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Why do many a-share listed companies eagerly disclose food safety information in China?—from the perspective of financing constraints

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  • Suyun Chen
  • Yiping Wu
  • Xinyi Shi
  • Hengyun Ma
  • Ruifeng Liu

Abstract

Recently, many listed food companies have started to eagerly disclose their food safety information; the question is, why? This study empirically tests the impacts of food safety information disclosure (FSID) on corporate financing constraints using a panel dataset. The results show that FSID is negatively correlated with equity financing constraint, while its degree is negatively correlated with debt financing constraint. FSID has a larger influence on the financing constraints of state-owned enterprises. Therefore, the standardized FSID is conducive to establishing a mechanism connecting an enterprise with government supervision, and to forming a bottom-up information transmission path in food safety production.

Suggested Citation

  • Suyun Chen & Yiping Wu & Xinyi Shi & Hengyun Ma & Ruifeng Liu, 2020. "Why do many a-share listed companies eagerly disclose food safety information in China?—from the perspective of financing constraints," Applied Economics, Taylor & Francis Journals, vol. 52(51), pages 5653-5666, November.
    • Handle: RePEc:taf:applec:v:52:y:2020:i:51:p:5653-5666
    DOI: 10.1080/00036846.2020.1770193
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