Research On The Influencing Factors Of The Internationalization Degree Of Chinese Agricultural Entersesfrom The Perspective Of Enterprise Heterogeneity

Agriculture,as the primary industry,plays a vital role in national economy development.Because of the reform and opening up,China's society has achieved rapid progress,nevertheless,the issue in the field of agriculture is still prominent.If we want to alleviate the pressure,which exists in agriculture,we need to achieve effective resource allocation and reasonable utilization on a global scale to help China's agriculture develop at a high speed and quality.The promotion of the "Go Global" and the "Belt and Road" strategies has accelerated the pace of internationalization of agricultural enterprises.However,compared with developed countries,the international business of China's agricultural enterprises mainly remains at the export stage relying on low value-added agricultural products,and the breadth and depth of their international distribution are not as good as those of developed countries.Even under the same political background,the degree of internationalization among China's agricultural enterprises is quite different.Therefore,from the perspective of enterprise heterogeneity,studying behavioral laws of agricultural enterprises is of great benefit to improving the internationalization of agricultural enterprises and promoting the development of China's agricultural economy.Agriculture has a comparatively production cycle and dual risks of nature and the market.Its weak characteristics have created a unique feature of agricultural enterprises on internationalization,differing from other enterprises.There exists many factors that can influence the degree of internationalization of agricultural enterprises.Based on the perspective of enterprise heterogeneity,this article summarizes six factors of enterprise heterogeneity that may affect the internationalization of agricultural enterprises,namely,enterprise scale,enterprise operating capability,R & D capability,enterprise managing capability,agricultural technology capability,and entrepreneur.What's more,this article analyzes specific impact mechanisms of six influencing factors,and then,quantifies them by combining the characteristics of agricultural enterprises with seven specific variables—corporate assets,land use rights,net interest rate,R & D investment,management investment,agricultural technical talents,whether the chairman and CEO positions are separated.After that,the article collects and processes the relevant data of 31 agricultural enterprises with overseas operations in 2017 and 2018 by taking the age of the enterprise as a control variable,and uses multiple linear regression analysis to perform a stepwise regression analysis on the influencing factors of the agricultural enterprises' internationalization degree.The research results show that the two variables of land-use rights and net interest rate will have a significant positive impact on the degree of internationalization of agricultural enterprises;the increase in corporate assets,R & D investment,and the non-separation of chairman and CEO positions will have an significant negative impact on it;there is no significant impact between management investment,agricultural technical talents,enterprise age and degree of internationalization.Based on the empirical results,this article analyzes the reasons for the research results,and concludes that the factors of enterprise size,enterprise operating capacity,and entrepreneurial factors are the main heterogeneity factors that affect the internationalization of agricultural enterprises.Finally,based on the analysis of the research results,this article puts forward corresponding countermeasures and suggestions for the internationalization of agricultural enterprises from the corporate level.First,participate in international competition actively and make good international strategic deployment;second,strengthen agricultural risk prevention awareness,and improve corporate profitability;third,attach importance to agricultural modernization,establish and improve the R&D and innovation mechanism;fourth,optimize governance structure,establish a good brand image;fifth,pay attention to relevant government policies,and fully grasp international opportunities.