Spatial Econometric Analysis of China's Sports Capital Market

The capital market provides important capital factor guarantee and supply-side support for the high-quality development of the sports industry, and the healthy development of the sports capital market, which is composed of securities market, loan market, trading derivative market, and physical market, plays a vital role in ensuring the smooth and efficient operation of the sports market economy mechanism. At the present stage, how to play the role of resource allocation in China’s sports capital market and how to improve the quality and efficiency of the sports industry by the capital market have become the core issue of research and discussion. Taking A-share listed companies as the typical micro-market subjects, this paper analyzes the financing needs and behaviors of sports listed companies and the support degree of different types of capital markets; on the basis of traditional measurement methods, spatial econometric analysis is used to explore the effectiveness of capital market on the development of the sports industry.