The Empirical Research of Equity Balance and Performance of Agricultural Listed Companies under the Dynamic Competitive Perspective

Fangyong LI1, Jun QIAO2

1School of Enterprise Management, Chongqing Jiaotong University, Chongqing, 400074, CHINA

2School of Civil Engineering & Architecture, Chongqing Jiaotong University, Chongqing, 400074, CHINA

Abstract: This paper discuss the relationship between the equity balance and the corporate performance of the agricultural listed companies under the dynamic competitive perspective, and joining the variable of the defense capabilities into the model to explore how equity balance effects on corporate performance. This paper adopted the section data of 2014 agricultural listed companies to analysis the relationship between the equity balance, the defense capability and the performance of the agricultural listed companies. The conclusions as follows: equity balance is beneficial to improving enterprise's defensive capabilities in dynamic competition; Equity balance has a positive correlation with the enterprise performance; Equity balance degree has a positive correlation with the enterprise performance through improving the defense capability of the enterprise.

Keywords: Equity balances; Corporate performance; Defense capability