Study on Financing Efficiency of Listed Technology SMEs Based on DEA Method

DOI

10.2991/assehr.k.200428.096How to use a DOI?

Keywords

financing efficiency, technology SMEs, data envelopment analysis (DEA)

Abstract

The data envelopment analysis (DEA) method is employed in this paper to analyze the financing efficiency of 706 technology small and medium-sized enterprises (SMEs) listed on the SME Board and the Growth Enterprise Market (GEM). The empirical results show that the average value of TE in the first three quarters of 2019 is 0.728, which is a decrease from 0.768 in 2018. The average value of PTE and SE are 0.936 and 0.777 in the first three quarters of 2019, and are 0.923 and 0.823 in 2018. The financing efficiency of the selected companies is close to the high level in terms of both proportion and average value. The comprehensive technical inefficiency is mainly caused by the scale inefficiency, and the decrease of TE is also caused by the decrease of SE. This result means the system and management of technology SMEs should be affirmed, but it is necessary to better grasp the scale and match the source and use of funds, in which both companies and the government need to make efforts.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xinyi Lang
PY  - 2020
DA  - 2020/05/01
TI  - Study on Financing Efficiency of Listed Technology SMEs Based on DEA Method
BT  - Proceedings of the 6th International Conference on Humanities and Social Science Research (ICHSSR 2020)
PB  - Atlantis Press
SP  - 450
EP  - 455
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200428.096
DO  - 10.2991/assehr.k.200428.096
ID  - Lang2020
ER  -