Chinese Food Manufacturing Operating Efficiency:ownership And Factors Misallocation

Over the years,the achievements made by China's economy in the world have been remarkable.However,at present,China's economy cannot be described in terms of a "better economic situation." In fact,the economic market is faced with many intricate and complicated issues.One of the more important issues is that the problem of element configuration.In response to this problem,a large number of scholars have conducted researches,mainly focusing on the relationship between factor allocation and total factor productivity.Most of them use the frame of the measurement of the factors distortions proposed by Hsieh and Klenow.Most of their conclusions indicate that China has serious problems of the inefficient allocation of resources,the distortion of elements have become the focus of many topics.The food manufacturing industry is closely related to the most basic needs of mankind.China is both a big food consumer and a major food producer.At the same time,China's food manufacturing industry is a leader in creating profits in light industry.The food manufacturing industry also includes raw material supply,product marketing and logistics and distribution.Therefore,the development level of the food manufacturing industry can not only affect the development of a country or a regional economy,but also directly affect the coordination and linkage of the three major industries of an economy,andrelate more to the physical quality of everyone,every family and even the entire nation.Therefore,the development of food manufacturing has become the focus of attention.The most direct way to measure the level of development of food manufacturing enterprises is to use the indicator of business efficiency.The food manufacturing industry is different fromother industries.It relies on the input of food raw materials and labor and other factors to create income.Therefore,this paper incorporates input of capital and labor into the input indicators,which can make the discussion of the operational efficiency of Chinese food manufacturing enterprises more reference value.With the continuous advancement of China's ownership reform,the form of ownership of Chinese industrial enterprises has also undergone tremendous changes.Enterprises with different forms of ownership have been affected by market conditions and national policies,and their operating efficiency has also been different.Clearing out the efficiency of enterprises with different ownership systems and scientifically evaluating the differences in efficiency levels between state-owned and non-state-owned enterprises will help promote the development of enterprises among mutual comparison and learning,and help the country to treat business needs differently based on real conditions and to provide more effective help for the long-term development of the company.There are many literatures at home and abroad to study the factors affecting resource allocation or business efficiency.However,from the perspective of factor configuration distortion,the literature on measuring the impact of capital distortions and labor distortions on business efficiency has yet to be found.However,in the process of studying the distorted allocation of resources,the existing literatures often ignore the impact of labor factors on the whole due to subjective reasons.In addition,most of the scholars used the Cobb Douglas production function with strict restrictions when they measurethe factor distortion.This article,based on the previous model of measuring elements misplaced,comprehensively examines the effects of distortion of labor factors and distortion of capital factors on the operating efficiency of enterprises,and makes some improvements to the model,using more general logarithmic production functions to measure the factors distortion.And under the condition of variable returns to scale,measures the operating efficiency of the company referred to the Super-SBM model proposed by Tone(2001).The main contribution of this paper is also that the investigationwhat are the differences in the impact of factor distortion on state-owned food manufacturing enterprises and non-state-owned manufacturing enterprises in different samples,and that providing a reasonable basis for companies to adjust their development strategies.The specific structure of this paper is as follows:Chapter One:Introduction.It mainly includes the research background and research significance of the article,the definition of basic concepts;the research ideas and content,and the research framework;and finally,the main innovations and deficiencies of this article.Chapter Two:Literature Review.It mainly includes the domestic and foreign research status quo on the distortion of factor configuration and business efficiency.Chapter Three:Introduce the calculation model of labor distortion and capital distortion of China's manufacturing and the calculation model of the company's operating efficiency.Chapter Four:Research Design.The first part is the selection of indicators and data preprocessing;the second part is the calculation results of factor distortions and the calculation results of business efficiency,including the calculation results of the capital factors distortion and the labor factors distortion in the food manufacturing industry,the degree ofthe factors distortion of the state-owned and non-state-owned enterprises,the calculation results of the company's operating efficiency,and the different results of operating efficiency of state-owned and non-state-owned enterprises.Chapter Five:Empirical Analysis.The empirical results show that there are distortions of capital and labor factors in Chinese food manufacturing enterprises,and the operating efficiency of enterprises is generally low.The operating efficiency of state-owned food manufacturing enterprises was relatively stable during the inspection period,while the operating efficiency of non-state-owned food manufacturing enterprises showed a tendency of falling fluctuant and thenrise slowly.The distortion of capital elements has no significant impact on the efficiency of business operations.The distortion of labor factors has a significant positive impact on the efficiency of business operations.Further research finds that the distortion of capital elements has a significant impact on state-owned food manufacturing enterprises,and the impact of the distortion of labor factors on state-owned and non-state-owned enterprises is significant.After empirical analysis using the threshold regression model,we found that the distortion of labor factors has significant nonlinear characteristics in the process of affecting the operating efficiency of food manufacturing enterprises.Chapter Six:Conclusions and Recommendations.