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| Can Grainsaving and Lossreducing Improve the Enterprise Total Factor Productivity? Mechanism Testing Based on Mediating Effect and Moderating Effect |
| SHI Qi1, LIANG Li2, ZHOU Ning1 |
1.School of Economics, Nanjing University of Finance and Economics
2.Institute of Food and Strategic Reserves, Nanjing University of Finance and Economics, |
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Abstract: Grain-saving and loss-reducing is not only our country's fine tradition, but also the urgent need to ensure national food security under the background of highquality development. Based on the panel data of listed grain-related circulation enterprises from 2012 to 2019, this paper examines the impact and internal mechanism of grain-saving and loss-reduction on the enterprise total factor productivity. The results show that grain-saving and loss-reducing can promote the total factor productivity of enterprises. Based on the test of mediation effect, it is found that improving the allocation of physical capital, human capital and technological innovation are important mechanisms to improve the enterprise total factor productivity. Based on the test of moderation effect, it is found that the digital level has a positive moderating effect on the relationship between grain-saving loss-reducing and total factor productivity. Considering the heterogeneity of enterprises, the promotion effect of grain-saving and loss-reducing on total factor productivity is different among enterprises with different ownership, regions, years of existence and digitalization level. Therefore, it is necessary to stress the impact of grain-saving and loss-reducing on the development of enterprises, through the optimization of capital allocation, technological innovation and digital level to consolidate the foundation of food security in China.
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Received: 18 October 2022
Published: 15 March 2023
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2023, Vol. 43 
浙公网安备 33011802000512号