The Impact Of Financial Subsidy And Tax Preference On Enterprise Value

The agricultural industry, as the foundation of the national economy, plays an important role in the process of economic operation. Since the reform and opening up,the state has continuously strengthened its investment in agriculture and introduced a series of relevant policy documents to support the development of agricultural industry.In recent years, the main body of the central document on the 1st year is focused on agriculture, agriculture,agriculture,agriculture, agriculture, tourism, agriculture,tourism, agriculture, tourism The agricultural listed enterprises as the representative of the advanced productive forces of agriculture, its development has an important impact on China's economic development, but due to the inherent characteristics of the agricultural industry, short-term characteristics of its resistance to risk is weaker than other industries. In view of this, the state through the agricultural enterprises to support policies and funds in order to enhance the competitiveness of agricultural enterprises to promote the healthy development of agricultural enterprises, thereby enhancing the value of agricultural enterprises. Among the policies introduced by the government,fiscal subsidies and tax incentives are the most common. On the financial subsidies,the impact of tax incentives on the value of agricultural enterprises, in the specific implementation process which needs to improve the problem, it is worth to explore the study.In this paper, the financial subsidies and tax incentives for the analysis of the impact of corporate value as a research topic to the agricultural listed companies as a research sample to the agricultural listed companies operating performance as the enterprise value evaluation criteria, the use of STATA software for empirical model processing, empirical results Financial subsidies and tax incentives on the value of agricultural enterprises, how to analyze the shortcomings of the policy in the implementation process, and give relevant policy recommendations so as to help to formulate better policies for beneficiaries.Based on the analysis of the empirical results, the following conclusions are drawn: 1.The financial subsidy policies increase the value of the agricultural enterprises, and have a positive correlation. 2.The agricultural listed enterprises in different regions have the different sensitivity to the policy. The financial subsidies on the central and western regions of the role of agricultural enterprises is higher, and tax incentives on the eastern region of the impact of agricultural enterprises is more significant. Therefore, the government should improve the policy support mechanism,change the way of support in order to make the effect of the policy more effective, and truly promote the transformation and upgrading of agricultural enterprises to enhance the core competitiveness of agricultural enterprises .