Research on Economic Growth Target and Operating Efficiency of Listed Tourism Companies based on Multiple Regression Model and Threshold Effect Model

This paper selects the panel data of 22 listed tourism companies from 2007 to 2020 as the research sample, uses the random frontier analysis to calculate the operating efficiency of listed tourism companies, and analyzes the relationship between the economic growth target and the multiple regression model and the threshold effect model of the listed tourism companies. The study found that: (1) the economic growth target has a significant positive impact on the operating efficiency of listed tourism companies.(2) The operating efficiency of state-owned enterprises is more promoted by the economic growth targets, while non-state-owned enterprises are smaller.(3) Financing constraints have a threshold effect in the relationship between the economic growth target and the operating efficiency of listed tourism companies. When the financing constraints exceed a certain threshold value, the promotion effect of the economic growth target on the operating efficiency of listed tourism companies will be significantly reduced.