Industrial Policies,Political And The Performance Change Of Enterprises

Development and transformation of the economic is one of the most challenging topics in modern economics.Although the market can allocate resources,such incentives are often ineffective,and the government should play an active role in this process.A large number of historical facts also show that in many advanced developed countries,government intervention has succeeded in stimulating economic development and transforming industries by other policies.The industrial policies promoted by China affect all aspects of the domestic industry.At the same time,the process of China’s economic transformation is also a process of building a political and business relationship.Constantly improving the relationship between the government and enterprises can promote regional economic development.This paper combines industrial policy,political and business relations,and studies its impact on corporate performance.This paper takes the non-financial enterprises listed on A-shares from 2006 to 2017 as the research object,and analyzes the impact of industrial policies on the government subsidies,long-term liabilities and actual tax rates obtained by enterprises from the national and provincial levels.Based on the political and business health,political and business innocence,and political and business close to the three political and business relationship index as a group standard,explore the difference between the higher index group and the lower index group,the impact of government subsidies on corporate performance.By arranging the term of the provincial party secretary,the relationship between the official position and the government subsidies of the company,and the impact of government subsidies on the company’s assets,income,and sales growth.Finally,it is an analysis of the BYD case.BYD has achieved rapid development under the strong support of the national new energy vehicle policy.However,after the introduction of the subsidy policy,it also exposed a number of problems.Through the research,the paper draws the following conclusions: 1.During the period from the 11 th to the 13 th,the industrial policy has a positive impact on the government subsidies obtained by the enterprise,and can effectively reduce the actual tax rate.2.During the period from the 11 th to the 15 th,the government subsidies and long-term loans obtained by the enterprises have a significant positive impact on the investment level of the enterprises,and in areas with superior political and business environment,this positive impact is greater.3.The term of the secretary of the provincial party committee has a cyclical impact on the government subsidies received by the company.It has a significant impact on the key time points of the first three years and the fifth year of the inauguration of the provincial party secretary.When grouping with the political and business closeness index The region with a high close index has a much higher periodicity than the region with close index;4.The government subsidies obtained by enterprises have a significant positive impact on the assets and income of enterprises,and are more obvious in areas with better political and business environment.The sales growth rate of enterprises has a negative impact,and the negative impact is greater in areas with good political and business environment.5.The case analysis of BYD shows that the industrial policy can drive The rapid development of industry in a short time to get,but if there is no policy support,the enterprise itself is difficult to maintain high-speed development.