数字化水平对农林上市企业经营绩效的影响

Influencing mechanism of digitalization level on the operating performance of agricultural listed enterprises

为提高中国农林上市企业经营绩效,基于中国农林上市企业2011—2020年的数据,利用面板数据回归模型和两阶段最小二乘法,实证分析了数字化水平对农林上市企业经营绩效的影响。结果表明:数字化水平对农林上市企业的经营绩效呈现出显著的促进作用,同时其作用存在一定的异质性特征,其中,对东部地区和小规模农林上市企业经营绩效的提升效果显著,在经过稳健性检验后,上述实证结果依然成立。另外,数字化水平对农林上市企业经营绩效影响的路径检验结果表明:数字化水平主要通过优化内部治理、降低经营成本两条路径提升企业绩效。因此,农林上市企业在制定数字化管理决策以及政府相关职能部门在制定针对农林企业数字化管理政策时,要优先考虑农林上市企业内部管理水平的优化和经营成本的降低,政府应采用因地适宜的数字化发展战略,加大研发投入,落实数字化保障政策,为农林上市企业创造良好的市场环境,从而促进农林上市企业经营绩效的提高。

In order to improve the business performance of listed agricultural and forestry enterprises in China,based on the data of listed agricultural and forestry enterprises in China from 2011 to 2020,the panel data regression model and the second-order least squares method are adopted to empirically analyze the impact of digital level on the business performance of listed agricultural and forestry enterprises.The research results show that:The digitalization level has a significant upward effect on the operating performance of listed agricultural and forestry enterprises,but it also has a certain heterogeneity in its empirical results,among which,the improvement effect on the operating performance of listed agricultural and forestry enterprises in the eastern region and small scale is significant.After the robustness test,the above empirical results are still valid.In addition,the path test results of the impact of digital level on the operating performance of listed agricultural and forestry enterprises show that it is mainly through optimizing internal governance and reducing operating costs to promote the improvement of enterprise performance.Therefore,the listed agricultural and forestry enterprises should give priority to the optimization of their internal management level and the reduction of their operating costs when making digital management decisions and the relevant functional departments of the government when formulating the digital management policy system for agricultural and forestry enterprises.The government should adopt a digital development strategy that is suitable for the local area,increase research and development investment,implement digital security policies,create a good market environment for listed agricultural and forestry enterprises,and promote the improvement of their business performance.