Correlation Study Of The Government Subsidies And Corporate Performance

With the continuous development of the society and growing environmentalproblem, The energy problem has become the focus of the government, and thegovernment’s support for the energy industry is increasing. However, the energyindustry’s development and performance under the government support is not positivegrowth trend, so the government subsidies can promote the growth of energy industryenterprise performance is worthy of further research.In the energy industry listed companies in our country as the background, thecomprehensive and in-depth discussion on Government subsidies and the relationshipbetween the corporate performance has been started.Begin with comprehensivereview of relevant research results at home and abroad, Conduct the thoroughresearch to the related concepts and theories, Then divide energy industry into newenergy industry and traditional energy industry,traditional energyindustry representative is the coal industry. Separate business performance in the riseand decline of enterprise to study government subsidies of the relationship betweencorporate performance and the energy industry, and then put forward the researchhypothesis. Second, Through data filtering, end up with136listed companies in2009-2013sample data, use scientific methods of mathematical statistics to explorethe government subsidies of the relationship between corporate performance and theenergy industry. Then get the following conclusions: the government subsidies andnew energy industry’s late earnings per share are significantly positivelyrelated, government subsidies and new energy industry’s late return on equity aresignificantly negative related, the government subsidies and coal industry’s lateearnings per share are significantly negative related, the government subsidies andcoal industry’s late return on equity are not related. Government subsidies’ influenceto new energy industry performance is more significant than coal industryperformance of listed companies. Government subsidies’ influence to new energyindustry listed companies in the rise is more significant than declining performance ofthe company. Therefore, government subsidies for the energy industry should focus on new energy industry, especially for performance in the rise. At last, in view of theresearch conclusion, put forward the corresponding countermeasures and Suggestions.The research deepens our understanding of the relationship between governmentsubsidies and the energy industry performance. And also provides the reference andreference value for the effectiveness of the energy enterprise subsidies supportpolicies.