Co-operative Research on Financing Ecological and Efficiency of Industrial—Evidence from China’s New Energy Industry

Since the existing research on the direct introduction of ecological principles into the financing field is very weak, there is no systematic and dynamic research on financing efficiency from the perspective of ecology. Through in-depth analysis, this paper finds that the industrial financing ecology affects financing efficiency through financing scale, financing cost, financing structure, financing speed, and capital allocation. At the same time, financing efficiency also affects the industrial financing ecology through industrial policy, financial system, legal culture, ecological displacement, and genetic reorganization, this leads to the interaction and coevolution of the industrial financing ecology and financing efficiency. To measure the degree of synergy between the financing ecology and financing efficiency, we construct a composite system synergy model and take the new energy industry as an example to carry out empirical research, the empirical results show that the synergy between China’s new energy industry financing ecology and efficiency at the current stage still has great room for improvement.