RESEARCH ON THE IDENTIFICATION AND IMPACT OF NATIONAL RISKS OF CHINA'S AGRICULTURAL FOREIGN INVESTMENT
Identifying and evaluating the national risks faced by China's agricultural foreign investment,analyzing the impact of various risks at the national level of host countries on Chinese enterprises engaged in China's agricultural foreign investment,holds significant importance for fully utilizing and optimizing both domestic and international markets and resources. And this will enhance China's agricultural industry layout globally and elevate its international competitiveness. Based on risk index data from 85 countries and regions globally from 2006 to 2018 and data on China's agricultural foreign investment projects,this study first employed principal component analysis and entropy methods to assess and evaluate the host country's national risks. Subsequently,it further explored the impact of various risks at the national level in the host country on China's agricultural foreign investment by using a negative binomial regression model. The results were showed as follows. National,social,and agricultural environmental risks in host countries negatively influenced China's agricultural foreign investment,while political risks had a positive influence. Factors such as a favorable host country economic development,an open investment and business environment,and lower inflation rates attracted Chinese enterprises to engage in agricultural foreign investment. From the perspective of whether the research objects were countries and regions along the "Belt and Road",heterogeneous analysis revealed that the impact of national risks in countries and regions along the "Belt and Road" on China's agricultural foreign investment was significantly lower than that in the countries and regions not along the route. Therefore,to further promote China's agricultural foreign investment,the government should enhance supporting policies such as credit,tax,insurance,and foreign exchange for overseas agricultural projects,establish systems for releasing information on overseas investments,and establish specialized overseas investment risk assessment institutions,while enterprises should actively undertake local social responsibilities in host countries,adhere to complete industry chain construction,and emphasize the cultivation and reserve of international talents.
agricultural foreign investmentnational riskrisk identificationrisk impactnegative binomial regression model
万方数据
维普
