Hope Education Financing Efficiency And Influencing Factors

In recent years,the private higher education industry has developed by leaps and bounds.Because the education industry has the characteristics of large initial capital investment,long return period and high debt scale,the level of financing efficiency of private higher education enterprises directly affects the development of the enterprise itself and the entire industry..Judging from the actual situation of the development of the private higher education industry in my country,the private higher education industry is still in the growth stage,and enterprises are facing many difficulties in the process of financing.For enterprises in the private higher education industry,whether they can integrate funds in a scientific and reasonable manner and realize the optimal allocation of funds is of great significance to the long-term development of enterprises.Based on the research and analysis of domestic and foreign related literature on the development of private higher education industry and corporate financing efficiency,this article focuses on the analysis of the current situation of Hope Education financing,and selects 20 private higher education listed companies related to Hope Education,using the data envelopment method(DEA)to evaluate the financing efficiency.Then use the Tobit regression model analysis method to analyze the factors that affect the financing efficiency of Hope Education.The empirical results show that the proportion of private higher education listed companies represented by Hope Education that will achieve effective financing efficiency in 2020 is 38%,and the overall financing efficiency of the private higher education industry is still relatively ineffective.Low scale efficiency is the main reason for the inefficiency of financing efficiency of private higher education listed companies in my country.Finally,according to the analysis results,it is proposed to improve the financing efficiency of the private higher education industry from the perspectives of improving corporate financing management control,optimizing corporate financing structure optimization,increasing the proportion of endogenous financing,and reasonably controlling the scale of enterprises.