证券市场导报Issue(11)：20-25,6.
战略性新兴产业上市公司金融支持效率研究
摘要
Abstract
The nurturing and development of strategic emerging industries are major strategic choice of transforming China's economic development and leading to future sustainable economic development. Using the data of 112 listed companies from 7 strategic emerging industries and based on the DEA efficiency measurement form 2009 to 2011, it is found that the mean overall efficiency, pure technical efficiency and scale efficiency were growing in 2011 compared to 2010 and 2009. The equity financing efficiency of energy saving and environmental protection, new energy, new materials and IT industry increased much, while the equity financing efficiency of high-end technology and equipment industry showing no growth, but was still at a high level though, and the equity financing efficiency of biological and new energy automotive industry decreased slightly. After examined by Logit model, it is found that the listing of the company was conducive to maximize the value of strategic emerging industries, but the debt financing behavior had a negative impact on the efficiency of financial support.关键词
战略性新兴产业/股权融资效率/新兴产业上市公司/金融支持Key words
strategic emerging industries/efficiency of equity financing/listed co. in emerging industry/financial support分类
管理科学引用本文复制引用
翟华云..战略性新兴产业上市公司金融支持效率研究[J].证券市场导报,2012,(11):20-25,6.基金项目
本文的研究得到2012年国家社会科学基金一般项目“民族地区战略性新兴产业的金融支持研究”（批准号：12BMZ073）、教育部人文社科基金项目“企业价值信息披露、经营业绩与市场反应”（批准号：09YJA790208）、中南民族大学中央高校基本科研业务费专项资金项目“民族地区产业结构优化与资本市场资源配置研究”（批准号：CTS12025）的资助 （）
