Study On Operating Efficiency And Influencing Factors Of Animal Husbandry Enterprises Listed On A-share Market In China

Improving the efficiency of animal husbandry is the key to promoting the high-quality development of agriculture.In 2017,the 19 th National Congress of the Communist Party of China put forward a new expression of "high-quality development",which indicates that China’s economic development stage has shifted to high-quality development.For a long time,China’s animal husbandry has made remarkable achievements,but for a long time,animal husbandry,as a sideline of crops,namely "backyard animal husbandry",has developed slowly,the product structure is unreasonable,the industry concentration is low,and the competition is vicious.The existing literature mainly focuses on the qualitative analysis of the development status of animal husbandry industry,but the quantitative analysis of the evaluation of the operation efficiency of animal husbandry enterprises is not common,so it is urgent to carry out quantitative discussion.In view of the analysis and Research on the operation efficiency of animal husbandry in China,this paper uses the data of 21 listed animal husbandry companies in China from 2016 to 2020,and uses DEA and malquist model to evaluate their static efficiency and dynamic efficiency.Further,Tobit regression model is used to empirically test the driving factors and obstacle influencing factors.The conclusions are as follows:(1)the improvement rate of pure technical efficiency of A-share listed animal husbandry enterprises is lower than scale efficiency,and the total factor productivity shows a downward trend;(2)Listing time,operation ability and cost control ability positively promote the operation efficiency of enterprises;(3)The scale of assets and the concentration of ownership hinder the operation efficiency of enterprises.Based on the analysis of theoretical mechanism,the presentation of typical facts and the test of econometric model,this paper puts forward the following policy suggestions to improve the operation efficiency of animal husbandry enterprises:(1)improve the operation ability of animal husbandry enterprises;(2)improve the cost control ability of animal husbandry enterprises to enterprises;(3)reasonably reduce the concentration of shares.Select NH company as a case,use malquist model to compare and analyze its operation efficiency,and find out reference suggestions that can improve efficiency from the operation of the case company.The innovation of this paper is reflected in the following aspects:(1)Guided by the theory of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era,combined with the theory of comprehensive efficiency and high-quality development,innovatively build a unified analysis framework to promote the operating efficiency of listed animal husbandry enterprises,revealing the power transmission mechanism that boosts the operation efficiency of listed animal husbandry enterprises,which will help improve the operation efficiency of animal husbandry enterprises;(2)The introduction of indicators(operating cost,total assets,number of employees,operating income,net profit)expands the scope of listed animal husbandry companies The index system of business efficiency evaluation is evaluated by DEA method.And from the aspects of asset size,capital structure,asset quality ratio,equity concentration,cost management ability,etc.,using the Tobit measurement model to explore its impact on the operating efficiency of listed animal husbandry enterprises,combined with case studies,scientifically analyze the microscopic needs of listed animal husbandry enterprises,the actual results are scientific,comprehensive and credible,and have certain innovation.