Research On Efficiency Evaluation And Channel Optimization Of Enterprise Green Technology Innovation Investment And Financing

With the continuous advancement of ecological civilization construction in China,the green development trend of small and medium-sized enterprises is becoming more and more obvious,and green technology innovation has become an important means to accelerate the transformation and upgrading of enterprises and achieve sustainable development.As the main body of green technology innovation,enterprises bear the social responsibility of protecting the ecological environment.However,because the overall financing environment of Chinese enterprises is not optimistic at present,the problems of difficult and expensive financing for small and medium-sized enterprises have been existing for a long time,which has caused certain constraints on green technology innovation of enterprises and seriously hindered the development of enterprises.The investment and financing situation of green technology innovation of enterprises is not only related to the development of enterprise itself,but also closely related to the national green development strategy.Therefore,based on information asymmetry theory and stakeholder theory,this paper studies the investment and financing efficiency and channels of enterprise green technology innovation by comprehensively using methods such as literature analysis,comparative analysis,evolutionary game method,simulation analysis method,data envelopment analysis method and multiple regression model.Through the research,this paper draws the following conclusions:Firstly,there are some differences between the trend of green technology innovation in China and the current situation of green technology innovation in enterprises.Secondly,the financing efficiency of green environmental protection enterprises is gradually rising at a low level.Thirdly,the intensity of enterprises’ own development indicators will have different effects on the financing efficiency of green technology innovation.Fourth,investment and financing behavior of green technology innovation of enterprises is closely related to the interests of each subject.