Research On The Performance Evaluation Of Local Financial Science And Technology Investment Based On DEA Method

In this paper,the data envelopment analysis method is used to evaluate the Guangzhou's performance of financial science and technology investment in 19 years from three aspects of science and technology direct output,economic benefit and social benefit,and to evaluate the efficiency level of Guangzhou financial science and technology investment,and draw the relevant conclusions.Financial investment in science and technology has played an irreplaceable role in guiding the funds to invest in the local community,encourage technological innovation,promote technological development and economic growth.In 2014,Guangzhou R&D Expenditure amounted to 5.632 billion yuan,continuously improve the scientific and technological output,scientific and technological support economic and social development of the ability to continue to improve.But it cannot be ignored is that the current R&D Expenditure Guangzhou,there are still some problems.The lack of financial investment in science and technology,the output efficiency is not high to a large extent,reduce the performance level of financial investment in science and technology,which restricts the improvement of regional scientific and technological level.In this context,this paper based on market failure,public goods and public accountability of the three public finance theory,the first of Financial Investment Performance Evaluation concept and characteristics are described,and then to Guangzhou,the total amount of financial investment in science and technology and structure was analyzed,and on this basis,the evaluation index system,selected in 1995-2013 year in Guangzhou City Finance Technology Apportionment as input indicators,select 1996-2014 provincial science and technology achievement award several patent applications number of licenses,technical market transactions contract amount,the total output value of high-tech enterprises,social labor productivity,large and medium industrial enterprises in the science and technology funds raised by the company as the amount of output indicators,and finally the use of non-parametric method of data envelopment analysis VRS model and DEAP2.1 software separately from the direct output,economic and social benefits of these three areas to assess the overall efficiency of R & D Expenditure in Guangzhou City,the pure technical efficiency and scale efficiency,and analyzes the reasons put forward policy recommendations.Studies have shown that: In recent years,the overall performance level of R & D Expenditure Guangzhou is not high,lack of output,insufficient investment in basic research efforts to develop high-tech industries is not enough and so on,the main reason is the Guangzhou City Finance Technology Input slow growth and lack of long-term The growth mechanism,funds to invest in the existence of errors,input structure is not reasonable,management also less standardized.Therefore,the Guangzhou municipal government should be clear government responsibility,sound financial technology investment mechanism and management methods,the introduction of R&D Expenditure Performance Evaluation programs to improve the performance level of financial investment in science and technology.Of course,due to the statistical data as well as the difficulty of limiting model operation,the paper constructed Financial Investment performance evaluation system is not perfect,we hope in future studies can be improved.