The Efficiency Evaluation of NEEQ Listed Domestic Enterprises Based on DEA

Lan Xiang, Junquan Ding

Abstract


Since reform and opening-up, China’s economy has made remarkable achievements, and the development of capital market is gradually perfect. The NEEQ, as an emerging capital market, effectively solves the financing problem of SMEs in our country, but how to effectively evaluate the NEEQ enterprises’ financing efficiency has also attracted much attention. After briefly expounds the NEEQ market development course and the present situation on the basis of existing research, this paper randomly selected three types of enterprises as NEEQ listed companies, the rotary board enterprises, and the to be listed companies. The aim of this study was to use the DEA efficiency evaluation model to evaluate financing efficiency of them, and concludes that investment value of three types enterprises from high in turn is the rotary board enterprises, the NEEQ listed companies, and the to be listed companies.

Keywords


NEEQ; data envelopment analysis (DEA); financing efficiency; SMEs


DOI
10.12783/dtssehs/eemt2017/14545

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