A Correlation Study About Responsibility To Ensure Food Security And Economic Performance Of China’s Agricultural Listed Companies

Food security is the most important thing for the country and its people. China’s grain output has achieved continuous growth for ten years, but many problems make China’s food security face serious challenges, such as rigid demand growth, reduction of arable land, restrictions of soil and water resources, and low agricultural productivity. The Central Economic Conference held in December 2013 emphasized the indemnification of national food security as a top priority of economic work, and it proposed the implementation of national food security strategy including relying mainly on domestic production, ensuring capacity, moderate imports and technology support. The implementation of food security strategy requires powerful government macro-control, and it also needs agricultural enterprises to play an important role as the subject of market trading and technology Innovation.As leaders of agricultural enterprises, agricultural listed companies have the advantages of capital, technology and management. They are of great significance for China’s agricultural structure adjustment, agricultural science and technology innovation and agricultural production stability. They should play a dominant role in the national food security strategy and actively take social responsibility to ensure food security. Taking food security responsibility will increase the operating costs inevitably, but it can also have a beneficial effect on the enterprise’s core competitiveness and sustainable development capacity. Economic performance emphasizes the relationship between income and output, so it is an important indicator of business competitiveness. The correlation study about responsibility to ensure food security and economic performance of China’s agricultural listed companies is of great significance to the implementation of national macroeconomic policies and the formulation of enterprise development strategies.Based on domestic and foreign research literatures and related theoretical basis, this paper analyzes the present situation of social responsibility and economic performance of agricultural listed companies combined with China’s national conditions and the situation of agricultural listed companies. Then this paper proposes food security responsibility path, including the consolidation of the main business, increasing research investments, improving the quality of agricultural products and developing international operations. After selecting 36 agricultural listed companies’ 2010-2013 financial data as the study samples, this paper conducts an empirical test for the correlation about responsibility to ensure food security and economic performance of China’s agricultural listed companies. The result show that bearing responsibility for ensuring food security by agricultural listed companies will have a good impact on the economic performance improvement. According to research findings, this paper put forward suggestions from different levels.