江苏省中小上市企业债务融资效率研究

江苏省是中小企业比较集中的省份之一，债务融资是中小企业的重要的外源融资方式之一，是中小企业最普遍的资金来源渠道，研究中小企业债务融资效率具有理论意义和现实意义。运用二阶段并联网络DEA 模型，对江苏省中小上市企业的债务融资效率及子阶段的对应效率进行了测算，结果表明：总体来说，江苏省中小上市企业债务融资效率水平偏低，其主要表现为资金配置效率的低下。

The Debt Financing Efficiency Research about Small and Medium-sized Listed Companies in Jiangsu Province

The Jiang Su Province is one of the province that the small and medium-sized enterprises more concentrated, the debt financing is one of the important exogenous financing ways for the enterprise, and also be the most common sources of funds, to study the debt financing efficiency of the small and medium-sized enterprises has theoretical significance and practical significance. Using the two stage parallel network DEA model, to calculate the debt financing efficiency and the phase of its corresponding efficiency of the small and medium-sized listed companies in Jiang Su Province. The results show that, in general, the small and mediumsized listed company in Jiang Su Province have low levels of debt financing efficiency, and the main performance is the low capital allocation efficiency.