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  

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

作　　者：韩成吉 樊莹 韩成思 史亚荣 HAN Chengji;FAN Ying;HAN Chengsi;SHI Yarong(Economic College,Hunan Agricultural University,Changsha 410128,China;State Key Laboratory of Urban and Regional Ecology,Research Center for Eco-Environmental Sciences,Chinese Academy of Sciences,Beijing 100085,China;School of Finance,Lanzhou University of Finance and Economics,Lanzhou 730101,China)

机构地区：[1]湖南农业大学经济学院,长沙410128 [2]中国科学院生态环境研究中心/城市与区域生态国家重点实验室,北京100085 [3]兰州财经大学金融学院,兰州730101

出　　处：《系统工程理论与实践》2024年第4期1198-1209,共12页Systems Engineering-Theory & Practice

基　　金：湖南省教育厅科学研究项目——优秀青年项目(23B0209);国家社会科学基金重大项目(21ZDA056);中国农业科学院科技创新工程项目(10-IAED-01-2024);甘肃省科技厅重点研发计划——社会发展类基金项目(20YF8FA047)。

摘　　要：生物农业是农业强国的重要路径之一,目前迫切需要从金融支持角度实现高质量发展.本研究以我国40家生物农业上市公司为例,采用DEA-Malmquist-Tobit模型,分析生物农业金融支持效率及其影响因素.结果表明,生物农业企业整体金融支持效率存在波动,且均未达到DEA有效;Malmquist指数表明,2012-2020年间我国生物农业的金融支持总体效率呈上升趋势,但金融创新不足;Tobit模型分析发现,金融市场发展状况、股权集中度和公司年限对生物农业金融支持效率有显著正向影响,是推进金融支持生物农业发展的重要途径,而企业规模对金融支持效率的影响显著为负,这与“小规模优势”的成本理论有关.最后,建议从优化外部支持环境和加强生物农业企业自身建设两方面推动生物农业金融支持的发展.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.

关 键 词：生物农业 金融支持效率 上市公司 DEA-Malmquist-Tobit模型 

分 类 号：N949[自然科学总论—系统科学]