The Effect Of Financing Constraints On The Quality Upgrading Of China's Agri-Food Enterprises' Export Products

In recent years,with the rise of international trade protection forces,the international food trade market will inevitably be affected.China is a big country for food export trade.Facing the severe international trade situation in the future,upgrading China's food industry's export products' competitiveness in the international market will be one of the important measures to safeguard China's status as a major exporter of food.In the international market,the quality and safety of food are the key to the competitiveness of an enterprise's products.With the improvement of the living standards of people all over the world,international consumers are paying more and more attention to the sources of food and their production methods,and will therefore be more cautious about choosing imported foods.However,there are a series of shortages of health,quality,and safety in the production of our national agri-food industry.These deficiencies have caused certain negative impacts on the export of our country's agricultural food sector.At the same time,the competition in the international food market is no longer the traditional price competition but the competition for food quality.The traditional market position that has been maintained by relying on low-price confrontation has gradually lost.Therefore,how to improve the quality of food products for export and win the trust of international consumers is the key to improving the competitiveness of food companies' export products.When studying the influencing factors of the quality of export products of enterprises,the phenomenon that companies are subject to financing constraints has attracted widespread attention from scholars.From the perspective of the impact mechanism,food companies not only have to bear huge amounts of silence and fixed costs in the export process,but also need huge amounts of money to invest in research and development and purchase high-quality intermediate products when choosing to upgrade their product quality.When the sources of corporate funds are constrained,only investment in R&D and related capital goods can only be reduced,thereby inhibiting the quality of export products of food companies.Under this background,this article uses the data from the Customs Trade Database and the Chinese Industrial Enterprise Database from 2000 to 2010 to study the status quo of China's financing environment and the export of food products,and studies the products that are subject to financing constraints for Chinese food companies.Impact of quality upgrades.Based on the related research results of the existing academic circles,the reasons for the financing constraints and the influence mechanisms of the financing constraints on the quality upgrade of the export products of the food enterprises in China are explained from the theoretical perspective.In the empirical process,this paper constructs the main variables and other control variables to more comprehensively analyze the impact of financing constraints on the quality upgrade of China's food companies' export products,and verifies the robustness of the model.In addition,according to the different characteristics of the company,this article conducts research and analysis from the perspective of the distribution of different geographical regions of the company and different types of ownership,and carefully analyzes the impact of financing constraints on the quality upgrade of food companies.Through the study of this paper,we find that:Firstly,from the preliminary regression results of the overall sample,the financing constraints significantly inhibited the quality upgrade of the export products of food enterprises in China.In addition,this degree of suppression was significantly stronger for companies close to the frontier of export product quality.Secondly,there is a significant difference in the inhibitory effect of financing constraints on the quality upgrade of export products among different samples.From the perspective of the samples from different regions,the financing constraints have significantly suppressed the quality upgrade of export products of eastern food companies,but for food enterprises in the central and western regions,this effect is not significant;From the perspective of the sample of different forms of ownership,the restraint effect of financing constraints on the private ownership and the foreign ownership of food products in the form of foreign companies is significantly more pronounced than that of state-owned food companies.