An Empirical Study on Measurement and Influencing Factors of High Quality Development Level of Listed Companies in Digital Music Industry

Abstract

Developing a green economy is the focus of China’s industrial restructuring, and the digital music industry contributes to the transformation and upgrading of the green economy. This paper focuses on the core problem of the high quality development efficiency of digital music industry and constructs the super-efficiency DEA model of non-parametric estimation and Malmquist index model of dynamic comparison respectively. The paper empirically analyzes the high quality development efficiency of digital music industry by using 2695 observation data of listed companies from 2011 to 2021. The results show that: (1) The high quality development efficiency of digital music industry is relatively high, but there are great differences within the industry. The overall efficiency interval is 0.363,2.251. (2) The high-quality growth effect of the digital music industry is significant, increasing year by year. Malmquist index is 1.2218, maintaining an average annual positive growth of 22.18%. (3) It is necessary for digital music industry to increase investment in technological innovation and promote high-quality and sustainable growth of the industry. 57.14% of enterprises are inefficient in technological progress. (4) Both internal and external factors have significant influence on the high quality development level of digital music. Both Logit model and OLS regression model pass the robustness test.