The Research On The Efficiency Of State-owned Large And Medium Enterprise Financing In Liaoning Province Based On AGA-AHP

With the reform and opening up,the socialist market economic system was been established, developed and perfected.Enterprises have also been vigorously developed and strengthened, especially the state-owned enterprises are no longer subject to government's control and narrow regulation, the government can only control the macro level, the state-owned enterprises have to meet market demand, exporting their a large number of products in order to develop their self, that requires a lot of money, not as before only be prescribed banks rib by national policy,Only have different financing channels. Enterprise financing process is the process guiding enterprises resources allocation.Its ultimate goal is conducive to optimize the allocation of social resources.In 1993, the State Council put forward the rejuvenation of old industrial base in north-eastern china, while the Liaoning Province is a large province in northeast economy and national income and in the leader's position.The Liaoning Province is typical and historical epitome in northeast China old industrial bases. Implementation of old Industrial evitalization of Liaoning will conducive to sustained, rapid and healthy development of the country,and help to promote the strategic restructuring of state-owned economy.It will help improve the industry and the international competitiveness of enterprises and help to improve the interna-tional competitiveness of enterprises.It is of assistance to social stability and national security. We have to develop the state-owned enterprises in Liaoning Province in order revitalize Liaoning. State-owned enterprises is the key in important sectors of national economy and plays adecisive role in the whole economic development. Large and medium-sized soes are pillars of the national economy, Determine overall economic development. However, a number of large and medium state-owned enterprises in Liaoning province is still lagging behind, and in the heavy debt burden, their technology is backward, the equipment is aging, still lack a lot of money,they need a lot of money (financing) to promote the development of the enterprises.According to the status quo analysis of the financing of medium-sized state-owned enterprises in Liaoning Province and concluded the old industrial base in Liaoning less internal financing, the proportion of direct financing is very low, foreign capital utilization is very low Accelerating genetic algorithm of AHP is used in this Master thesis, Establishing the hierarchy structure with the evaluation index. By constructing a comparison matrix, these problems (internal financing,direct financing, external financing,bank loan, property exchange) founded impacting on the efficiency of financing is studied.Therefore, use modern finance theory and hierarchical analysis to study financing efficiency of the large and medium state-owned enterprises in Liaoning Province is very theoretical value and practical significance.