Research On The Current Situation And Effectiveness Of Financial Subsidies Of Listed Companies In Jiangsu Province

As a major economic province in my country,Jiangsu Province plays an important role in promoting economic development.In recent years,the scale and coverage of my country’s financial subsidies have been expanding,and the Jiangsu provincial government’s financial subsidies to enterprises have also continued to increase.Issues such as how to support the relevant policies of listed companies in Jiangsu Province,whether to achieve the goal of government subsidies,and how to further improve them still need to be further studied.On the basis of sorting out domestic and foreign literature,this paper adopts the method of combining qualitative and quantitative analysis,using the sample data of listed companies in Jiangsu Province and the local financial subsidy policy data in Jiangsu Province,focusing on the policy,implementation and subsidy effectiveness,respectively from the overall,The three aspects of industry differences and ownership differences are gradually researched.This paper firstly sorts out local financial subsidy policies in Jiangsu Province by hand.Secondly,by reading the annual reports of 479 listed companies in Jiangsu Province,it manually collects and sorts out the overall situation of financial subsidies,and makes a multi-angle statistical comparative analysis by subsidy item classification.Based on the analysis,use the data of each specific project subsidy in the current situation analysis to analyze the effect of financial subsidy,and finally find out the problem according to the previous research and put forward suggestions for optimizing financial subsidy.This paper finds that: First,local financial subsidies in Jiangsu Province have formed a subsidy system that includes direct industry subsidies,tax reductions,tax discounts,financial discounts,incentives,etc.,but there is no perfect subsidy fund management mechanism and subsidy effect evaluation mechanism.Second,from the overall status of financial subsidies,financial subsidies for listed companies in Jiangsu Province are close to full coverage,and financial subsidies have become an "inclusive" policy for listed companies in Jiangsu Province.In terms of industries and property rights,manufacturing and state-owned enterprises have more subsidies.Compared with the national listed companies,the proportion of enterprises enjoying subsidies among listed companies in Jiangsu Province is higher and the average value of subsidies is lower.Third,the content of financial subsidies for listed companies in Jiangsu Province is relatively focused.For example,information transmission,software and information technology service industries mainly receive subsidies for intangible assets due to industry characteristics.Fourth,the research on the effect of various types of financial subsidies shows that:(1)Generally speaking,financial subsidies have a small and negative effect on the overall business performance of listed companies in Jiangsu Province;(2)The impact of different types of subsidies on listed companies in Jiangsu Province There are differences;(3)Technology and innovation subsidies have a significant positive role in promoting the R&D investment of listed companies,manufacturing,state-owned and non-state-owned listed companies in Jiangsu Province,but the effects are different.On this basis,this paper summarizes the problems existing in the financial subsidies of listed companies in Jiangsu Province and puts forward countermeasures and suggestions to improve the incentive effect of financial subsidies.