China’s Private Agro-food Companies Financing Efficiency Factors Affecting

In recent years, with the further development of the national economy, private enterprises, especially private listed companies have withstood various tests, to become a major force in the economic development of the country name. With the improvement of people’s living standards and the gradual emphasis on food quality and safety issues, and with the national food safety supervision continue to increase,and the "security tongue" closely related to the food processing industry is also increasingly concern all sectors of society. Especially in the two sessions held in 2016,deputies proposals on food safety also been the concern of all sectors of society,indicating "safe tongue" has risen to the national level, has become the well-being of the masses of the relationship, is a concern people’s livelihood, should be sufficient to bring the state and relevant departments.agro-food processing industry as one of the core sectors of the food processing industry, food production levels to grasp and absorb rural surplus labor, and increase their function, eclectic achieve food security and economic development has a very important role[1]. However, due to many unfavorable factors. In fact, money is a problem. How to use the money wisely, how to be more efficient use of funds raised, which makes many agricultural food companies feel helpless.This paper defines "agricultural food processing industry", "private enterprise" and "financing efficiency" and other concepts, and briefly describes the enterprise life cycle theory, efficiency theory and modern capital structure theory, as laid carding and empirical analysis later ideas a solid strong theoretical foundation. Secondly, the characteristics and the status of agro-food listed companies, qualitative analysis of the impact of national policies on financing efficiency, from business angle,qualitative analysis of the various factors that affect the life cycle of the financing efficiency.construction DEA model, select the agro-food processing industry, the analysis of the 2012-2014 financial efficiency of agricultural food processing industry,financing efficiency analysis of agro-food processing industry, in the course of the study, mainly from the start with two dimensions, these two dimensions are integratedinto the financing cost savings and asset allocation, this is mainly output indicators to measure two dimensions. DEA model in the use of time, but also enter the input indicators, input indicators mainly from the enterprise scale, financing costs and financing structure for analysis and propose appropriate policy measures based on results of the analysis. Finally, the conclusions of this paper and prospect, hope this research can lead to the attention of the relevant companies, to increase their focus on financing efficiency.