Subject. The article discusses the agreement between the Russian Federation and the People's Republic of China on mutual protection and promotion of investments to create conditions for implementation of joint technological and infrastructural projects for agriculture development. Objectives. The study aims at economic analysis of factors of agro-industrial complex development of the Russian Federation and China, including the strategic compatibility assessment and company capital structure formation. Methods. The study draws on general scientific principles and methods of economic analysis, including the comparative analysis, grouping, abstraction, and systems approach. The qualitative analysis of companies' strategies is based on data from public reporting, industry research, etc. The regression analysis of data on 58 Russian and Chinese companies rests on the stakeholder theory and dynamic concept of capital structure. Results. We revealed significant differences in approaches to organic growth strategy implementation by Russian and Chinese agricultural holdings on a four-point scale. Here Chinese companies are characterized by deep integration into strategic government planning, technological autonomy, and digital platform development. Ongoing joint Russian-Chinese projects in the agro-industrial complex should combine balanced use of borrowed and equity capital, flexible interaction with government institutions through digital business models, participation in clusters and platforms for access to subsidies and programs, transaction costs minimization, diversification through digital technologies introduction. Conclusions. Russian and Chinese agro-industrial companies should adhere to a comprehensive strategy combining diversification with active use of institutional support tools for successful implementation of joint projects and strengthening their positions in the international market.
Keywords: economic analysis, agro-industrial complex, strategic compatibility, capital financing
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