Evaluation of financial support efficiency of bioagriculture and its influencing factors: Based on empirical evidence of listed companies

doi:10.12011/SETP2023-0500

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	Evaluation of financial support efficiency of bioagriculture and its influencing factors: Based on empirical evidence of listed companies
其他题名	生物农业金融支持效率评价及其影响因素研究——基于上市公司的经验证据
	Han, Chengji 1,2; Fan, Ying2 ; Han, Chengsi3 ; Shi, Yarong3
	2024-04
发表期刊	Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice
卷号	44 期号:4 页码:1198-1209
摘要	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 agriculture 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 support 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 financial 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 strengthening the self construction of biological agriculture enterprises. © 2024 Systems Engineering Society of China. All rights reserved.
其他摘要	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.
关键词	Agriculture Finance-Agricultural enterprise Bio-agriculture DEA-Malmquist DEA-malmquist-tobit model Financial support Financial support efficiency High quality Listed company Malmquist indices Power
DOI	10.12011/SETP2023-0500
URL	查看原文
收录类别	EI ; 北大核心 ; 中国科技核心期刊 ; CSCD ; AMI
ISSN	1000-6788
语种	中文
出版者	Systems Engineering Society of China
EI入藏号	20242016082277 ; Efficiency
EI主题词	Efficiency
EI分类号	821 Agricultural Equipment and Methods ; Vegetation and Pest Control ; 913.1 Production Engineering
原始文献类型	Journal article (JA)
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/36249
专题	金融学院长青学院
通讯作者	Fan, Ying
作者单位	1.Economic College, Hunan Agricultural University, Changsha; 410128, China; 2.State Key Laboratory of Urban and Regional Ecology, Research Center for Eco-Environmental Sciences, Chinese Academy of Sciences, Beijing; 100085, China; 3.School of Finance, Lanzhou University of Finance and Economics, Lanzhou; 730101, China
推荐引用方式 GB/T 7714	Han, Chengji,Fan, Ying,Han, Chengsi,et al. Evaluation of financial support efficiency of bioagriculture and its influencing factors: Based on empirical evidence of listed companies[J]. Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice,2024,44(4):1198-1209.
APA	Han, Chengji,Fan, Ying,Han, Chengsi,&Shi, Yarong.(2024).Evaluation of financial support efficiency of bioagriculture and its influencing factors: Based on empirical evidence of listed companies.Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice,44(4),1198-1209.
MLA	Han, Chengji,et al."Evaluation of financial support efficiency of bioagriculture and its influencing factors: Based on empirical evidence of listed companies".Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice 44.4(2024):1198-1209.