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Study On The Influence Of Finance And Taxation Support On The Performance Of Agricultural Enterprises

Posted on:2020-01-02Degree:MasterType:Thesis
Country:ChinaCandidate:Z S YanFull Text:PDF
GTID:2439330596480390Subject:Public Finance
Abstract/Summary:PDF Full Text Request
Agricultural enterprises lead the development of China's agricultural productivity and guide the direction of sustainable agriculture.In order to encourage the development of agricultural industrialization,the government implements fiscal and taxation subsidy policies and supports agricultural enterprises to encourage agricultural enterprises to expand their scale.Although the government has increased its support,the production and operation of agricultural enterprises and their profitability have not increased significantly.Whether the fiscal and taxation subsidy policy promotes the development of agricultural enterprises becomes unknown.The agricultural enterprise performance in this paper refers to the degree of utilization of production factors by agricultural enterprises,which can intuitively reflect the comprehensive management ability and management level of the enterprise.Summarizing the research results of previous related literatures,it is found that the research content of most of the literatures is mainly the relationship between fiscal and taxation subsidies and corporate value,while the direct research on the impact of financial subsidies and tax incentives on business performance is less.Therefore,this article stands on the standpoint of agricultural enterprises,deeply analyzes the relationship between agricultural enterprises' financial and tax subsidies and business performance,and through the empirical research on agricultural listed enterprises,examines the effect of China's fiscal and taxation subsidy policies for agricultural enterprises,and The existing problems put forward suggestions for improvement,re-adjust the implementation structure of fiscal and tax support policies,and strive to serve as a reference for the improvement of agricultural enterprises' business performance.This paper collects and compiles the actual operating data of A-share listed companies in the period from 2012 to 2017.Taking the analysis results as an example,it comprehensively analyzes the relationship between China's financial subsidies and tax incentives and agricultural business performance.The research mainly proceeds from the following aspects: Firstly,it briefly expounds the theoretical basis of the preferential policies and financial subsidies provided by the state to agricultural enterprises,and analyzes the current situation of the specific situation of agricultural listed enterprises receiving state financial and tax support in the past six years,and The business performance of the company is compared.After that,the author used the data envelopment analysis method to calculate the agricultural enterprise's business performance,and briefly analyzed the value.Finally,combined with the stochastic effect multivariate analysis method,the relationship between financial subsidies and tax preferential policies and agricultural enterprise operating performance is studied separately.It is concluded that although financial subsidies promote the performance of agricultural enterprises to a certain extent,their effects on the performance of agricultural enterprises are far less than the effects of tax incentives.In addition,the increase in the R&D investment of agribusiness is the best for its business performance,and there is still a certain rent-seeking phenomenon in the agribusiness.The above empirical results show that the government should re-adjust the fiscal and taxation subsidy policy for agricultural enterprises,shift the policy focus to tax incentives,and promote the investment in scientific and technological innovation of agricultural enterprises.At the same time,the government should also establish a subsidy fund supervision mechanism,adjust the subsidy system to eliminate rent-seeking behavior,and ensure that subsidy funds are used for enterprise construction.Enterprises should make rational use of state financial and tax subsidies,use financial subsidies to improve the level of production technology innovation,and enhance the performance of agricultural enterprises to help them achieve sustainabl e development.
Keywords/Search Tags:Agricultural listed companies, Fiscal subsidies, Preferential tax policies, business performance
PDF Full Text Request
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