Based on financing efficiency evaluation and influencing factors of new energy enterprises based on DEA-Malmquist-Tobit model

Maoqi Gu

doi:10.54097/hbem.v7i.6975

Authors

Maoqi Gu

DOI:

https://doi.org/10.54097/hbem.v7i.6975

Keywords:

New energy enterprises, financing efficiency, DEA model, Tobit Regression.

Abstract

Based on panel data of 120 new energy enterprises from 2016 to 2021, this paper studies the current situation of financing efficiency of new energy enterprises. DEA-BCC model, Malmquist index and Tobit model are used to measure the financing efficiency of additional energy enterprises and analyze its influencing factors. The results show that the proportion of new energy enterprises with effective financing does not exceed 20 %, but the proportion shows a fluctuating upward trend ; the financing efficiency of new energy enterprises decreased by 2.6 %, which was more obviously restricted by the technological progress index. The level of economic development, the quality of workers and the level of technology have a promoting effect on the financing efficiency of different energy enterprises, while the asset-liability ratio, ownership concentration and operating cost ratio have an inhibitory effect.

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