广西上市公司财政补贴效应研究

发布时间：2018-05-29 01:50

本文选题：财政补贴 + 上市公司　；参考：《广西大学》2017年硕士论文

【摘要】：财政补贴在财政政策当中具有重要的作用,是国家通过对财政收入分配的干预,来调节国民经济与社会发展的重要手段。在现代经济学理论的指导下,目前在全世界范围内,政府对企业进行财政补贴是一种非常普遍的行为。纵观我国政府对企业的财政补贴,无论规模还是结构,无不体现出政府为提高企业自身发展能力、提升企业经营绩效的政策意图。然而,我国政府财政补贴的效果是否显著,从政府的角度、收到财政补贴的企业角度进行观察,发现各省市情况不一。从某种程度上来说,国内学者们对政府对企业财政补贴效应问题的研究仍然不够深入,大多数仍停留在理论与现状分析层面。最近几年,我国不少省份的政府采取了降低对企业财政补贴力度的做法。为了弄清这一现象的原因,更好地贯彻财政补贴政策的意图,需要对财政补贴的效应问题进行深入的研究。本文基于目前国内的这一现状,从政府财政补贴的重点--对上市公司的财政补贴入手,通过分析广西上市公司财政补贴的现状,建立面板数据模型进行实证研究,并根据实证结果提出符合实际的政策建议,具有现实意义和一定的理论指导作用。本文共分为五个部分:第一章是全文的绪论。主要介绍本文的选题背景及意义,提出要解决的问题,通过阅读和整理相关学者有关企业财政补贴的理论和文献,形成国内外文献综述,并简要介绍本文的主要研究方法和框架结构。第二章是本文的理论基础。分为经济学理论关于财政补贴的理论认识、政府财政补贴的理论依据和政府对上市公司财政补贴行为的动因三个部分。第三章是对广西上市公司财政补贴的现状进行描述。主要从广西政府对上市公司财政补贴的财政政策、广西上市公司财政补贴的现状进行分析,并做出现状描述的小结。第四章是广西上市公司财政补贴效应的实证分析。主要以2011年-2015年广西区内收到政府财政补贴的上市公司为研究对象,根据上市公司年度财务报表整理出的数据,提出研究假设,进行回归分析,得出的结论是广西政府对上市公司的财政补贴并不能提升上市公司的经营绩效和自身的发展能力。第五章是研究结论和政策建议。研究结果表明,目前广西政府对上市公司财政补贴存在的问题表现在:财政补贴行业分布不均衡;财政补贴地区分布不均衡;财政补贴相对规模和绝对规模增长较快;上市公司财政补贴政策不够全面。对此,应该在今后的工作中,丰富和完善上市公司财政补贴政策;合理控制上市公司财政补贴规模;平衡各地区上市公司的财政补贴;缩小各行业上市公司财政补贴的差距。
[Abstract]:Fiscal subsidy plays an important role in the fiscal policy. It is an important means for the government to regulate the national economy and social development through the intervention of fiscal income distribution. Under the guidance of modern economic theory, it is a very common behavior for the government to subsidize enterprises all over the world. Throughout the government financial subsidies to enterprises, regardless of the size or structure, all reflect the government's policy intention to improve the ability of enterprises to develop and improve the performance of enterprises. However, whether the effect of government financial subsidy is significant, from the point of view of the government and the enterprises receiving the financial subsidy, it is found that the situation of different provinces and cities is different. To some extent, the research on the effect of government financial subsidy to enterprises is still not deep enough, and most of them are still at the level of theory and current situation analysis. In recent years, the governments of many provinces in China have adopted measures to reduce the financial subsidies to enterprises. In order to understand the cause of this phenomenon and carry out the intention of fiscal subsidy policy better, we need to study the effect of fiscal subsidy in depth. Based on the current situation in China, this paper starts with the focus of government financial subsidy-the financial subsidy of listed companies, through the analysis of the current situation of financial subsidies of listed companies in Guangxi, and establishes panel data model for empirical research. According to the empirical results, some practical policy suggestions are put forward, which are of practical significance and theoretical guidance. This paper is divided into five parts: the first chapter is the introduction of the full text. This paper mainly introduces the background and significance of this topic, puts forward the problems to be solved, through reading and sorting out the relevant scholars' theories and documents on enterprise financial subsidies, forms a literature review at home and abroad. The main research methods and frame structure of this paper are briefly introduced. The second chapter is the theoretical basis of this paper. It is divided into three parts: the theoretical understanding of financial subsidy in economic theory, the theoretical basis of government financial subsidy and the motivation of government financial subsidy to listed companies. The third chapter describes the current situation of financial subsidies of listed companies in Guangxi. This paper mainly analyzes the financial policy of Guangxi government on the financial subsidy of listed companies and the present situation of financial subsidies of listed companies in Guangxi, and makes a brief summary of the current situation. The fourth chapter is the empirical analysis of the financial subsidy effect of Guangxi listed companies. Taking the listed companies that received the financial subsidy from 2011 to 2015 in Guangxi as the research object, according to the data collected from the annual financial statements of the listed companies, the paper puts forward the research assumptions and carries out regression analysis. The conclusion is that the financial subsidy of Guangxi government to listed companies can not improve the operating performance of listed companies and their own development ability. The fifth chapter is the conclusion of the study and policy recommendations. The results show that the problems existing in Guangxi government's financial subsidy to listed companies are as follows: unbalanced distribution of financial subsidy industry, unbalanced regional distribution of financial subsidy, rapid growth of relative scale and absolute scale of fiscal subsidy; The financial subsidy policy of listed companies is not comprehensive enough. In view of this, we should enrich and improve the financial subsidy policy of listed companies in the future; control the scale of financial subsidies of listed companies reasonably; balance the financial subsidies of listed companies in various regions; and narrow the gap between financial subsidies of listed companies in various industries.
【学位授予单位】：广西大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F812.45

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