Study on Financing Efficiency of China's Cultural Industry

Based upon DEA model, this paper conducts an empirical study on the finance support efficiency of public companies from culture industry during the period from 2009 to 2012, and at the same time, by applying Logit model, analyses the factors that have impacts on the financing efficiency of culture industry. The results show that, the overall efficiency of cultural industry showed a rising trend, but the overall efficiency is not yet reached a high level, and there is more room to go. In addition, the Logit model results show that the factors influencing the financing efficiency of the cultural industry include firm size, asset utilization ability and etc. According to the analysis results of Logit model, this paper points out that the expansion of the scale of enterprises is critical at the moment to improve financing efficiency.