Study on Total Factor Productivity of Agricultural Leading Enterprises Listed in Hunan Province—Based on DEA-Malmquist Index

Abstract

This paper uses DEA-Malmquist index to study the total factor productivity (TFP) of nine listed agricultural leading enterprises in Hunan Province. The results show that: from the static productivity evaluation results between 2012 and 2017, the overall productivity of listed agricultural leading enterprises still needs to be improved, including Jiajia Group Co., Ltd., Hunan Hunan Zhenghong Science and Technology Develop Co., Ltd., JinJian Cereals Industry Co., Ltd., Kemen Noodle Manufacturing Co., Ltd., The average production efficiency of Hunan New Wellful Co., Ltd. and Dahu Aquaculture Co., Ltd. is less than 1, so the input and output should be optimized. From the dynamic analysis of DEA-Malmquist index model, the scale efficiency of JinJian Cereals Industry Co., Ltd. is less than 1, which needs to be adjusted. The total factor productivity of Hunan Hunan Zhenghong Science and Technology Develop Co., Ltd., Zhu Zhou Qian Jin Pharmaceutical Co., Ltd., Dahu Aquaculture Co., Ltd., Hunan New Wellful Co., Ltd. is greatly affected by technological progress. These enterprises need to increase investment in new technologies. Enterprises such as Jiajia Group Co., Ltd. And Kemen Noodle Manufacturing Co., Ltd. are not enough in technology input and scale optimization. They should not only innovate technology, but also adjust enterprise scale, optimize input-output allocation and enhance total factor productivity.