Research on financing efficiency of private technological enterprises based on DEA model
Private technological enterprises are an important force to promote economic innovation and development.Taking the private technological enterprises listed in A-shares from 2013 to 2022 as the research samples,this study uses the data enveloping analysis method to measure the enterprise financing efficiency under the model of equity financing,debt financing and internal financing from static and dynamic perspectives respectively.The results show that the pure technical efficiency of private technological enterprises decreases greatly,and the overall financing efficiency of enterprises is low.The efficiency of endogenous financing and debt financing is greater than that of equity financing.No matter what kind of financing mode is adopted,the financing efficiency of private technological enterprises shows a downward tread.In view of this,private technological enterprises should continuously optimize the resource allocation,improve the level of management and innovation,in order to improve the financing efficiency of enterprises.
private technological enterprisesfinancing methodsfinancing efficiencythe model of DEA-BCCMalmquist index