| In the year of 2008, after financial crisis, people paid more attention to the environment problems, global economic growth was slow, in this context, new energy industry became the point of economic development, it had huge potential for development. New energy industry is an industry with high risk, long investment return period and so on, at this time, the development of our financial market is not perfect, it is difficult for financing. Thus it is important for me to research on this problem. This paper selects 54 new energy listing Corporation and the year of 2009 to 2013 to study the financing efficiency.The research on influencing factors of new energy industry financing, because of the development of new energy industry is rely on the macro economy, macro and micro factors should be taken into account. The macro factors include financial market, the domestic and foreign economic operation and so on; the micro factors include enterprise asset size and equity structure and so on.After the paper researching on the development of new energy and new energy financing, the paper can find out the reasons of financing difficulties; then combined with the research results of some scholars to evaluation the framework of the model, after that, the paper use DEA model and the super efficiency model to analyze from the two aspects of dynamic and static. And study on the 2013 China’s new energy industry. At last, the paper use Tobit regression to analysis section and take super efficiency as the explanatory variable, macro and micro influencing factors as explanatory variables. According to the regression results the paper put forward some policies and suggestions.Our new energy efficiency financing industry failed to achieve the effectiveness of financing efficiency, after regression analysis, financing efficiency multiplicity of factors affecting results. In view of this, China should solve the problem, the new energy industry to further broaden the ways and channels of financing, so that the new energy industry at a reasonable cost, and promote the healthy and rapid development of new energy industry, and ultimately achieve economies of scale. |
