Research On Factors That Influence The Growth Of Agricultural Enterprise

With the development of capital markets, leveraging the rapid growth of agribusiness, play an increasingly important role in the national economy. Agribusiness development is the foundation of modern agriculture, but also industrialization, informatization, urbanization, modernization of agriculture-based synchronization of the four modernizations. The growth of agricultural enterprises can effectively implement to help farmers, led farmers income growth, guarantee the quality and safety of agricultural products, to promote China’s agricultural industrialization upgrade is very important. From their own point of view, the six central provinces Influencing factors agribusiness growth for the discovery of agribusiness growth problems can improve their business conditions to enhance the development of the ability to provide can learn from experience.In this paper, the growth factors listed agribusiness research from theoretical and empirical point of view of the six central provinces respectively. First, the theoretical basis for business growth and business growth factors relevant literature to sort out, then the growth of agribusiness and its influencing factors qualitative analysis to identify the problems. Secondly, collect historical data agribusiness growth factors, principal component analysis and multiple regression analysis of factors affecting the growth of agribusiness empirical analysis. Six provinces in the central region based on agriculture-related listed companies profitability, firm size, liquidity, assets and other aspects of a number of operational capacity of financial indicators, using principal component analysis and multivariate regression of the main factors affecting the growth of agro-listed companies. The analysis revealed that the six provinces of agriculture-related factors listed in the company’s growth, firm size and profitability are the most influential factors.Articles using principal component analysis of six provinces were listed companies’ financial indicators of agricultural growth and related factors were analyzed, extracted six main components, namely the profitability factor, structure factor, operating capacity factor, debt capacity factor, scale factor, the cash capacity factor. Secondly, the growth of enterprises and the related principal components regression analysis to determine the impact of the strength of the relevant factors. The study found that the six provinces affected by the growth of agribusiness enterprise strength factor significant business strength factors explain the major corporate assets total, ROE, operating margin, earnings per share, basic earnings per share, indicating the level of firm size and Profitability was positively correlated with the business growth. Six provinces affected by the growth of agribusiness significant factor of corporate cash, corporate cash factors explain the major enterprise accounts receivable turnover, the net cash flow per share, indicating that the ability to control business for cash was positively correlated to business growth. Six provinces affected by the growth of agribusiness innovation factor significant innovation factor mainly explained intangible assets ratio shows the proportion of intangible assets and business growth was negatively correlated.Finally, according to the existing theoretical research results, based on empirical analysis on the article, on how to promote agribusiness development, he attached importance to the development of modern agriculture industry consortium to improve the profitability of the business; to increase policy support the growth of agribusiness efforts, promote enterprise development; the establishment of a multi-level system of financial support to broaden the financing channels for agribusiness; strengthen agribusiness personnel training, pay attention to their own building and other decision making and suggestion.