Influencing Factors of Enterprises Entering Strategic Emerging Industries ——Empirical Analysis Based on Probit Selection Model
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Influencing Factors of Enterprises Entering Strategic Emerging Industries ——Empirical Analysis Based on Probit Selection Model
YAN Jun-zhou1, TONG Chao2, QIN Jian-jun3
1. School of Business Administration, Zhengzhou University of Aeronautics, Zhengzhou 450015, China; 2.School of Statistics, Shanxi University of Finance and Economics, Taiyuan 030004, China; 3.Institute of Agricultural Economics and Development, Jiangsu Academy of Agricultural Sciences, Nanjing 210014, China
Abstract Taking 2568 industrial enterprises in Shanxi Province as the research samples from 2014 to 2016, the paper empirically analyzes the influencing factors of enterprises entering strategic emerging industries using the probit selection model. The results show that the enterprise structure and enterprise management have a significant influence on the enterprises entering strategic emerging industries. The probability of state holding enterprises doing this is significantly higher than that of collective holding companies and private holding companies. The scale, assets and profits of enterprise have a significantly positive influence on enterprises entering into strategic emerging industries. Enterprise risks have a negative influence on enterprises entering strategic emerging industries, and enterprise liquidity risks can significantly reduce the probability of that happening. But financial subsidies and tax relief policies have a significantly positive influence on enterprises’ entrance into that field.
2019, Vol. 36 
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