Study On The Influence Of The Birth Policy On The Performance Of Listed Dairy Companies In China

The new childbearing policy for two and three children is the basic national policy of China.The implementation of the new childbearing policy is not only to solve the problem of population aging,but also an important livelihood policy to improve China’s population structure and promote economic development.At present,the implementation of the new child-bearing policy for the second and third children has made dairy listed companies see great prospects for development.Most industry experts believe that the adjustment of the fertility policy will inevitably promote the demand for dairy products,which provides a prerequisite for the transformation and upgrading of dairy products.However,the following safety problems in the dairy industry have also become the focus of the public’s urgent attention at this stage.Driven by the benefits of the new birth policy,whether the listed dairy companies can guarantee the quality and improve the consumer health and safety awareness of their products is still worth thinking about.From the perspective of the overall development of the dairy industry,China,as a large consumer of population,the implementation of the new fertility policy has a significant impact on the development of the global dairy industry,while whether the Chinese dairy industry can make profits from it is still unknown.Under the implementation of the new birth policy,facing the import impact of high-quality dairy products from abroad,he competitive pressure of listed dairy companies in China continues to increase,and there are still many uncertain factors in their development and profits;Therefore,this thesis proposes a "study on the impact of fertility policy on the performance of listed dairy companies in China" in order to provide inspiration for the development of China’s dairy industry.In order to better complete the thesis,the following work has been done in this study:First,a large number of literature and research materials on related topics were collected to analyze the economic development of the dairy industry under the influence of the fertility policy.Through the analysis of literature,the basic ideas and research methods of this study are established;And further refined the concept and theoretical basis of the relevant topics of this study.Use catch-up theory,industry life cycle theory,externality theory,and innovative theoretical analysis to ensure the theoretical connotation of this study and the theoretical basis of the research point of view.Secondly,in order to ensure the reliability of the purpose and basis of this study,the three hypotheses of this study are further refined through the analysis of literature and data and the combination of theoretical basis,and the relationship between research factors is clarified.The three hypotheses include hypothesis 1:the new birth policy has a significant impact on the performance of dairy listed companies;Hypothesis 2:strong innovation ability has a positive impact on the performance improvement of dairy listed companies;Hypothesis 3:dairy listed companies with innovative capabilities can promote the positive regulation of fertility policy on their performance.The benchmark model of double difference research and the definition of variables were established,and the sample data of 32 dairy listed companies from 2010 to 2021 were reduced by factor analysis method,and four common factors were extracted,as well as the change of performance levels in different years.Thirdly,through the analysis of the empirical results of the double difference model,he three hypotheses of the study are verified;The conclusion of this study is refined through the empirical results,and it is clear that the existing research has found that dairy listed companies should have strong innovation ability,which can play a positive role in promoting the new birth policy to its performance.If the listed dairy companies in China want to improve their performance,they must obtain the dual guarantee of social and economic benefits,which is related to the new birth policy;However,under the sustainable development vision of long-term profit,the development of dairy listed companies must focus on the investment in innovative research and development with high quality and high safety,so that they can gain innovation ability and devote themselves to the creation of human health dairy products,so that they can win the market and gain the driving force for long-term development.