Small Board Listed Companies In Government Subsidies Impact On The Financial Performance

The small and medium-sized enterprises (SMEs )are the most active market economy, the most potential of the enterprise groups.Since the twenty century, the eighties, China's vigorous development of SMEs in the national economy plays an increasingly important strategic position. Small board listed companies are the representative of small and medium enterprises. The scale small and the growth value high characteristic have the huge attraction to the investor.And our government protects and promotes the development of SMEs through a variety of ways ,and improves their market Competitiveness, from the introduction of the "SME Promotion Law," to the introduction of small plates in the Shenzhen Stock Exchange. All of this show the country to promote the small and medium-sized enterprise development to take seriously fully. Meanwhile, the government also supports in the platelet To be listed through each kind of channel, and the public assistance is an important channel.In this paper, before the end of 2006 in Shenzhen the platelet going on the market 102 listed companies is the sample, 2007 - 2009 is the research period. Regarding the platelet To be listed's public assistance, the research public assistance to be listed works as time and later period finance achievements influence. This article with the subsidy rate weight public assistance level, with the factor analytic method appraisal in the platelet To be listed's financial achievements, then uses a Yuan linear regression model examination public assistance to the platelet To be listed finance achievements influence. The findings discovered: The public assistance was quite remarkable to the company credit capacity's influence, enhanced the company worked as the time the credit capacity, but this kind of promotion effectiveness did not have the continuity; The public assistance to the company works as the time profit ability and develop power's influence is not remarkable, but is helpful to the loss company later period the develop power promotion; The public assistance has the negative effect to the operation ability, more is the profit company, later period's negative effect is deeper. Meanwhile ,this paper has carried on the discussion to the findings, proposes the rationalization proposal, promotes our country Small and medium-sized enterprise long-term development by the time.