A Study On Listed SMEs Financing Efficiency In Hubei Province

After nearly 40 years of reform and opening up,China's economic has taken off rapidly.SMEs as an important part of our economy have also developed greatly.Especially after 2000,with the continuous growth of our small and medium enterprises,SMEs act an increasingly important role in promoting sustained and rapid development of China's economy,promoting social prosperity,increasing employment opportunities and improving people's livelihood.As a catalyst for economic development in our country,SMEs have occupied an important position in the national economy and social development.Although SMEs continue to growing in Hubei Province,making a great contribution to the economy of Hubei Province,but there are still a considerable number of SMEs financing problems,which is a time bomb in the development process of SMEs.Firstly,the direct financing of SMEs is still very difficult.Secondly,the banks provide single products of financial services to SMEs.Thirdly,because of low SMEs quality,there are a lot of problems in the internal control and financial management.Fourthly,retardation in SMEs credit guarantee.Fifthly,because the legal system is not perfect,there is no guarantee in the development of SMEs.SMEs is undoubtedly an important force pulling the rapid economic growth of Hubei Province,the quality of SMEs financing is in relation to their own survival and development.So,for SMEs,select the appropriate financing,improve use efficiency of financial resource,and ultimately improve the efficiency level of financing for SMEs in Hubei Province,which is a critical issue.This article is based on this background,a systematic study of Hubei SMEs financing efficiency,making a number of observations in order to improve the efficiency of SMEs financing in Hubei Province.This paper is divided into five parts.The first part is an introduction,introducing the background and significance,research status,the main contents of this paper,methods,techniques,innovations and inadequate route.The second part introduces some concepts of efficiency financing and related theories.The third section describes the current situation of listed SMEs financing efficiency in Hubei Province analysis of the factors affecting the efficiency of SMEs financing and analyses the factors of affecting the efficiency of SMEs financing.The fourth section describes the evaluation of financing efficiency DEA model,selects evaluations structuring DEA model,the empirical results obtained through the latest data,in order to study the efficiency of Hubei listed SME financing,obtaines the empirical results through the latest data in order to study the financing efficiency of listed SMEs in Hubei Province.Through some front research,the fifth part of this paper gives some proposals to increase financing efficiency of SMEs in Hubei Province.