The Research On Financial Efficiency Of Changsha Based On Micro-level

In today’s age, level of financial development has become an important measureof national or regional economic development level, then, the level of financialdevelopment is as measured by the financial efficiency. In recent years, Changshafinance got great development, but as the capital city of Hunan province and thebibcock of ChangZhuTan urban agglomeration city still is out of proportion.Therefore, it is important realistic pertinence that the paper analyzes and discusses thedevelopment level of Changsha’ finance and financial efficiency.Financial efficiency is a very strongly comprehensive indicator, which can bedivided specifically from macro and micro aspects. This study will analyze anddiscuss the financial efficiency of Changsha from the micro-level. Through a detailedanalysis about the present situation of financial development of Changsha, it can beconcluded that the overall financial development in Changsha city is in goodcondition, and the development of financial institutions have also made great progress.By using the basic data envelopment analysis model (C2R model), this paper hascarried out the empirical analysis of financial efficiency of Changsha city from twoaspects of longitudinal and transverse, then come to a conclusion: In the longitudinalcomparison research, the financial efficiency of Changsha is relatively low in someyears, but the overall trend is in a rising state; In the horizontal comparison study,financial efficiency of Changsha, among22provincial capital, is located in themedium level and not reaches Pareto Optimality. The reasons can be summarized thatfinancial resource configuration is not reasonable, the conversion rate of science andtechnology to finance is not high, personnel quality is low and insufficient economiesof scale, etc. Therefore, it is necessary to perfect the internal constraint mechanism offinance and optimize the financial ecological environment to solve these problems, soas to promote the financial development level of Changsha and improve the financialefficiency.