结构性减税背景下上市公司财税补贴效应实证研究——基于安徽省上市公司的面板数据  

The Empirical Study on the Listed Companies in Fiscal Subsidies—Based on the Panel Data of Listed Companies in Anhui

作　　者：韩东林[1] 刘琼[1] 

机构地区：[1]安徽大学商学院,安徽合肥230601

出　　处：《南都学坛（南阳师范学院人文社会科学学报）》2014年第2期103-109,共7页Academic Forum of Nandu:Journal of the Humanities and Social Sciences of Nanyang Normal University

基　　金：2009年度国家社科基金重大项目"深化资源价格和税收体制改革研究";项目编号:09&ZD051

摘　　要：2008年下半年,中央政府正式提出实施结构性减税政策,减轻了公司的税负水平,保持经济平稳较快发展,同时政府还积极为上市公司提供财政补贴支持企业发展。为探索政府税收政策和收入政策对上市公司绩效的影响,选取安徽省42家上市公司的面板数据,运用个体固定效应模型进行分析后可以看出:政府的税收政策和收入政策对上市公司产生的效应并不显著,没有达到预定的效果。其中的原因是多方面的,既有减税力度不足和补贴资金有限的原因,也有上市公司经营管理不善、补贴资金利用效率不高等原因。这就要求政府从以下几点加以改善:加大结构性税收减免力度,支持上市公司发展;加大政府投入力度,改善补贴方式;强化上市公司管理,提高补贴资金利用效率;加强财政补贴资金监管,防止出现资金流失和无效利用。同时,上市公司也应当注重规模和效益的均衡发展、提高补贴资金的使用效率,以此提升自身的经营绩效。In the second half of 2008, the central government formally proposed the implementation of the policy of structural tax reduction to reduce the companies＇ tax level and maintain stable and relatively fast economic growth. At the same time, the central government has also provided financial subsidies to support the listed companies＇ development. In order to explore the effect from the government policy to the listed companies, this paper uses the individual fixed effect model based on the panel date of 42 listed companies in Anhui Province from 2005 to 2011 to analyze the influence from tax and subsidy policy to the listed companies. The results show that the policies have no significant effects on the listed companies. This requires the government to improve the way of financial subsidies and tax incentives. The listed companies also need to balance the scale and the efficiency, and then improve the performance of the listed companies.

关 键 词：上市公司 税收政策 补贴政策 

分 类 号：F812.0[经济管理—财政学]