营改增对房地产业财务绩效影响实证研究  

The Empirical Study on the Impacts of Replacing Business Tax to Value-Added Tax on Financial Performance of Real Estate Industry

作　　者：王玉梅[1] 刘佳红 吴海西 WANG Yu-mei;LIU Jia-hong;WU Hai-xi(School of Management,Xi'an University of Architecture and Technology,Xi'an Shaanxi 710055,China)

机构地区：[1]西安建筑科技大学管理学院,陕西西安710055

出　　处：《技术经济与管理研究》2019年第2期9-13,共5页Journal of Technical Economics & Management

基　　金：国家软科学研究计划项目(2013GXS4D152)

摘　　要：2016年5月1日房地产业正式面临"营改增"。理论上,增值税能够有效的避免营业税重复课税的缺点,但在短时间内基于高税率以及进项税额抵扣机制的双重作用,其最终结果不一定表现为税负下降,企业财务绩效提升。因而文章以房地产上市公司为样本,对2015年-2017年沪深两市的房地产公司的财务数据进行描述性统计分析、面板数据多元回归分析及对比分析,以期得出"营改增"前后企业财务绩效所受影响的波动性,并根据实证结果提出行之有效的建议,旨在帮助企业能在短期内全面应对"营改增"政策带来的变化,改善企业的财务绩效。With financial data of listed companies in real estate from 2015 to 2017,based on the theory of financial performance to choose the performance evaluation indicators,fixed effect model and the random effect model of multivariate regression analysis are used to research the impacts of replacing business tax on real estate industry. According to theoretical analysis,two assumptions about the impact of replacing business tax on financial performance of real estate industry are proposed. The empirical results show that the overall tax burden of the property industry is lower after the policy implemented,and the lower tax burden has promoted the financial performance of enterprises. But because of the time limit for the policy implementation,as well as the influence of the tax burden associated industry ,the performance of the affected degree is weak. Based on this,after implementation of replacing business tax,the government and enterprises should work together to improve to make good use of policy,tax cuts for the enterprise efficiency,and perfect the tax system in China as well.

关 键 词：营改增 财务绩效 房地产业 税负水平 

分 类 号：F293.30[经济管理—国民经济]