Author(s)

Jiawen Dong, Hao ZHANG

Corresponding Author

Jiawen Dong

Abstract

This paper uses the network DEA method to measure the financing efficiency of 42 advanced equipment manufacturing enterprises from 2015 to 2020, and divides the financing efficiency into two stages: fund raising and fund allocation. Finally, it is believed that the overall financing efficiency of advanced equipment manufacturing enterprises and the efficiency of the capital allocation stage are low. In this regard, advanced equipment manufacturing enterprises can focus on the stage of weak efficiency, improve the level of operation and management etc.

Keywords

Financing Efficiency, Network DEA, Advanced Equipment Manufacturing Enterprise