Risk Communication,Transaction Cost and Bankruptcy Risk in Food Enterprises—— Bosed on the Empirical Evidence of Listed Companies
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Abstract Based on the analysis framework of risk communication and transaction cost theory, the writer studies the cause and formation mechanism of bankruptcy risk in food enterprise, taking the data from Shanghai,Shenzhen and Hong Kong stock exchange in 2015 as samples.The result shows that the risk communication helps to reduce the bankruptcy risk of the food enterprise. The further study shows that, compared with the enterprises of the low asset specificity, the higher enterprises tend to establish effective coordination environment to ensure food safety. This article has enriched the literature in the field of risk communication and the bankruptcy risk, and has the vital significance for reducing the bankruptcy risk of the food enterprise.
WANG Zhi-Chao,WANG Xiang-Xiang. Risk Communication,Transaction Cost and Bankruptcy Risk in Food Enterprises—— Bosed on the Empirical Evidence of Listed Companies. Economic Survey, 2017, 34(2): 0116.
2017, Vol. 34 
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