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Financial Services System For The Effect Of Enterprises' Financing Efficiency During The Development Of Headquarters Economy-An Empirical Study Of Xi'an Hi-tech Industries Development Zone

Posted on:2010-12-19Degree:MasterType:Thesis
Country:ChinaCandidate:T GanFull Text:PDF
GTID:2189360278474572Subject:Management Science and Engineering
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For the aim of being China's innovation center and world first-class hi-tech zone" and highlighting two main lines—technological innovation system and innovation environment, this paper based on a thesis "finance is the core of modern economy, sustainable development of hi-tech zone can not be separated from financial support, then Xi'an hi-tech industries development zone was taken as an example to be researched and analyzed for its financial support during the headquarters economy development. Further more, the conclusion of this paper gave meaningful references on how to enhance the finance competitiveness and upgrade the attractiveness of Xi'an hi-tech industries development zone as enterprises'headquarters.The main content of this paper included three parts: first of all, this paper carried out a ground-breaking research on the relationship between the financial services system and headquarters economy development from the norms and empirical views; then by concluding the literature of financing efficiency, this paper constructed an assumption model of the key factors that affect corporate financing efficiency and researched the effects that financial services system having on corporate financial efficiency. With the purpose of this paper and the status quo, the study focused on external financial services system that has effect on the corporate financing efficiency.Through questionnaires and interviews, this paper used factor analysis,correlation analysis and canonical correlation analysis with SPSS16.0 as well as DEMATEL with MATLAB7.6 to verify assumptions and analyze the financial services system in Xi'an hi-tech industries development zone. Finally, propose some main conclusions:(1)Financial services system is a prerequisite for the development of headquarters economy and the development of headquarter economy will promote financial services system to be perfect. (2) The development of financial services system and sub-systems are unequal: Preferential policies on financial services system are essential for enhancing the level of services. However, the quantity of scientific policies and technological input is limited .So there are rarely number of small or medium-sized hi-tech enterprises can get truly preferences;Support platform for financial services has a high-level impact on other parts of financial services system in Xi'an hi-tech industries development zone, but the questionnaire survey conducted by enterprises showed a low satisfaction of the financial intermediary platform;Financing channels are single and financing is difficult through Capital Market;Credit rating systems give too much emphasis on the financial situation and too much reliance on "security" and "counter-guarantee", whereas the systems are lack of professional credit evaluation system for hi-tech small and medium-sized enterprises. (3)Financial services system and its sub-systems have significant positive correlation with hi-tech corporate financing efficiency.
Keywords/Search Tags:Financial Services System, Enterprises'Financing Efficiency, Headquarters Economy, Xi'an Hi-tech Industries Development Zone
PDF Full Text Request
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