Research On Financing Efficiency Of New Three Board Listed Companies In Shandong Province

Small and medium-sized enterprises(SMEs),as one of the important supports of our economy,have developed rapidly in recent years.However,due to the influence of internal management and external social financing environment,SMEs in China are facing such problems as single financing channels,unobstructed financing and low financing efficiency.Our government attaches great importance to the development of small and medium-sized enterprises,and has promulgated a series of policies to support the development of small and medium-sized enterprises,so as to provide guarantee for the development of small and medium-sized enterprises.As an important financing channel for small and medium-sized enterprises,the emergence and development of the new third board provides an important way for the financing of small and medium-sized enterprises.It not only provides a financing platform for the sustainable development of small and medium-sized enterprises,but also promotes the standardization of financial markets and the prevention of financial risks.Although the new third board market is not as demanding as the main board market,its requirements also promote the standardization of business management to a certain extent,and play a role in promoting the sustainable and healthy development of small and medium-sized enterprises.The growth of the new three-board listed companies also makes the overall financing scale expanding.However,many listed companies are not efficient in financing,which has gradually attracted attention.Whether the new three-board listed companies can obtain funds and improve the financing efficiency has become a hot topic of current concern.This paper uses normative research method and empirical research method,through the analysis of domestic and foreign literature on financing efficiency,influencing factors and evaluation methods,uses deductive and inductive methods to conduct theoretical research on its financing efficiency.On the basis of the existing theoretical basis,with the help of DEA model,this paper divides the financing of new three-board listed enterprises in Shandong Province.Through the analysis and calculation,through the empirical research,this paper analyzes the actual situation of financing efficiency of SMEs listed on the new third board in Shandong Province,and then puts forward the safeguard measures to improve the financing efficiency of enterprises listed on the new third board in Shandong Province.This paper takes Shandong New Third Board Listed Enterprises as the research object,chooses sample enterprises for analysis,studies the financing efficiency and influencing factors of Shandong New Third Board Listed Enterprises,and obtains the results through empirical analysis,combines with the actual development of Shandong SMEs,from the perspective of influencing factors of Shandong New Third Board Listed Enterprises.From the macro and micro levels,it provides countermeasures and suggestions for Shandong New Third Board Listed Enterprises to improve financing efficiency,so as to ensure that the financing efficiency of Shandong New Third Board Listed Enterprises can be effectively improved,to provide certain reference for similar enterprises to improve financing efficiency,and to standardize their financing behavior and provide reasonable financing efficiency for enterprises themselves.It has a better driving effect.