OCTOBER 2021

VOlUME 04 ISSUE 10 OCTOBER 2021
Research on the Financing Performance of Listed Companies on my country's Growth Enterprise Market —Based on DEA-Malmquist index analysis
1Wang Ding, 2Li Jia Ke
1,2Hunan University of Science and Technology, School of Economics and Management, Hunan, Yongzhou, 425000
DOI : https://doi.org/10.47191/ijsshr/v4-i10-22

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ABSTRACT

The Growth Enterprise Market, also known as the second board market, is a convenient and simple financing market for small and medium-sized enterprises that cannot meet the listing conditions of China's main board market in the short term and have a small growth and development space. In my country's Growth Enterprise Market, it has become a gathering place for high-tech companies such as biology and information technology, laying a foundation for my country's future development of high-tech technology, and strengthening my country's comprehensive national strength. This paper uses the DEA-Malmquist index method to analyze the financing performance of 10 listed companies on my country's GEM from 2016 to 2020, and draws the results of the study: different years of financing environment are different, which has a greater impact on the financing performance of GEM companies; Problems in the management of the funds raised by the target company’s financing will have a greater negative impact on its financing efficiency.

KEYWORDS:

Growth Enterprise Market; listed companies; financing efficiency; DEA-Malmquist index

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VOlUME 04 ISSUE 10 OCTOBER 2021

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