Research on financing ecology and financing efficiency of strategic emerging industries in China
After integrating external ecological and endogenous factors of the development of the industry, the paper builds a financing ecology index system, and analyses the financing ecology of strategic emerging industries in recent years. Then the paper further analyses the influence of external and inter...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2019-03-01
|
| Series: | Journal of Business Economics and Management |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/JBEM/article/view/9592 |
| _version_ | 1818333431976689664 |
|---|---|
| author | Ke Xu Chengxuan Geng Xiaoshu Wei |
| author_facet | Ke Xu Chengxuan Geng Xiaoshu Wei |
| author_sort | Ke Xu |
| collection | DOAJ |
| description | After integrating external ecological and endogenous factors of the development of the industry, the paper builds a financing ecology index system, and analyses the financing ecology of strategic emerging industries in recent years. Then the paper further analyses the influence of external and internal financing ecology on financing efficiency. The results show that the financing ecology of the strategic emerging industries, external financing ecology in particular, is in the continuous improvement. The financing efficiency is significantly positively correlated with the macro-economy level and the internal financing ecology, and significantly negatively correlated with the role of government. There is a positive but non-significant correlation between financial development and financing efficiency, meanwhile a negative and non-significant correlation between credit environment and financing efficiency. The internal and external financing ecology can be replaced to some extent. Therefore, the strategic emerging industries should give full consideration to the synergistic optimization of the endogenous factors and external financing ecology so as to improve the financing efficiency. |
| first_indexed | 2024-12-13T13:51:32Z |
| format | Article |
| id | doaj.art-27ade8bf7c284880bd6029cfdef3e2d2 |
| institution | Directory Open Access Journal |
| issn | 1611-1699 2029-4433 |
| language | English |
| last_indexed | 2024-12-13T13:51:32Z |
| publishDate | 2019-03-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Journal of Business Economics and Management |
| spelling | doaj.art-27ade8bf7c284880bd6029cfdef3e2d22022-12-21T23:43:07ZengVilnius Gediminas Technical UniversityJournal of Business Economics and Management1611-16992029-44332019-03-0120210.3846/jbem.2019.9592Research on financing ecology and financing efficiency of strategic emerging industries in ChinaKe Xu0Chengxuan Geng1Xiaoshu Wei2School of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, 211106; School of Economics and Management, Changzhou Institute of Technology, Changzhou, 213032School of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, 211106School of Foreign Languages, Jiangsu University of Technology, Changzhou, 213001After integrating external ecological and endogenous factors of the development of the industry, the paper builds a financing ecology index system, and analyses the financing ecology of strategic emerging industries in recent years. Then the paper further analyses the influence of external and internal financing ecology on financing efficiency. The results show that the financing ecology of the strategic emerging industries, external financing ecology in particular, is in the continuous improvement. The financing efficiency is significantly positively correlated with the macro-economy level and the internal financing ecology, and significantly negatively correlated with the role of government. There is a positive but non-significant correlation between financial development and financing efficiency, meanwhile a negative and non-significant correlation between credit environment and financing efficiency. The internal and external financing ecology can be replaced to some extent. Therefore, the strategic emerging industries should give full consideration to the synergistic optimization of the endogenous factors and external financing ecology so as to improve the financing efficiency.https://journals.vgtu.lt/index.php/JBEM/article/view/9592external financing ecologyinternal financing ecologyfinancing efficiencystrategic emerging industriesentropy methodsuper SBM DEA |
| spellingShingle | Ke Xu Chengxuan Geng Xiaoshu Wei Research on financing ecology and financing efficiency of strategic emerging industries in China Journal of Business Economics and Management external financing ecology internal financing ecology financing efficiency strategic emerging industries entropy method super SBM DEA |
| title | Research on financing ecology and financing efficiency of strategic emerging industries in China |
| title_full | Research on financing ecology and financing efficiency of strategic emerging industries in China |
| title_fullStr | Research on financing ecology and financing efficiency of strategic emerging industries in China |
| title_full_unstemmed | Research on financing ecology and financing efficiency of strategic emerging industries in China |
| title_short | Research on financing ecology and financing efficiency of strategic emerging industries in China |
| title_sort | research on financing ecology and financing efficiency of strategic emerging industries in china |
| topic | external financing ecology internal financing ecology financing efficiency strategic emerging industries entropy method super SBM DEA |
| url | https://journals.vgtu.lt/index.php/JBEM/article/view/9592 |
| work_keys_str_mv | AT kexu researchonfinancingecologyandfinancingefficiencyofstrategicemergingindustriesinchina AT chengxuangeng researchonfinancingecologyandfinancingefficiencyofstrategicemergingindustriesinchina AT xiaoshuwei researchonfinancingecologyandfinancingefficiencyofstrategicemergingindustriesinchina |