摘要
中小企业融资难问题由来已久,新三板具有挂牌门槛较低的特点,这为更多的中小企业开辟了新的融资渠道。本文运用DEA模型实证分析了我国62家新三板中小企业在2011年—2014年的总技术效率、纯技术效率和规模效率。从实证分析结果来看,我国新三板中小企业总体的融资效率不高,有近一半的企业存在融资较无效的问题。导致企业总技术效率不高的因素主要在于规模较小,大部分企业均为规模报酬递增,说明当前我国新三板中小企业面临的主要问题是规模较小,需通过融资扩大经营规模从而实现规模效应。但分年份来看,无论在总技术效率、纯技术效率还是规模效率,都可以发现新三板中小企业的融资效率在不断提高。
Financing difficulties of SMEs is a long-standing problem. NEEQ has the characteristics of lower threshold so that more SMEs can have access to financing channels. This thesis uses DEA model to do an empirical analysis about total technical efficiency,pure technical efficiency and scale efficiency of 62 NEEQ SMEs from 2011 to 2014. The empirical analysis shows the financing efficiency of NEEQ SMEs is not high and nearly half of the enterprises cannot have access to valid financing. The main reason for lower total technical efficiency lies in the small size of enterprises. The return to scale of most enterprises is increasing. That shows the main problem of NEEQ SMEs is small size of enterprises,which need expand the financing scale to achieve economies of scale. In terms of a particular year,regardless of the total technical efficiency,pure technical efficiency,and scale efficiency,the efficiency of financing for NEEQ SMEs can be found increasing gradually.
出处
《西华大学学报（哲学社会科学版）》
2016年第6期62-67,共6页
Journal of Xihua University(Philosophy & Social Sciences)
基金
国家自然科学基金项目“中国金融压力、宏观经济波动与最优货币政策规则研究”(71473090)
广东机电职业技术学院教科研项目“我国新三板中小企业融资效率研究”(YJW2016-10)的资助
关键词
DEA模型
总技术效率
纯技术效率
规模效率
DEA model
total technical efficiency
pure technical efficiency
scale efficiency
