我国战略性新兴产业股权融资效率研究

his paper will research the strategic emerging industries' real efficiency of equity financing, basing on the data of 529 strategic emerging industries listed companies from 2010 to 2014 with the method of four-phase SBM-DEA. It is found that the external environmental factors have a significant negative effect on the equity financing efficiency. Among the seven strategic emerging industries, the new generation of information technology industry equity financing efficiency is the highest, the equity financing efficiency of the new energy industry is relatively small. The negative impact of external environmental factors on high-end equipment manufacturing industry is the biggest, and the negative impact on the bio pharmaceutical industry is the least. Among four economic regions, the environmental factors in the eastern have the greatest impact on the equity financing efficiency, but the lowest in the northeast. This paper also puts forward some policy suggestions to improve the efficiency of listing Corporation equity financing in the strategic emerging industry.