing industry plays an irreplaceable role in the creation of national profits and taxes.However,auto manufacturing enterprise in the macro policy of the reform of government supply side,there was a decrease in the money supply,at the same time,our country automobile industry independent brands due to weak level of technology,coupled with foreign manufacturers,leading to poor economic benefit of enterprise,it also rising tensions in the automobile manufacturing enterprise’s cash flow.In particular,the co VID-19 epidemic in2019 has led to a decline in China’s national income and a decline in the demand for cars,which further increases the operating pressure of automobile enterprises and causes a serious shortage of funds.Private listed companies are the main body to promote the development of private economy and play an important role in promoting China’s economic development.Therefore,it is imperative to study the financing efficiency of private listed enterprises in automobile manufacturing industry.This paper takes the debt financing efficiency of private listed automobile manufacturing enterprises as the main research direction,and studies its current efficiency level,efficiency improvement and influencing factors.This paper is divided into seven chapters.The first chapter is the introduction,which mainly introduces the research background and significance,summarizes and sorts out the literature reviews at home and abroad,clarifies the research status and establishes the research direction of this paper by analyzing representative viewpoints.The second chapter mainly introduces the definition and theoretical basis of debt financing efficiency of private listed companies in automobile manufacturing industry,and systematically sorts out the channels of debt financing.The third chapter analyzes the operation and management level of Company J through a brief description of the company’s financial status and debt financing in connection with the actual situation.The fourth chapter conducts an empirical analysis on the debt financing efficiency of listed companies in the automobile manufacturing industry based on DEA model,selects ten input-output financial indicators and evaluates them respectively from the perspectives of static efficiency and dynamic efficiency.The fifth chapter specificallyanalyzes the obstacles to the improvement of the debt financing efficiency of Company J,and the sixth chapter proposes countermeasures to the problems existing in the improvement of the debt financing efficiency of Company J.By studying the debt financing efficiency of J company,we hope to find ways and methods to improve the debt financing efficiency of private listed companies in China’s automobile manufacturing industry.The seventh chapter is the conclusion,mainly aiming at the above analysis,puts forward the research conclusion,and analyzes the deficiencies existing in the research.