The Empirical Study About Excess Revenue Resource Of Listed Companies

Natural resources are the resource companies and the material foundation of social development for people directly or indirectly, to provide the necessary production and subsistence, but also through the provision of factors of production for the enterprise allowing companies to obtain benefits, a sustained, rapid development of important elements one.The traditional theory of economic growth to some extent, impact on our resource companies, mainly reflected in the value of the assets of resource compensation, compensation was inadequate, leading to the existence of excess profits. However, due to the presence system is not perfect, making resource companies alone occupy this part of the excess profits, and have not fully bear the compensation responsibility of resource assets. The liquidity of the assets but also makes capital accumulation in the resource companies, enterprises in order to pursue their own profits, over-exploitation of natural resources, resulting in optimal allocation of resources to reach the community more and more uneven distribution of benefits, increase the resource extraction area and the output gap between rich and poor areas, the environment and ecology are also adversely affected. In order to ensure rational distribution of profits to achieve sustainable development and utilization of natural resources and social prosperity, the value of resource assets must be reasonable compensation.In theory that has the earning power of resource assets, which we can infer the existence of resource extraction enterprises excess rate of return. In this paper, and other related research E1Serafy theory, the research hypothesis of this article, and use all of our 2005-2009 year 54 class A shares of mining companies listed on the sample data to an empirical study on the above issues. This excess profit from the two aspects are analyzed first, using paired sample test from the qualitative analysis of the whole existence of excess profits out of resource companies; Second, access to resources through data matching and non-listed companies listed company resources Based on the data to prove that there is excess profits resource companies. Empirical data show that: the benefits of resource extraction rate of more than companies in other industries, there is an average rate of return over social enterprise phenomenon; paired samples from the test run, its yield is still high, such as return on assets than non- resource companies by about 5 percentage points. Through qualitative and quantitative analysis based on the existence of excess profits derived resource companies, this article on resources tax reform system, resource revenue distribution model and resources to develop and improve accounting standards put forward some countermeasures and suggestions.