A Study On The Effect Of Fiscal Subsidy Of Listed Companies In Guangxi

Fiscal subsidy plays an important role in fiscal policy,and it is an important means to adjust the national economy and social development through the intervention of the income distribution.Under the guidance of modern economic theory,it is a very common behavior for the government to subsidize the enterprises all over the world.Throughout our government's financial subsidies to enterprises,regardless of size or structure,all reflect the government to improve their ability to develop their own business to enhance the performance of the policy intent.However,the effectiveness of the government's financial subsidies is significant,from the perspective of the government,the financial subsidies received from the perspective of the enterprise,found that the situation is different.To some extent,domestic scholars are still not enough to study the efficiency of government subsidies to enterprises,and most of them still remain at the theoretical level.In recent years,many provinces in China have taken measures to reduce the financial subsidies to enterprises.In order to find out the reason of this phenomenon,and to better implement the policy of fiscal subsidy,it is necessary to study the efficiency of financial subsidy.In this paper,the current situation of domestic current of listed companies based on financial subsidies from key government subsidies,through the analysis of the status of Listed Companies in Guangxi financial subsidies,the establishment of panel data model for empirical research,and put forward practical policy recommendations according to the empirical results,has practical meaning and theoretical guidance.This paper is divided into five parts:the first chapter is the introduction of the full text.This paper mainly introduces the background and significance,put forward to solve the problem,by reading and analyzing the related theory and literature related scholars fiscal subsidies,the formation of domestic and international literature review,and briefly introduces the main research methods and framework.The second chapter is the theoretical basis of this paper.It is divided into three parts:the theoretical understanding of financial subsidies,the theoretical basis of government financial subsidies and the government's motivation to the financial subsidies of listed companies.The third chapter describes the present situation of Guangxi listed companies' financial subsidies.This paper mainly analyzes the present situation of the financial subsidy policy of listed companies from the Guangxi government and the present situation of the listed companies in Guangxi.The fourth chapter is the empirical analysis of the efficiency of financial subsidies of Guangxi listed companies.In 2011-2015 Guangxi district received government subsidies listed companies as the research object,according to the annual financial statements of listed companies to sort out the data,put forward the research hypothesis,regression analysis,the conclusion is that the government of Guangxi to the listed company's financial subsidies significantly enhance the development ability of the operating performance of listed companies and their own the.The fifth chapter is the conclusions and policy recommendations.The results show that the current Guangxi government to corporate financial subsidy problem reflected in financial subsidies to industry uneven distribution of financial subsidies;the unbalanced regional distribution of financial subsidies;the relative size and absolute growth in the size of the listed company;financial subsidy policy is not comprehensive enough.In this regard,should in the future work,enrich and improve the listed company financial subsidy policy;the reasonable control of the size of listed companies financial subsidies;the balance of Listed Companies in different areas of financial subsidies;reducing the gap between the listed company financial subsidies.