金融支持我国低碳产业技术效率的研究

发布时间：2018-03-06 14:19

本文选题：低碳企业　切入点：随机前沿分析　出处：《华南理工大学》2014年硕士论文　论文类型：学位论文

【摘要】：低碳经济是全球经济发展的热点问题，低碳经济的发展需要充足的资金支持。根据金融深化、金融功能等理论，金融支持可以聚集大量的社会财富，在国民经济各行业中配置资金，为企业的成长和技术进步提供了坚实的物质基础，提高生产的技术效率。目前中国正处于经济转型升级的关键时期，从高排放、高污染的增长模式转向可持续的低碳经济是保持经济稳健增长的必由之路。我国低碳经济还处于培育阶段，规模小、风险高、技术落后不成熟，而通过加强金融对低碳企业技术创新的支持，对低碳企业的发展壮大具有重要意义。因此，本文拟通过实证分析测算现时我国低碳企业的技术效率水平，并分析金融影响低碳企业技术效率的因素，根据实证结果提出金融支持低碳企业技术效率的可行性建议。本文阐述了金融深化、金融约束、内生金融、金融功能等理论得出金融的支持对实体经济的促进原理，阐述技术创新理论得出技术的创新对于经济可持续发展的重要性，在此理论基础上探讨金融支持低碳经济发展的作用机制。综述国内外关于技术效率和金融支持、低碳经济金融支持方面的文献，论述我国目前金融支持低碳产业所取得的成果。在理论基础和前人研究成果技术上，本文探索了金融支持对企业效率的影响机制。接着在Farrel（1957）提出的前沿生产分析框架下，采用超越对数型柯布—道格拉斯生产函数作为低碳企业的生产函数，，借鉴Battese和Coelli(1995)提出的随机前沿生产模型，对50家低碳上市企业5年2000多个样本数据，定量测度样本低碳企业的技术效率，然后引入各企业中影响技术效率的相关变量，重点探究金融支持对技术效率的作用机制。本文主要的研究结论为：第一、我国低碳企业的总体技术效率平均值只有0.182，处于很低的水平，有很大的提升空间；第二、资产总规模、资产负债率、非流动负债率这个三个指标对低碳企业的技术效率产生显著正影响，因此金融支持可以提高企业的技术效率；第三、我国金融支持低碳产业的规模不断增大，但是依然存在不少急需解决的问题。
[Abstract]:Low-carbon economy is a hot issue in global economic development. The development of low-carbon economy needs adequate financial support. According to the theories of financial deepening and financial function, financial support can accumulate a large amount of social wealth. The allocation of funds in various sectors of the national economy has provided a solid material basis for the growth and technological progress of enterprises and improved the technological efficiency of production. At present, China is in a critical period of economic transformation and upgrading, from high emissions. The only way to maintain steady economic growth is to shift the high-pollution growth model to a sustainable low-carbon economy. China's low-carbon economy is still in the cultivation stage, with small scale, high risk, and backward and immature technology. By strengthening the financial support to the technological innovation of low-carbon enterprises, it is of great significance to the development and growth of low-carbon enterprises. Therefore, this paper intends to measure the technological efficiency level of low-carbon enterprises in China through empirical analysis. The paper also analyzes the factors that affect the technical efficiency of low-carbon enterprises, and puts forward some feasible suggestions on how to support the technological efficiency of low-carbon enterprises based on the empirical results. This paper expounds the theories of financial deepening, financial restraint, endogenous finance, financial function, etc., and points out the promotion principle of financial support to the real economy, and expounds the importance of technological innovation to the sustainable development of economy by the theory of technological innovation. On the basis of this theory, this paper discusses the mechanism of finance supporting the development of low-carbon economy, summarizes the literature on technical efficiency and financial support, and financial support of low-carbon economy at home and abroad, and discusses the achievements of financial support to low-carbon industry in China. On the basis of theory and previous research achievements, this paper explores the influence mechanism of financial support on enterprise efficiency. Then, in the framework of frontier production analysis proposed by Farrell 1957, By using the production function of transcendental logarithmic Cobb-Douglas production function as the production function of low-carbon enterprises and using the stochastic frontier production model proposed by Battese and Coelligan 1995), more than 2 000 samples of 50 low-carbon listed enterprises were collected for 5 years. Quantificationally measure the technological efficiency of a sample of low-carbon enterprises, and then introduce the relevant variables of each enterprise to explore the mechanism of financial support to the technical efficiency. The main conclusions of this paper are as follows: first, the average overall technical efficiency of low-carbon enterprises in China is only 0.182, which is at a very low level, and there is a lot of room for improvement; second, the total scale of assets, the ratio of assets to liabilities, The three indicators of non-current debt ratio have a significant positive impact on the technical efficiency of low-carbon enterprises, so financial support can improve the technological efficiency of enterprises. Third, the scale of low-carbon industries in China's financial support is increasing. But there are still many problems that need to be solved.
【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832;F124.5

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