军民融合企业融资效率评价研究——来自四川军民融合上市企业的经验证据  

Evaluation of Financing Efficiency of Civil-Military Integration Enterprises——Empirical Evidence from Listed Civil-Military Integration Enterprises in Sichuan Province

作　　者：何玉梅[1] 吴莎莎[1] 杨锐[2] 

机构地区：[1]成都理工大学商学院,四川成都610059 [2]四川省科技促进发展研究中心,四川成都610041

出　　处：《科技进步与对策》2018年第4期138-144,共7页Science & Technology Progress and Policy

基　　金：四川省软科学研究计划项目(2017ZR0121);四川省省属高校科研创新团队建设计划项目(18TD0016)

摘　　要：提高融资效率是破解当前军民融合企业特别是"民参军"企业融资难的有效方法。以四川军民融合上市公司为研究对象,运用DEA-Malmquist指数方法,以企业总资产等3个参数作为投入变量,净资产收益率等3个参数作为产出变量,从静态和动态两个维度对2014-2016年四川军民融合上市公司融资效率进行实证研究。结果表明,军民融合企业融资效率偏低,其中,科技落后为主要原因且各企业技术与管理水平差距较大,由此提出提高军民融合企业融资效率的政策建议。Improving the efficiency of financing is an effective way to solve the financing difficulties of the current civil military integration enterprises,especially the private enterprises which involved in the production of military products.How to improve the efficiency of financing?Objective evaluation of the efficiency of civil military integration enterprises and analysis of its influencing factors,so as to formulate countermeasures,is an appropriate path to explore.This paper takes the listed companies of civil military integration in Sichuan as the research object,using DEA Malmquist index method,taking the total assets of the enterprise and other two parameters as input variables,the rate of return on net assets and other two parameters as output variables,then an empirical study of financing efficiency of listed companies of Sichuan civil military integration in 2014-2016 years is conducted from the two dimensions of static and dynamic.The empirical results show that the efficiency of civil military integration enterprises is low,the backwardness of science and technology is the main reason,and there is a big gap between the technology and management level of each enterprise.Therefore,this paper puts forward some policy suggestions to improve the efficiency of military and civilian integration enterprises,such as improving the level of enterprise technology and innovation ability,atc.

关 键 词：军民融合企业 融资效率 DEA-MALMQUIST指数 

分 类 号：E0-054[军事—军事理论]