The Research on Financing Efficiency from Chinese Equity Crowdfunding Platform: a DEA Approach

摘要

The financing problems become hot in nowadays social discussion. The climax of internet revolution prompted equity crowdfunding websites which are emerging to invest in the initial stage of innovation projects. This paper analyzes the high level of financing efficiency on 16 equity crowdfunding platforms (ECP). The DEA model was established to find out the financing efficiency level of ECP. It suggests how ECP promote management and supervision even legislation including a better way for innovation projects to fund.