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1、摘要II目錄ABSTRACTSteelindustry,asoneofthepillarsofthenationaleconomy,isasignificantsignofstateeconomicconditionandcomprehensivenationalpower,andthebasisofinternationallivelihood.ThedevelopmentoftheSteelindustrygeneratesadirectinfluenceontherelatedindustriessuchasnationaldefen
2、se,construction,machinery,automobile,householdappliancesandSOon.Thebreakoutofinternationalfinancialcrisis.however,broughtgrandimpacttoChinasteelindustry.Thedemandfelldomesticallyandinternationally,theexportpressureroserapidly,theprofitabilityofthewholeindustrydecreased.Mea
3、nwhile,banksup-regulatedthethresholdofloaningandreinforcedtheloaningsupervision,leavingthesteelenterprisesinasituationofincreasingfinancingcost.Moreover,asacapitalinfensiveindustry,sincetheunsatisfactoryperformanceinrecentyears,steelscompanies’ownfundsisingreatshortageandd
4、ebt-·tO--assetsisincreasingyearafteryear.Howtoimprovethefinancingefficiencyofsteelindustryisbecomingatopicofgreaturgencyandimportance.UtilizingDEAmethod,thispaperchose29steelcompanies,listedafterDecember31th2006,asresearchobjectsandcalculatedtheirfinancingefficiencies.Base
5、dontheresults,webroughtsomeconstructiveadvicesonthecurrentsituationofthedifficultyandlowefficiencyinfinancing,whichwethoughtwouldbeinstructiveforthefinancingandlong-termdevelopmentofChinesesteelindustry.AssessingthefinancingefficienciesofChineselistedsteelcompaniesisthecor
6、epartofthisthesis,andaccordingtoit,thethesiscallbedividedasfollows.First,fromtheperspectivesofbackground,practicalsignificanceandthecurrentstateofdomesticandinternationalresearch,adetailedintroductionispresented.Then,afewkeyconceptssuchasfinance,financingapproach,modemcapi
7、talstructurearebrieflyrecalled,andthedataenvelopmentanalysismethodthisthesisadoptedisintroduced.Next,wethoroughlyexplainedfinancingefficiencyanditsaffectingelements,basedonwhichtheindexsystemisconstructed.ⅥaCCRmodel.thefinancingefficienciesofChinesesteellistedcompaniesarec
8、omputed.Alsotheindependenceofinputandoutputparametersisassessedthroughfactoranalysis.Some