Empirical Analysis of Financing Efficiency and Influencing Factors of Listed Companies in Xinjiang Manufacturing Industry
As a region with a relatively low degree of economic development in the country,the development of Xinjiang's economy is the difficulty and focus of the country's comprehensive realization of great rejuvenation.To break through the difficulties and grasp the key points,the key link is to realize the revitalization of the manufacturing industry,and the comprehensive revitalization of the manufacturing industry can not be separated from the effective follow-up of financing.In view of this,based on the panel data of listed manufacturing companies in Xinjiang from 2012 to 2022,using DEA-BBC to analyze the financing efficiency of the manufacturing industry,and by constructing a Tobit panel model to study the main factors affecting the financing efficiency of the manufacturing industry,it is found that the overall financing efficiency of the listed manufacturing companies in the Xinjiang region is on the low side,and the main reason for this is that the technological progress of the inefficiency.As a result,financing efficiency can be improved through technological innovation,which will in turn promote the high-quality development of the manufacturing industry in the region,with a view to catching up with the national development level as soon as possible.
NETL
NSTL
万方数据
