Industry-finance integration activities is beneficial to the improvement of business performance of fishery companies—Based on DEA-CCR Model and DEA-Malmquist Model

IF 0.5 4区农林科学 Q4 FISHERIES Israeli Journal of Aquaculture-bamidgeh Pub Date : 2022-11-13 DOI:10.46989/001c.55606

Lanlan Sun, Feifei Wang, Zhuming Zhao, Xia Han, Jinhui Chen, Ching-Hai Jiang

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Abstract

Fisheries are an essential component of the national economy. The evaluation of fishery enterprises’ business performance helps reveal the fishery industry’s operating efficiency and serve the fishery economy’s sustainable and high-quality development. This study used the data of fishery companies with industry-finance integration on the stock market from 2012-2021 and conducted a comparative study on the business performance of fishery companies with industry-finance integration on the stock market based on the DEA-CCR model and DEA- Malmquist index method. Two main results were revealed (i) the integration of industry and finance was an effective means to improve business performance, and the financial gains from the integration of industry and finance by listed fishery companies improve the overall efficiency and total factor productivity (TFP) of enterprises. (ii) The average TFP of listed fishery companies in China is declining, and technological decline is the main reason for the decline in TFP.

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产融融合活动有利于渔业企业经营绩效的提升——基于DEA-CCR模型和DEA-Malmquist模型

渔业是国民经济的重要组成部分。对渔业企业经营绩效进行评价，有助于揭示渔业产业的经营效率，服务于渔业经济的可持续、高质量发展。本研究利用2012-2021年产融融合渔业公司股票市场数据，基于DEA- ccr模型和DEA- Malmquist指数法对产融融合渔业公司股票市场经营绩效进行比较研究。研究发现:(1)产融结合是提高经营绩效的有效手段，渔业上市公司产融结合带来的财务收益提高了企业的整体效率和全要素生产率(TFP)。(2)中国渔业上市公司平均TFP呈下降趋势，技术下降是TFP下降的主要原因。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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