Research On Financial Ecological Environment,nature Of Property And Financing Efficiency

As one of the seven strategic emerging industries,information technology enterprises have become an important force for the rapid development of China's social health.Under the current background of China's scientific and technological power and the Belt and Road Strategy,information technology companies have far-reaching implications for promoting industrial transformation and upgrading and deepening reforms.While information technology companies,as intensive industries,are rapidly developing,they are in urgent need of a large number of financing activities.Therefore,financing efficiency will directly affect the development of information technology companies.At the present stage,scholars mainly study the financing efficiency of information technology companies from the microscopic level,and information technology companies will be affected by both internal and external environments during the development process.Especially under the background of the vigorous development of our government,the development of information technology companies is more sensitive to changes in the external environment.However,due to the difficulty of measuring the macroeconomic environment,few scholars have explored the impact of the macroeconomic environment on the financing efficiency of information technology companies.As the most important external environmental factor,the financial ecological environment will affect the behavior of enterprises to a large extent.Based on this background,this paper studies the relationship between financial eco-environment and its four aspects and the financing efficiency of information technology companies.According to the nature of corporate property rights,this paper focuses on the impact of financial ecological environment on the financing efficiency of information technology companies in state-owned enterprises.Based on the theoretical analysis,this paper proposes related research hypotheses,and then uses the DEAP2.1 model and Stata14.0 software to verify how financial eco-environment and the four aspects affect the financing efficiency of information technology companies,and further explores the regulatory role of the two in state-owned enterprises.The main conclusions are as follows:(1)A sound financial and ecological environment helps to increase the financing efficiency of information technology enterprises.The more advanced the economic foundation level,the higher the level of financial development,the more perfect the social security and credit level,and information technology.The higher the financing efficiency of enterprises;the level of government behavior will reduce the financing efficiency of information technology companies;(2)in the state-owned enterprises,the financial ecological environment and economic development level,financial development level,social security and credit level of the financing efficiency of information technology companies The promotion effect is weakened,but the effect of government behavior on the efficiency of financing is not significant.According to the research conclusions,this paper puts forward the following suggestions:(1)Promote stable and rapid economic development,vigorously promote financial development,reduce excessive government intervention in the market economy,speed up the construction of social security and credit levels,and create a sound financial ecological environment for enterprises.(2)Accelerate the reform of the property rights system of state-owned enterprises and realize the rational flow of state-owned capital,thereby comprehensively raising the financing efficiency of state-owned enterprises.Through the above research conclusions and recommendations,this article hopes to provide reference opinions for China's information technology enterprises to improve their financing efficiency from the perspective of the macro environment.