Research On Financing Efficiency Of Listed Companies In High-tech Industries In Gansu Province

High-tech industry is different from other traditional industries, it has a high input, high-risk, high-yield and other characteristics of high-tech to be able to into practical productive forces, a lot of capital investment is one of the necessary conditions."Eleventh Five-Year" period, Gansu Province, high-tech industry in the total scale has improved significantly, the emergence of a number of state-of-the-art technological innovations and a higher market share of high-tech enterprises and products, but overall is still in relatively backward state, the economic benefits of high-tech innovation is not high. In this context, starting from the study of high-tech enterprises financing efficiency, explore the efficiency of the allocation of funds for the promotion of the development of high-tech enterprises in Gansu Province has a very important practical significance.This article is divided into six parts, the first part discusses the research background and significance, collate and analyze the related literature review; second part of the definition, high-tech enterprises and financing efficiency and an overview of the financing efficiency theory;three parts listed company profile overview of the high-tech industry in Gansu Province based on two aspects of the scale of financing and financing structure of the financing situation of Gansu Province high-tech industries listed companies; fourth part of the use of DEA from technical efficiency,pure technical efficiency and scale efficiency, measure the level of efficiency of listed companies financing of high-tech industries in Gansu Province:Gansu Province high-tech industries listed companies financing efficiency is generally low; fifth part from the macro and the company’s own two aspects analysis of the factors affecting the efficiency of Gansu Province, high-tech industries listed companies financing; sixth part of the financing efficiency evaluation findings and influencing factors put forward countermeasures and suggestions to improve the efficiency of Gansu Province high-tech industries listed companies financing.