The Influence of Financing Constraints on Enterprises' Export Trade Patterns

The party and the government have long regarded improvement of international competitiveness promotion transformation upgrading export trade as a relatively important goal in economic policy reform. In work report 19th National Congress Communist Party China, it is clearly required to intensify efforts promote construction powerhouse, cultivate new formats, vigorous expansion foreign trade. With help matching or data from effective customs database Chinese industrial enterprise database, this paper studies possible impact quantitative regression financing constraints on domestic model. result that when enterprises face pressure constraints, they will choose processing with lower profits abandon general model higher profits.