数字文化类上市公司融资效率评价研究  

Research on financing efficiency of digital culture industry

作　　者：赵祥娟 Zhao Xiangjuan(School of Business,Anhui University,Hefei,Anhui,230601)

机构地区：[1]安徽大学商学院,安徽合肥230601

出　　处：《市场周刊》2021年第7期30-33,共4页Market Weekly

摘　　要：当前我国数字文化产业发展还不成熟,提高融资效率有利于数字文化类企业的快速发展。以23家代表性数字文化类上市公司为研究对象,在DEA-BCC模型基础上,计算数字文化类上市公司2016~2019年的融资效率。基于DEA-Malmquist模型,动态反映数字文化类上市公司的融资效率变化情况。实证结果显示,我国数字文化类上市公司的融资效率处于较高效率等级,但融资规模不足;样本期内,我国数字文化类上市公司融资效率呈现下降趋势,技术进步效率下降是主要影响因素。At present,the development of China’s digital culture industry is not mature,improving the financing efficiency is conducive to the rapid development of digital culture enterprises.Taking 23 representative digital culture listed companies as research objects,measuring the financing efficiency of China’s digital culture listed companies in 2016~2019 by the DEA-BCC model.Then,the DEA-Malmquist model is used to reflect the change of financing efficiency of digital culture listed companies from the dynamic perspective.The empirical results show that the financing efficiency of China’s digital culture listed companies is at a high level of efficiency,but the financing scale is insufficient.During the sample period,the financing efficiency of listed companies in China’s digital culture shows a downward trend,and the decline of technological progress efficiency is the main influencing factor.

关 键 词：数字文化产业 融资效率 DEA-BCC模型 DEA-Malmquist模型 

分 类 号：F276.6[经济管理—企业管理]