Researches About The Effects That Food Safety Investment Played On Financial Performance On Listed Food Processing Enterprises

The development of economy and science and technology has created today’s richness and species diversity about food, the amount of food has satisfied our requirements.In the meanwhile, it brought many negative effects. The progress of science and technology makes many impossible things come true, many chemicals are used to food produce, including the harmful chemical substances. And in order to earn more money, the producers use metamorphic materials to produce food, food safety problems resulted from all of those behaviors. Food safety problem is not a new one, it has a long history, the current food safety problem has received the widespread attention.To improve the standard of supervision of food safety, our government also established a professional food safety supervisory departments, but there still are so many food safety problems. The government and enterprises both have a major responsibility for food safety issue, it inspired the author to study this phenomenon to improve the safety of food, and to find other ways to solve the problem of food safety.In this paper, the author reviewed lots of literatures and, on the basis of the theory of quality management and producer behavior, the author analyzed the correlation of food safety investment and financial performance from the theoretical aspect. The observations are food producing companies, they are listed in Shanghai and Shenzhen. Descriptive statistics analysis, correlation analysis and liner regression analysis are the analytic methods in study, and after that the author analyzes food safety investment’s impact on financial performance about the listed food processing enterprises.Through the study of this article, the transport equipment investment and spending on research and development play a positive role in the current and the lag of the ROA, Tobin Q value and EPS; There is no significant correlation between the investment of machinery, the rate of technical staff and ROA, Tobin Q. There is a negative correlation relationship between the rate of technical staff and the current and lag of EPS; Machine equipment investment and its correlation between the current EPS is uncertain, but there is a positive correlation between EPS with lag issue; Food safety management system certification and the financial performance indicators of the enterprise does not exist a significant correlation.From the regression analysis, research and development spending played a positive influences on the current and lag ROA, the rate of technical personnel have negative effects for the current ROA, transport investment have a significant positive impact on the lag of ROA; Spending on research and development, the transport investment have a significant positive influence on current and lag Tobin Q value and EPS, the machinery input has a significant negative impact on current Tobin Q value and EPS; Food safety management system certification has no significant effects on financial performance indexes. As a whole, Food safety input index have a significant impact on financial performance, but the variable parameters in the model are not significantly.In view of the analysis of this paper, the author puts forward the following suggestions:Enterprises should optimize the structure of staff, training the employees regularly to improve the staffs professional ability; Improve and optimize the transportation system; Companies should enhance research and development investment in allowed conditions; The government should increase incentives and support for food producing enterprises, and strengthen supervision and management.