“营改增”对交通运输业上市公司绩效影响的实证研究

发布时间：2018-11-26 19:57

【摘要】：我国交通运输企业自2013年8月1日起全面展开了“营业税改征增值税”的试点工作。研究“营改增”政策对企业绩效的影响以及企业的有效应对策略，对提高交通运输企业绩效和促进其发展有着重要意义。研究介绍了“营改增”和企业绩效有关理论，阐述交通运输业的定义及特点，并从“营改增”的内涵、“营改增”的进程、“营改增”政策的具体设计以及“营改增”试点情况四个方面对交通运输业“营改增”的背景进行了概述，从现金流量和利润两个方面分析了“营改增”对交通运输企业绩效的影响。进行了实证研究设计，提出了以下实证研究假设：“营改增”对交通运输业上市公司绩效水平有显著影响、“营改增”与交通运输业上市公司绩效呈负相关关系。选取沪深两市适用11%增值税率的29家交通运输业上市公司作为样本，设定每股收益率和净资产收益率为表示企业绩效的指标，每股净资产作为可比较的控制变量，“营改增”为研究自变量，收集2012年和2013年交通运输业上市公司“营改增”前后企业的每股收益、净资产收益率和每股净资产等反映企业财务绩效的指标数据。以交通运输业上市公司的绩效指标作为被解释变量，以“营改增”和每股净资产作为解释变量，构建“营改增”与交通运输业上市公司绩效关系的模型。利用SPSS统计分析软件，采用描述性统计方法进行“营改增”前后企业绩效的对比，分析交通运输业上市公司绩效变化情况，采用相关性分析和多元线性回归分析的方法对“营改增”和上市公司绩效进行相关性分析和回归分析，综合描述性分析、相关性分析和回归分析的结果，揭示“营改增”对交通运输业上市公司绩效的影响及其影响程度，并对研究假设进行T检验，，依据T检验结果在原假设和备选假设中做出选择，根据实证研究结论，提出交通运输企业应对“营改增”提高企业绩效的相关措施和建议。研究结论表明，“营改增”对交通运输企业绩效有显著影响；交通运输企业实行“营改增”政策后，其企业绩效有所降低。交通运输企业应采取有效措施应对，提高企业绩效并保持可持续发展。
[Abstract]:Since Aug. 1, 2013, China's transportation enterprises have carried out the pilot work of changing business tax to value added tax (VAT). It is of great significance to study the influence of "business reform and increase" policy on enterprise performance and the effective countermeasures to improve the performance and promote the development of transportation enterprises. This paper introduces the theories of "business reform and increase" and enterprise performance, expounds the definition and characteristics of transportation industry, and discusses the process of "business reform and increase" from the connotation of "business reform and increase". The specific design of the policy of "changing and increasing the operation" and the situation of the pilot project of "changing and increasing the operation" are summarized in this paper, and the background of the "reform and increase of the operation" in the transportation industry is summarized. This paper analyzes the influence of "business transformation and increase" on the performance of transportation enterprises from two aspects of cash flow and profit. The empirical research design is carried out, and the following empirical research hypotheses are put forward: "business reform increase" has significant influence on the performance level of listed companies in traffic and transportation industry, and "business reform increase" has a negative correlation with the performance of listed companies in transportation industry. Select 29 listed companies with 11% VAT rate in Shanghai and Shenzhen stock markets as samples, set EPS and ROE as performance indicators, and use net assets per share as comparable control variables. "Operation change and increase" is the independent variable to collect the index data which reflect the financial performance of the listed companies before and after 2012 and 2013, such as earnings per share, return on net assets and net assets per share. Taking the performance index of the listed companies in the transportation industry as the explanatory variable and the net assets per share as the explanatory variables, this paper constructs a model of the relationship between the performance of the listed companies in the transportation industry and the performance of the listed companies in the transportation industry. Using SPSS statistical analysis software, using descriptive statistical method to compare the performance of enterprises before and after "business reform and increase", and to analyze the performance changes of listed companies in transportation industry. By using the methods of correlation analysis and multiple linear regression analysis, the results of correlation analysis and regression analysis on the performance of "business reform and increase" and listed companies are analyzed, including descriptive analysis, correlation analysis and regression analysis. This paper reveals the influence of "business reform and increase" on the performance of listed companies in transportation and transportation industry, and carries out T test on the research hypotheses. According to the results of T test, it makes a choice between the original and alternative assumptions, and according to the conclusions of empirical research, it makes a choice between the original hypothesis and the alternative hypothesis. This paper puts forward some measures and suggestions to improve the performance of transportation enterprises. The results show that the "business reform and increase" has a significant impact on the performance of transportation enterprises, and the performance of transportation enterprises decreases after the implementation of the "business reform and increase" policy. Transportation enterprises should take effective measures to improve their performance and maintain sustainable development.
【学位授予单位】：武汉理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F812.42;F512.6

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