How Does Anti-Dumping Affect Enterprise Exit From Export Market?

With the continuous development of our country’s economy and international trade,the international trade friction and trade dispute appear in succession,anti-dumping has become an important means of trade protection in other countries to protect the domestic market and solve trade conflicts.In recent years,China has been frequently subjected to anti-dumping investigations by various countries,which not only hinders the normal development of China’s import and export business,but also affects the business performance of enterprises and may eventually lead to their withdrawal from the export market.Therefore,it is of great concern to study the influence of foreign antidumping on Chinese export market exit.In this paper,micro-level data of Chinese export enterprises are obtained by collating Chinese industrial enterprises database and customs database.Taking Chinese export enterprises from 2009 to 2014 as the research object,by analyzing the theories related to anti-dumping and export market exit and using propensity score matching-differential analysis method,this paper examines whether an enterprise’s decision to exit the export market will be influenced by anti-dumping at the destination.First,this paper makes a detailed analysis of China’s anti-dumping cases in recent years and Chinese enterprises’ exit from the export market.Data analysis shows that from the perspective of antidumping,China has become the most frequently affected country in the world,but also the most vulnerable country;The countries that initiated antidumping to our country concentrated in ten countries and regions,including India,America,European Union and so on;The industries involved in anti-dumping cases against China are mainly manufacturing.From the current situation of export withdrawal of Chinese enterprises,whether from the exit of export market,or from the exit of export relations,the exit of Chinese enterprises is relatively frequent.Secondly,this paper makes a theoretical analysis on the phenomenon of anti-dumping and enterprise exit,and theoretically explains that suffering anti-dumping will increase the possibility of enterprise exit.Thirdly,this paper uses propensity score matching-differential analysis method to build a model,and empirically analyzes the exit effect of foreign anti-dumping against China on the export market of Chinese manufacturers.logit method is used for regression processing of the data,and regression of heterogeneity analysis,mechanism test and robustness test are carried out at the same time.Fourth,on the basis of the above research,in view of the actual situation of our export market exit and suffering the anti-dumping,the corresponding policy suggestions are given.The research of this paper finds that foreign anti-dumping measures to Chinese enterprises will significantly improve the possibility of enterprises exit the export market;In addition,when the mechanism test takes the business performance of enterprises as the intermediary variable,the results show that foreign anti-dumping measures against China mainly affect the choice of exit from the export market by worsening the business performance of enterprises.In the heterogeneity analysis,it is found that enterprises with different nature,asset size and personnel size have different influences on the exit from the export market.Specifically,non-foreign enterprises,enterprises with small assets and enterprises with small personnel size are more likely to withdraw from the export market after being subjected to anti-dumping.