Analysis on Dynamic Relationship between Equity Financing and Agricultural Integration - Based on VAR Model and Impulse Response

Kun Song, Xiaoqian Liu

Abstract

Equity financing of agricultural firm is one of financing methods encouraged by the government. Research on the relationships is the key problem of how equity financing supports agricultural integration. Based on VAR model, cointegration analysis and Granger causality test is done to study the equilibrium relationship and the dynamic impact is analyzed by using impulse response. Results show that size and efficiency of equity financing have a positive relationship with agricultural integration. But size is more useful than efficiency, and structure of equity financing and agricultural integration move in the opposite direction. Thus, only equity financing with large size, efficiency, reasonable structure and right investment will actually have an active impact on agricultural integration. Meanwhile, the development of agricultural integration has not played a leading role on equity financing, and they have been in a low collaborative degree.

References

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  2. Cheng Zhao, Zhihong Huang., 2014. Study of Financial Repression and Counter Measures of Development of Agricultural Industrialization Based on the Analysis of Operating Risk of Corporation Perspective. HUNAN SOCIAL SCIENCES.
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  4. Zheng Hong., 2011. Is the Reform of New Rural Financial Institutions Feasible? Analysis from the Perspective of Monitoring Efficiency. ECONOMIC RESEARCH JOURNAL.
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Paper Citation


in Harvard Style

Song K. and Liu X. (2016). Analysis on Dynamic Relationship between Equity Financing and Agricultural Integration - Based on VAR Model and Impulse Response . In ISME 2016 - Information Science and Management Engineering IV - Volume 1: ISME, ISBN 978-989-758-208-0, pages 277-282. DOI: 10.5220/0006449002770282


in Bibtex Style

@conference{isme16,
author={Kun Song and Xiaoqian Liu},
title={Analysis on Dynamic Relationship between Equity Financing and Agricultural Integration - Based on VAR Model and Impulse Response},
booktitle={ISME 2016 - Information Science and Management Engineering IV - Volume 1: ISME,},
year={2016},
pages={277-282},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006449002770282},
isbn={978-989-758-208-0},
}


in EndNote Style

TY - CONF
JO - ISME 2016 - Information Science and Management Engineering IV - Volume 1: ISME,
TI - Analysis on Dynamic Relationship between Equity Financing and Agricultural Integration - Based on VAR Model and Impulse Response
SN - 978-989-758-208-0
AU - Song K.
AU - Liu X.
PY - 2016
SP - 277
EP - 282
DO - 10.5220/0006449002770282