Evaluation of financial support efficiency of bioagriculture and its influencing factors:Based on empirical evidence of listed companies
Biological agriculture is one of the important paths for agricultural power,and there is an urgent need to achieve high-quality development from the perspective of financial support.This study takes 40 listed biological agriculture companies in China as examples and uses the DEA-Malmquist-Tobit model to analyze the efficiency of financial support for biological agricul-ture and its influencing factors.The results indicate that there are fluctuations in the overall financial support efficiency of biological agricultural enterprises,and none of them have reached DEA effectiveness;the Malmquist index indicates that the overall efficiency of financial sup-port for China's biological agriculture showed an upward trend from 2012 to 2020,but financial innovation was insufficient;the Tobit model analysis found that the development status of finan-cial markets,equity concentration,and company years have a significant positive impact on the efficiency of financial support for biological agriculture,which is an important way to promote financial support for the development of biological agriculture.However,the impact of enterprise size on financial support efficiency is significantly negative,which is related to the cost theory of"small-scale advantage".Finally,it is recommended to promote the development of financial support for biological agriculture by optimizing the external support environment and strength-ening the self construction of biological agriculture enterprises.
bio-agriculturefinancial support efficiencylisted companiesDEA-Malmquist-Tobit model
NETL
NSTL
万方数据
