Research On The Impact Of Occupational Pension On Financial Performance Of Listed Companies

With the aggravation of our aging society problem,from all walks of life with endowment pressure is more and more heavy,consists only of the basic old-age insurance social welfare has been unable to meet the needs of people in retirement level,the old-age insurance fund gap is also growing.At the same time,the enterprise annuity as supplementary pension insurance were high hopes,the enterprise annuity can not only improve the social security system,is the key means for enterprises to retain talent in the fierce competition,in this environment,the enterprises have established enterprise annuity system.But because of the present time is short,the enterprise annuity develops slowly in China,the enterprise annuity system effect is not very obvious.In addition,the decrease of enterprise annuity has increased the operating costs of enterprises to improve the financial performance of the enterprise,is to avoid the enterprise annuity system.Therefore,this paper attempts to explore the relationship between occupational pension and corporate financial performance on the basis of the current situation of China's enterprise annuity.This paper includes four parts,the first part of the background and significance of this paper,the basic structure of the framework are introduced,and the domestic and foreign literature review;the second part is the basic theory of China's current universal recognition of enterprise annuity and the financial performance of the theory,as the theoretical basis of this article the third part;the development status of China's Listed Companies in the enterprise annuity,respectively,from the industry distribution,asset size,geographical distribution of the status quo of China's listed companies to establish the enterprise annuity analysis;the fourth part through the analysis of normative and empirical analysis,and draws a preliminary conclusion by using the collected 155 listed companies in 2013-2015 a total of 465 data,it is proved that the establishment of enterprise annuity system and should not have a negative effect on the financial performance of the enterprise,on the contrary Also,can promote the long-term sustainable development of enterprises,but the relationship between the two by asset size,geographical distribution and industry distribution influence;finally,on the basis of the empirical conclusions,the further development of enterprise annuity in China and puts forward some suggestions.To sum up,this paper draws a conclusion that the investment of enterprise annuity has positive influence on the financial performance of the enterprise.Therefore,our country should improve the enterprise annuity from the legal level of relevant laws and regulations,reduce the enterprise annuity access threshold,from the enterprise,but also should pay attention to the role of enterprise annuity,combined with their own situation to strengthen the internal control of enterprise annuity.