新三板上市公司融资效率研究  

Financing Efficiency of New Third Board Listed Companies

作　　者：张宝贤[1] 唐建荣 吴婷[1] ZHANG Baoxian;TANG Jianrong;WU Ting

机构地区：[1]无锡太湖学院,江苏无锡214064 [2]江南大学,江苏无锡214122

出　　处：《商业经济》2020年第5期73-74,148,共3页Business & Economy

基　　金：国家社科基金:大数据审计技术体系的构建与运行研究(19BJY035);江苏高校哲学社会科学研究基金项目:苏南制造业上市公司融资效率研究(2018SJA1943);无锡太湖学院重点教学改革课题:基于校内会计工厂的应用型本科协同育人模式研究(JGYJ2018005);无锡太湖学院国家一流专业会计学阶段性成果;江苏高校人文社会科学校外研究基地:苏南资本市场研究中心(2017ZSJD020).

摘　　要：新三板市场促进了资本市场的健康发展。然而,新三板市场融资效率尚有待提高。通过分析了当前学者对融资效率研究所做的突出贡献,剖析了影响因素,提出了新三板融资效率低原因:信息披露延时,股权结构失衡,决策机制缺乏,市场监管缺失。提出了新三板融资效率提升的建议:加强政府宏观调控,加强金融市场支持,提升自主创新能力,利用互联网、大数据、金融工程改进信贷管理方式与手段,优化信贷流程。The new third board market promotes the healthy development of the capital market.However,the financing efficiency of the new third board market needs to be improved.By analyzing the outstanding contributions of current scholars to the research of financing efficiency and the influencing factors,this paper puts forward the reasons for the low financing efficiency of the new three board:the delay of information disclosure,the imbalance of equity structure,the lack of decision-making mechanism,and the lack of market supervision.The paper proposes some suggestions for improving the financing efficiency of the new third board:strengthening the government’s macro-control,enhancing the financial market support,improving the ability of independent innovation,using the Internet,big data and financial engineering to improve the credit management methods and means,and optimizing the credit process.

关 键 词：新三板 融资效率 股权结构 经营决策机制 

分 类 号：F640[经济管理—产业经济]