As the third source of profit,logistics industry plays a crucial role in the high-quality development of China’s economy.As a representative key carrier in the development of logistics industry,it is of great significance to study the impact mechanism of operational efficiency of listed logistics enterprises.This article takes 62 listed logistics enterprises as the research object,and takes2010-2021 as the research time interval.Based on the analysis and summary of previous research results,this paper uses the Super-SBM model and the Malmquist-Leuenberger index model considering relaxation variables to conduct a static and dynamic analysis of the development status of operational efficiency of listed logistics enterprises in China,and uses the entropy method to analyze the development status of transportation hub construction in China.After that,the enterprise development trend is used as an intermediary variable,and the enterprise growth opportunity is used as an adjusting variable,based on the differences between macro and micro construction of transportation hubs,this paper analyzes the impact mechanisms of different dimensions of transportation hub construction on the operational efficiency of listed logistics enterprises,and conducts a robustness test on the results.In addition,this article also classifies listed logistics enterprises into seven different types of enterprises based on their secondary industry category differences,including warehousing enterprises,road transportation enterprises,air transportation enterprises,water transportation enterprises,railway transportation enterprises,postal enterprises,loading and unloading and transportation agency enterprises,and analyzes the heterogeneity of their impact mechanisms.The results show that:(1)There is a large gap in operational efficiency among listed logistics enterprises,and the operational efficiency of most listed logistics enterprises is in a DEA ineffective state.(2)There are certain differences in operational efficiency among listed logistics enterprises belonging to different secondary industry categories,and the operational efficiency of most listed logistics enterprises is continuously optimized with the support of technical efficiency.(3)Both the macro construction and micro construction of transportation hubs can significantly improve the operational efficiency of listed logistics enterprises,and the development trend of enterprises both play a significant positive part in the intermediary role.(4)Growth opportunities can significantly and positively adjust the promotion effect of macro construction and micro construction of transportation hubs on the operational efficiency of listed logistics enterprises in China.(5)There are differences in the impact mechanisms of operational efficiency of listed logistics enterprises under different secondary industry categories.Based on the research results,relevant development implications are proposed. |