Research On Input-output Efficiency Of Zhengzhou Science And Technology Finance

The effective combination of technology and finance is an important engine for realizing innovation-driven development and promoting regional economic transformation and upgrading.As a pilot city combining technology with finance,Zhengzhou's policy of first-in-first-out and its own strong technology foundation and rich financial resources have provided favorable conditions for the development of science and technology finance in Zhengzhou.Objectively judging the input-output efficiency of science and technology finance will help Zhengzhou to further enhance the driving force of financial support for science and technology innovation in the future.Based on the research of related literature,this paper sorts out the research contents and main methods of science and technology and financial efficiency at home and abroad.The data envelopment analysis method was used to measure the scientific and technological efficiency of Zhengzhou City from 2007 to 2018,and then a Tobit regression model was constructed to empirically test the main influencing factors of Zhengzhou's technological and financial efficiency.The main conclusions are as follows: First,the scientific and technological financial work of Zhengzhou has been moving forward,but it still needs to be further optimized and improved;second,the overall scientific and technological financial efficiency of Zhengzhou is relatively effective.To achieve the full efficiency of scientific and technological financial efficiency,investment in scientific and technological finance is required.The output ratio is appropriately adjusted;third,the efficiency of science and technology finance will be affected by the government,financial institutions and enterprises themselves.The unity of relying on financial investment in science and technology may reduce the level of technology finance efficiency;It has a significant role;increasing investment in R & D is conducive to the improvement of technological and financial efficiency.Finally,the following suggestions are proposed to improve the efficiency of science and technology input and output: clarify the role and role of government investment in the development of science and technology finance;strengthen the intensity and structure optimization of diversified financial resources;companies should upgrade Self-fund management and output conversion capabilities.