ORIGINAL RESEARCH
An Empirical Study on Measurement
and Influencing Factors of High Quality
Development Level of Listed Companies
in Digital Music Industry
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1
School of Music and Film & Television, Tianjin Normal University, Tianjin 300382, China
2
School of Economics and Management, Civil Aviation University of China, Tianjin, 300300, China
Submission date: 2022-10-28
Acceptance date: 2022-11-25
Online publication date: 2023-02-08
Publication date: 2023-03-14
Corresponding author
Yuhao Lin
School of Music and Film & Television, Tianjin Normal University, China
Pol. J. Environ. Stud. 2023;32(2):1675-1688
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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.