Research On The Efficiency Calculation And Improvement Countermeasures Of Chinese Agricultural Listed Companies

Agricultural listed companies are an important organizational form of agricultural industrialization,which enhances the overall competitiveness of China's agricultural industry and is of great significance in driving the development of the agricultural industry.At the same time,with the continuous breakthroughs and innovations in modern agricultural technology,modern agriculture has increasingly become the focus of agricultural competition,and it is particularly important to study the efficiency of modern agriculture,especially agricultural listed companies.Although the state provides various preferential policies,it promotes the development of agricultural leading enterprises,agricultural enterprises still have a large number of problems that need to be solved: for example,the agricultural sector in the securities market is underperforming;traditional agricultural enterprises are in difficulties,and the phenomenon of backing is serious;There are many companies with serious losses and lack of ability to avoid operating risks;most agricultural listed companies have poor performance and low profitability;the ownership structure is irrational;the largest shareholder holds a high proportion of shares;individual agricultural listed companies are opportunistic and have serious violations.Wait.In view of this,the correct measure of the efficiency of agricultural listed companies is imminent.At the same time,it uses mathematical models to empirically analyze various potential factors that affect its efficiency,and proposes countermeasures and suggestions for promoting the efficiency of China's agricultural listed companies.It is of great significance to the development of China's agricultural industrialization.This article has carefully reviewed the research results at home and abroad,reasonably defined the concept of agricultural listed companies,and in-depth analysis of the real efficiency and promotion path of listed agricultural companies.This study has certain pertinence and forward-looking.Overall,this paper uses a three-phase DEA model to sample 50 agricultural listed companies from 2011 to 2015 and analyzes the technical efficiency of China's agricultural listed companies from a dynamic perspective.We also conducted in-depth studies on the technical efficiency of agricultural companies in different efficiency combinations and different industry categories.Empirical studies have found that the technical efficiency of China's agricultural listed companies is greatly affected by macroeconomic fluctuations,government subsidies,and ownership structure.The empirical results show that the higher degree of ownership concentration and the listing period have aggravated the company's investment redundancy,which is notconducive to the improvement of the technical efficiency of agricultural listed companies.The level of macroeconomic development and moderate degree of equity checks and balances can effectively reduce input redundancy.Most companies eliminated the impact of environmental factors and random disturbances,the purely technical efficiency increased significantly,the overall technical efficiency and scale efficiency declined,and the scale of compensation increased.In addition,the technical efficiency of agricultural listed companies in the western region is greatly affected by environmental factors and random disturbances,and the level of fishery and forestry technical efficiency is the lowest.At last,according to the results of empirical analysis,the article proposes the policy suggestions to promote the efficiency of the agricultural listed companies from macro and micro levels.The government should innovate the way of subsidy,improve the market economy system and strengthen the guidance of different industries.Enterprises should integrate internal and external resources,improve core competitiveness,expand the scale of enterprises,increase industrial concentration,optimize ownership structure,improve internal incentive mechanism and improve The quality of staff.