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Title: RESEARCH ON THE FINANCING EFFICIENCY OF CHINESE STRATEGIC EMERGING INDUSTRIES
Authors: Zhang Yuan
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Zhang Yuan College of Economics and Management Nanjing University of Aeronautics and Astronautics, Nanjing, China
MLA 8 Yuan, Zhang. "RESEARCH ON THE FINANCING EFFICIENCY OF CHINESE STRATEGIC EMERGING INDUSTRIES." Int. j. of Social Science and Economic Research, vol. 3, no. 1, Jan. 2018, pp. 460-470, ijsser.org/more2018.php?id=32. Accessed 2018. APA Yuan, Z. (2018, January). RESEARCH ON THE FINANCING EFFICIENCY OF CHINESE STRATEGIC EMERGING INDUSTRIES. Int. j. of Social Science and Economic Research, 3(1), 460-470. Retrieved from ijsser.org/more2018.php?id=32 Chicago Yuan, Zhang. "RESEARCH ON THE FINANCING EFFICIENCY OF CHINESE STRATEGIC EMERGING INDUSTRIES." Int. j. of Social Science and Economic Research 3, no. 1 (January 2018), 460-470. Accessed , 2018. ijsser.org/more2018.php?id=32.
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Abstract: After the financial crisis, the global economic growth is slow. The countries all over the world have begun to seek for the new commanding heights of the economic strategy, in order to support their national economic development. In such an economic environment, Chinese treats strategic emerging industries as a major strategic choice for the transformation of economic development mode, and the focus of the industrial structure transformation. In order to achieve a high effective financing in strategic emerging industries, promote the development of strategic emerging industry healthily, this paper uses Super-SBM model to measure the financing efficiency of the strategic emerging industries listed companies in China during 2011-2016. Besides, it analyses the factors, which influencing the financing efficiency with the method of multiple regression model. The result shows that: Generally speaking, Chinese strategic emerging industry listed companies are not achieve effective financing now, but overall financing efficiency is relatively high. Many enterprise internal factors affect financing efficiency, the scale, operating capacity and quality of enterprises have positive effect on financing efficiency, while improper financing structure will hinder the increase of financing efficiency.

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