摘要
本文利用我国A股上市公司2009—2015年的出口产品数据,从企业与供应商关系的视角出发,基于我国出口产品受到的多起反倾销、反补贴制裁为准自然实验,利用多期双重差分模型实证检验了贸易摩擦对企业出口业务的影响及机制。研究结果表明:与未受贸易摩擦影响的企业相比,受影响企业的受制裁产品出口金额下降约29.6%;而对于那些与供应商关系紧密的高供应商集中度企业,其受制裁产品的出口金额并未受到显著影响;低供应商集中度企业受制裁产品出口金额的显著下降主要是由产品出口数量减少导致的,出口量减少约26.5%,但出口价格未发生显著变化;而高供应商集中度企业在受到制裁后,可通过增加短期应付账款、提高库存周转率和供应商稳定度来缓解贸易摩擦的负面影响;在替换模型估计方法、替换关键衡量指标等一系列稳健性检验后,主要结论仍然成立。
Using the data of export products of Chinese A-share listed companies from2009 to 2015,from the perspective of firm-supplier relationships,this paper empirically examines the impact of trade friction on firms’ export and the mechanism by using the multi-period difference-in-differences model based on a quasi-natural experiment of antidumping and anti-subsidy sanctions on China’s export products.We find that compared with the products not affected by trade friction,the export amount of sanctioned products of affected firms decreases by about 29.6%.For those firms with high supplier concentration and close relationships with suppliers,the export amount of their sanctioned products is not significantly affected.The significant decline in the export amount of sanctioned products of firms with low supplier concentration is mainly due to the export volume reduction.The export volume decreases by about 26.5%,but the export price does not change significantly.Firms with high supplier concentration are able to alleviate the negative effect of trade friction by increasing short-term accounts payable,improving inventory turnover and supplier stability.The main findings still hold after a series of robustness tests such as replacing the model estimation method and the key measures.
作者
谭娜
高峰
何传添
TAN Na;GAO Feng;HE Chuantian
出处
《国际贸易问题》
CSSCI
北大核心
2022年第9期35-52,共18页
Journal of International Trade
基金
国家社会科学基金重点项目“建设更高水平开放型经济新体制研究”(21AZD064)。
关键词
贸易摩擦
反倾销
反补贴
供应商集中度
出口产品
Trade Friction
Anti-dumping
Anti-subsidy
Supplier Concentration
Export Products
