The Financing Behavior And Performance Research On Innovation Enterprise Of NEEQ

Generally speaking, small and medium-sized enterprise to finance in our country, basic is through Banks or private lending, and due to the small and medium-sized enterprise development process of the common fault of the inherent financial regulatory, bank interest rates to the enterprise is in the benchmark interest rates to rise sharply, or do not conform to the requirements of the bank lending, enterprises only through private lending, as a result, the high cost of financing, some companies can't finance successfully, even the small and medium-sized enterprise the key to the further development is restricted by the factors, the fundamental solution is to develop the direct financing. Current developing new three board for our country small and medium-sized enterprises to broaden the financing channels, especially for the potential of high growth provides a new innovative small and medium-sized enterprises of direct financing channels. Due to new three board and the existing main board listing rules, small and medium-sized plate company, has obvious difference between the growth enterprise market, therefore, look back the past 2015 years, the new three board field plays a barrel with rich chapter-new three board increase from 1000 to 1000 home for 7 months, and increases from 4000 to 5000, tightly with the 35 working days. At the same time, the new three board financing exceed 120 billion yuan, more than the gem; As of August 31,2016, the new three board listed companies of 8904. Since June 27, China formally implement new three board stratification system management, for the first batch of new three board innovation layer only 953 companies, so innovation layer is the representative of the new three board listed companies, so, to understand the effect of financing small and medium-sized enterprises in the new three board, can be on the new three board innovation study on special layer of corporate financing behavior and performance. In this article, through selecting on July 1,2015 to January 1,2016 has been between one or more financing new three board layer for enterprise innovation model, considering the new three board industries innovation layer of the financial indicators and evaluation standard gap is bigger, may cause the financing performance model of failure, while manufacturing in the innovation of higher layer enterprise, more typical, so eventually settled on the focus of the manufacturing industry as the research object. And we respectively from electrical machinery and equipment manufacturing, chemical raw materials and chemical manufacturing, general equipment manufacturing industry, pharmaceutical manufacturing in the five manufacturing segment randomly select 50 companies, as the final sample for empirical analysis.Using SPSS20 measurement software, this article mainly USES the factor analysis method, the above 50 companies to analyse and evaluate finance performance. Through the analysis of regression model we can observe the new three board layer of corporate financing innovation performance has the following features: (1) most of the enterprise performance after financing have varying degrees of decline. We the sample amount is 50 companies, including 27 enterprises in financing performance fell, after the ratio is more than 50%. (2) we are in the empirical process selected the five segment in manufacturing industry, through the financing performance values before and after, we is not hard to find, large difference between different subdivision industry performance, including pharmaceutical manufacturing, communications, computer and other electronic equipment manufacturing industry in general performance ranking the front, general equipment manufacturing, chemical raw materials and chemical manufacturing and electrical machinery and equipment manufacturing performance. (3) in different subdivision industry model of different factors on the performance difference is bigger also. The electrical machinery and equipment manufacturing industry on the profit factor better; Chemical raw materials and chemicals manufacturing did better on repayment factor; Performed very well in terms of operating factors, pharmaceutical manufacturing; As for growth factors, the top general equipment industry.In this paper, the conclusion indicates that the new three board layer of corporate financing innovation effect is not very ideal, and the obvious difference between different niche business.