Research On The Financing Efficiency Of Chinese Listed Companies Based On Ahp-dea

For listed companies,financing is an important channel for them to expand the market scale and enhance their competitiveness.For listed companies,securities companies are an important financing channel,through which listed companies can conduct public financing,thus promoting the optimal allocation of resources.In the process of continuous development,China's capital market has been gradually improved.The reform of non-tradable shares and the introduction of other relevant policies have promoted the improvement of the securities market,which has also led to the corresponding changes in the equity financing preference of listed companies in China.However,in general,compared with foreign listed companies,the financing efficiency of listed companies in China is generally not high,which on the one hand indicates that China's securities market is not perfect,on the other hand,it is closely related to the financing level,financing decisions,management level and other factors of enterprises.Based on this,this paper studies the financing efficiency of listed companies in China.From a macro perspective,an evaluation model is established based on the general characteristics of factors influencing the financing efficiency of listed companies,and an ahp-dea model is applied to construct the evaluation model of financing efficiency of listed companies.From the micro application,this paper selects A company in the new energy industry as an example to evaluate its financing efficiency in the same industry,so as to provide certain reference for the optimization of financing efficiency of specific listed companies.The ahp-dea model constructed in this paper is A basic theoretical model that can evaluate various types of listed companies in A general sense,while the empirical analysis of company A is A practical verification of the usefulness of this model.This paper firstly analyzes the necessity and relevant background of research on financing efficiency of listed companies,introduces the concepts and theories related to financing efficiency,and introduces two model construction methods of AHP method and DEA method.Then,this paper analyzes the main influencing factors of listed companies' financing efficiency,selects the core indicators with important influence,and calculates the weights of different indicators by using AHP method.On this basis,this paper selects the index with high weight to construct the input and output index of DEA model.The listed company A was selected as A case to evaluate and compare the financing efficiency of the company and the top 20 enterprises in the new energy industry.This paper hopes that the construction of relevant models can provide certain beneficial references for the evaluation of financing efficiency of listed companies.Meanwhile,it also hopes that the analysis of existing problems in financing efficiency from the perspective of new energy industry and the proposal of relevant countermeasures can provide certain enlightenment and reference for the improvement of financing efficiency of company A and new energy industry.