Analysis On The Financing Efficiency Of New Third Board Companies

SMEs are the backbone of national economic development.However,due to the constraints of their own conditions and the constraints of the surrounding environment,financing difficulties have undoubtedly become a problem facing SMEs.The emergence of the New Third Board has greatly eased the difficulties faced by SMEs.2017 was a period of significance for the new 3rd board market.The new 3rd board system was more perfect,which made the new 3rd board market provide a more convenient financing platform for domestic SMEs and provided opportunities for a large number of companies.Under this background,this article first elaborated the development status of the new Third Board Market,summarized the environmental background of the development of SMEs and dealt with the research status of related fields at home and abroad and the number and scale of listed companies.The status and distribution areas summarize the financing effects of SMEs in the New Third Board Market and analyze the deficiencies.In addition,in order to better understand the relevant data of the New Third Board Market,take the financing efficiency of Wooboo mobile Media Company as an example.Because of its listing as an example,the multi-Garch model was used to test the financing efficiency of SMEs in the New Third Board Market.Fourth,similarly taking Wooboo Media Corporation as an example,it analyzed the current financing efficiency of the New Third Board market from a financial and non-financial point of view(corporate governance,internal management,corporate reputation,etc.)and verified this efficiency.Finally,the paper analyzed the existing problems in the financing of the New Third Board Market and put forward feasible suggestions for optimizing the financing efficiency of SMEs.