| The wave of domestic enterprises shutdowns happening frequently is a very real and pressing problem which is caused by the global financial crisis. In view of this problem, we start from enterprises’ internal in this paper, investigating how the enterprise’overall financial health and export participation affect the enterprise survival. In particular, this paper selects771434sample enterprise from2003-2007Chinese manufacturing enterprises to build microscopic panel data, using the "complementary double logarithm Model"(Cloglog Model) of the "Survival Analysis", investigating in depth the potential impact of the financial health to the enterprise survival. At the same time, according to a typical characteristic fact that the export participation of Chinese enterprises is high, further consider the regulatory role of the export participation in this effect. At last, according to the Chinese enterprise ownership characteristics, consider the different effects of the different enterprise ownership type, the results show that:the enterprise’s financial health on the Survival rate has a significant positive effect; the export of State-owned enterprises reduces the survival rate, and the export of non-state-owned enterprises improves the survival rate; The enterprise financial health variables affect the state-owned export enterprise more significant than non-state-owned export enterprises. This paper in order to clarify the significant influence factors of the enterprise survival, on the one hand, pointing out the direction of how to improve the domestic enterprises survival ability in the current severe market environment, on the other hand, providing empirical basis for the government to set the starting point when make the corresponding policies in dealing with the wave of domestic enterprises shutdowns, then fundamentally improving the pertinence and effectiveness of the enterprise and government both aspects’ countermeasures and policy resistance crisis. |
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