Research Article
Study on the impact of registration system reform on the financing efficiency of technology-based enterprises based on GEM data
@INPROCEEDINGS{10.4108/eai.6-9-2024.2353633, author={Shujun Sheng}, title={Study on the impact of registration system reform on the financing efficiency of technology-based enterprises based on GEM data}, proceedings={Proceedings of the 3rd International Conference on Public Management, Digital Economy and Internet Technology, ICPDI 2024, September 6--8, 2024, Jinan, China}, publisher={EAI}, proceedings_a={ICPDI}, year={2024}, month={12}, keywords={registration system; technology-based enterprises; financing efficiency}, doi={10.4108/eai.6-9-2024.2353633} }- Shujun Sheng
Year: 2024
Study on the impact of registration system reform on the financing efficiency of technology-based enterprises based on GEM data
ICPDI
EAI
DOI: 10.4108/eai.6-9-2024.2353633
Abstract
The country has implemented registration system reform in GEM to improve the financing efficiency of technology-based enterprises and solve their financing difficulties. However, whether the registration system reform can affect the financing efficiency remains to be studied. Therefore, this paper focuses on the actual impact of the registration system reform on the financing efficiency of technology-based enterprises under the GEM. This paper takes the technology-based enterprises under the GEM in my country from 2017 to 2022 as samples, uses the DEA model to calculate the financing efficiency of technology-based enterprises before and after the registration system reform, and uses the results as the explained variables of the DID double difference model to conduct an attribution analysis on the increase in financing efficiency after the registration system. Finally, it is concluded that the registration system reform has a promoting effect on the financing efficiency of technology-based enterprises. And based on the empirical conclusions, corresponding policy recommendations are put forward.
