Supply Chain Finance,Technological Innovation and Total Factor Productivity of Agricultural Enterprises——Based on the Empirical Analysis of A-share Listed Enterprises in Agriculture,Forestry,Animal Husbandry and Fishery
Supply Chain Finance,Technological Innovation and Total Factor Productivity of Agricultural Enterprises——Based on the Empirical Analysis of A-share Listed Enterprises in Agriculture,Forestry,Animal Husbandry and Fishery
As a new financing method,supply chain finance is a powerful driving force for enterprise technological innovation.From the perspective of agricultural technological innovation,the study selects A-share listed enterprises in agriculture,forestry,animal husbandry and fishery as research samples to empirically study the impact mechanism of supply chain finance on the total factor productivity of agricultural enterprises.The results show that supply chain finance can promote the improvement of the total factor productivity of agricultural enterprises,and at the same time,it can also impact agricultural technology innovation,thereby influencing the changes in the total factor productivity of enterprises.Therefore,government departments should increase policy support for supply chain finance,encourage and guide supply chain finance to serve agricultural enterprises.Financial institutions should strengthen innovations in supply chain finance,design targeted financial support programs based on the unique attributes of the agricultural industry,and help the agricultural industry achieve high-quality development.Agricultural enterprises should increase investment in technological research and development,actively introduce advanced technologies and equipment,both domestically and internationally,and continuously improve production efficiency.
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