科技型中小企业挂牌新三板融资效率研究

发布时间：2018-06-10 01:52

本文选题：科技型中小企业 + 新三板　；参考：《贵州财经大学》2017年硕士论文

【摘要】：融资一直以来都是企业发展的一项重要内容,国内外学者在此方面的研究成果非常丰富,尤其是在资本市场发展起来后,学术界对企业融资的研究没有中断过。当前,科技型中小企业在国民经济进程中是推动其进步的重要力量,并且已成为我国技术创新的主要载体和经济增长的重要推动力量,科技型中小企业由于自身的一些特点,规模不大、可供抵押的资产少,因此市场风险较大,融资难的问题较为突出,融资仅仅依靠传统的渠道则不能得到较好的金融支持。全国中小企业股份转让系统(NEEQ)在2013年末正式挂牌营业,科技型中小企业从此开辟了一条新的融资渠道。本文的研究对象是在新三板挂牌的科技型中小企业,在融资效率理论的基础上,与影响该类企业融资效率的因素相结合,从而构建出一套适用于科技型中小企业融资效率的科学合理的评价指标体系。选取合理的决策单元,运用DEA--Malmquist指数方法,从静态和动态两个角度对科技型中小企业在新三板市场挂牌的融资效率进行测度,进而探索提出提升科技型中小企业挂牌新三板融资效率的相关对策建议,从而使得科技型中小企业能够更有效地利用新三板这一新型融资方式来快速健康地发展。
[Abstract]:Financing has always been an important content of the development of enterprises. Scholars at home and abroad in this area of research results are very rich, especially after the development of capital markets, academic research on corporate financing has not been interrupted. At present, science and technology SMEs are the important force to promote their progress in the process of national economy, and have become the main carrier of technological innovation and an important driving force of economic growth in our country. The scale is small and the assets available for mortgage are less, so the market risk is larger, the financing problem is more prominent, and the financing can not get better financial support only by the traditional channels. The National small and Medium-sized Enterprises share transfer system (NEEQ) was officially opened in late 2013, and technology SMEs opened a new financing channel. The research object of this paper is science and technology small and medium-sized enterprises listed on the new three boards. Based on the theory of financing efficiency, it combines with the factors that affect the financing efficiency of this kind of enterprises. Thus, a set of scientific and reasonable evaluation index system for financing efficiency of small and medium-sized technological enterprises is constructed. Selecting reasonable decision making unit, using DEA-Malmquist index method, this paper measures the financing efficiency of small and medium-sized technological enterprises listed in the new third board market from the static and dynamic angles. Furthermore, the paper puts forward the relevant countermeasures and suggestions to improve the financing efficiency of the new three boards, so that the new three boards can be used more effectively to develop rapidly and healthily.
【学位授予单位】：贵州财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F276.3;F275;F832.51

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