Research On Performance Evaluation Of The Financial R&D Spending In Hebei

Science and technology is a long-term national development strategy. In the development of science and technology,in our country, the fiscal support always plays a very important role.The performance evaluation of the financial R&D spending, as means of analysis to financial technology investment benefits, undertake the important task of managing the financial capital and improving the efficiency of the use of fiscal funds. Faced with a prolonged slump in the international economic situation and domestic economic situation continue to deepen reform, China's economic development is facing unprecedented challenges and opportunities; Performance evaluation of the limited financial R&D spending helps to strengthen the responsibility of the use of funds unit, to make it more reasonable to allocate the financial R&D spending structure, which has important practical significance.This paper defines the connotation of R&D spending from three aspects: concept, structure and characteristics, giving the concept of the performance evaluation of the financial R&D spending,based on the theory of public goods, 3E of public spending and the evaluation theory of data envelope analysis, and analyses from the scale and structure of the financial R&D spending in Hebei, to find the trend of total amount of financial R&D spending in Hebei is the growth within fluctuations,the movement of spending power is irregular,spending structure needs to be improved. As a prerequisite for performance evaluation of the financial R&D spending in Hebei, firstly, this paper dissertates on the principle of the performance evaluation of the financial R&D spending, and considers the principle of performance evaluation of the financial R&D spending should in the premise of general principles, particularly concerned science, related,systems, feasibility, timelines and guide. Secondly, this paper designs a performance evaluation system of two level and six indexes, and then selects two methods of DEA and factor analysis to performance evaluation to the financial R&D spending in Hebei. Finally, for the process and results of the performance evaluation of the financial R&D spending, this paper puts forward the feasible suggestion, and considers it should be improved and perfected in these items: the roles and responsibilities in financial R&D spending; scale and power of financial R&D spending; evaluation system; output structure configuration and excellent production achievements.The innovations of this paper is comprehensive utilization of DEA model to comprehensively evaluated to Hebei financial R&D spending with data from 2001 to 2013.the paper makes a comprehensive evaluation to Hebei financial R&D spending within two dimensional coordinate system, in which making the overall efficiency of DEA model as vertical axis and making the comprehensive score of factor analysis as horizontal axis. Finally, the paper concluded that total efficiency of financial R&D spending is not high in Eleventh Five-Year Plan, especially, the efficiency of high-tech industry's output value of new products and the amount of guiding social capital are the most unsatisfactory. However, the efficiency situation was reversed in the first three years of Twelfth Five-Year Plan, financial R&D spending is used efficiently. In order to better maintain the manner, this paper puts forward the countermeasures and suggestions to improve the financial R&D expenditure of Hebei.