Study on the impact of environmental uncertainty on the export quality of manufacturing enterprises
Based on the export data of A-share manufacturing enterprises,this study uses the two-way fixed effect model to examine the impact of environmental uncertainty on the quality of export product and its mechanism.It is found that the increase of environmental uncertainty will hinder the quality upgrading of enterprises'export products,and this conclusion has passed a variety of robustness tests.Mechanism research shows that the increase of environmental uncertainty mainly hinders the quality upgrading of export products by improving financing constraints and transaction costs,and reducing innovation output.The heterogeneity analysis shows that the inhibitory effect of environmental uncertainty on the quality upgrading of export products is mainly concentrated in technology-intensive and capital-intensive enterprises,and the inhibitory effect is more obvious for enterprises in the low growth stage,low level of internal control,and low background richness of board members.Therefore,enterprises should further optimize the management structure,improve the budge and final accounts system,strengthen risk management and control,and the government should jointly promote the manufacturing enterprises to improve their ability to cope with environmental uncertainties by creating a stable policy environment,implementing a good policy on the introduction of composite talents,and creating an efficient financial mechanism,so as to promote the quality upgrade of export productss.
environmental uncertaintyquality of enterprise export productsfinancing constraintsinnovation outputtransaction cost
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