Research On New Energy Enterprise Investment Efficiency Evaluation System Based On Green Development

Under the dual impetus of the development of energy technology and environmental pressure,China has begun to vigorously develop new renewable energy,and the investment scale of new energy enterprises is relatively considerable,and the phenomenon of industrial agglomeration gradually appears in the southeast and northwest regions.However,in the continuous expansion of the investment scale of new energy enterprises in China,blind investment and additional environmental pollution also occur,and there is a huge difference between the economic input and the economic and environmental output of enterprises,and there is a mismatch problem.For both external investors and internal managers,the investment efficiency of new energy enterprises is the focus of attention.Therefore,in view of the current investment boom in the new energy industry in China,the influencing factors of the investment efficiency of new energy enterprises are discussed from the perspective of green development,and the establishment of the investment efficiency evaluation system is an important link to improve the overall investment efficiency of the new energy industry and promote the development of the new energy industry.In this paper,from the perspective of investment management,both internal and external factors are included in the analysis of investment efficiency factors,and the evaluation system of investment efficiency of new energy enterprises is established on the basis of considering green development.First of all,this paper sorts out the theories related to investment efficiency and green development and summarizes the relevant domestic and foreign literatures,providing a theoretical basis for the construction of the evaluation system of investment efficiency of new energy enterprises based on green development.Secondly,this paper summarizes the development status of new energy enterprise investment,focusing on the analysis of investment problems,including blind investment efficiency is low;The utilization rate of green financial instruments is low;Tends to ignore environmental risks;It relies too much on government subsidies and puts forward the necessity of investment management of new energy enterprises.Then,in this paper,based on the review and summarize the above,to build a new energy enterprises based on green development investment efficiency evaluation system,analysis of enterprise internal factors include corporate governance,financial management,enterprise competitiveness,external influencing factors include environmental regulation,policy guidance,market orientation,determine the system theory and application of the target and principles of building,and put forward based on green development is suitable for the new energy enterprise of input and output index system and the concrete evaluation model,including SBM-undesirable model of static and dynamic Malmquist index-Luenberger.Finally,this paper takes 2014-2019 as the research period and 26 new energy enterprises in East and South China as examples to carry out the application of the evaluation system.The static and dynamic efficiency is evaluated respectively,and targeted suggestions are put forward according to the evaluation results,including improving the utilization efficiency of fixed and intangible assets;Improving the capital structure;Improve the ability of independent innovation;Strengthen the intensity of emission reduction and information disclosure;Strengthen management assessment,improve the decision-making mechanism.