Research On The Impact Of Chinese Enterprise Annuity On Corporate Performance

In the next few decades,China will always be in an aging society.“Being rich and getting old” has become China's reality.China's social security system is facing enormous challenges.The reform of the old-age security system has become a backdrop in this context.Hot issues at home and abroad.The enterprise annuity system can alleviate the financial payment pressure of the basic endowment insurance from the macro level,and at the micro level,it can enhance the performance of the enterprise by protecting the elderly life of the employees and stimulating the employees.However,most Chinese enterprises regard enterprise annuity payment as a cost expenditure,and the motivation to develop enterprise annuity system is insufficient.Therefore,in the context of population aging,this paper analyzes the motivation and benefits of establishing enterprise annuity through theoretical analysis.Based on the financial data of listed companies,this paper analyzes the impact of enterprise annuity on corporate performance through empirical research,and proposes policy recommendations for the obstacles to the development of enterprise annuity system in China.The first chapter is the introduction.It introduces the research background,the significance of the topic,the research content,the research framework and the research methods.It summarizes and summarizes the literature review of the enterprise annuity,enterprise performance and the relationship between the two,and the literature review The analysis presents the innovations and shortcomings of this paper.The second chapter is the research significance and theoretical basis analysis of this paper.Through the definition of the related categories of enterprise annuity and enterprise performance,this paper puts forward the significance of studying the impact of enterprise annuity on corporate performance,and proposes the development and evolution of Chinese enterprise annuity.The development status of China's enterprise annuity,the obstacles that hinder its healthy development,and the problems in the operation and management of enterprise annuity.The third chapter is the theoretical analysis part of enterprise annuity to enterprise performance.It mainly studies the development status and dilemma of enterprise annuity in China,sorts out various problems in enterprise annuity operation management,traces the development process of enterprise annuity,and analyzes Some obstacles to the development of Chinese enterprise annuity system.Through the motivation analysis and comprehensive income analysis,the hypothesis that there is a positive correlation between enterprise annuity and company performance is proposed,and this hypothesis is verified by the empirical study in Chapter 4.The fourth chapter is the empirical analysis of enterprise annuity on corporate performance.This paper assumes that the enterprise development enterprise annuity system will have a positive impact on the performance of the enterprise.The asset size is selected as the control variable,the annuity payment is used as the independent variable,and the enterprise profit is used as the dependent variable to make a qualitative analysis of enterprises in different regions,different industries and different enterprise types.The analysis found that the development of enterprise annuity in China is rapid,but most of the enterprises that establish enterprise annuity system are distributed in areas with high economic development,and most of them are mainly state-owned enterprises.In the quantitative analysis,the linear regression analysis of the cross-section data of 403 data at the end of 2016 is first carried out.Next,this paper makes a total data regression analysis of 392 panel data of 56 companies from 2007 to 2016.Finally,this paper Five data of state-owned manufacturing enterprises with similar asset scales were selected.After unit root test and cointegration test,the panel data regression analysis was carried out by industry.Finally,we obtained a positive correlation between enterprise annuity and corporate performance growth.in conclusion.The fifth part summarizes the full text and proposes policy recommendations for the inadequacies of China's enterprise annuity system.However,limited by the information disclosure of the enterprise annuity system,this paper mainly uses the data of listed companies between 2007 and 2016.On the one hand,there is no research on non-listed companies.On the other hand,the data in the decade may not be sufficient.Affect the accuracy of the empirical test.When selecting indicators,this paper only considers the financial aspect,and does not consider other performance indicators caused by the social image of the enterprise,such as employee turnover rate,employee performance and other factors.In the future research,indirect research can be adopted in the selection of methods and ideas.Method to supplement.In the selection of the model,this paper has carried out regression analysis on the cross-section data,the overall panel data and the panel data of the sub-industry.However,the growth of corporate profits may be a multi-faceted factor,but this paper only selects the asset size as the only control variable.To a certain extent,it will affect the accuracy of the regression.In addition,corporate annuity contributions and corporate profits may also be mutually causal,and research in this area is believed to be more fully explained as data is accumulated.This paper is carried out under the background of management,accounting and insurance,and further analyzes the development status of China's enterprise annuity system by updating relevant data in the field of enterprise annuity.Secondly,based on the existing theory,this paper makes a multi-angle analysis of the obstacles facing the development of the current enterprise annuity system,and finds an enterprise annuity plan that is in line with China's actual national conditions.Through theoretical research,it is learned that enterprise annuity can have a positive impact on the performance and development of enterprises by saving corporate salary costs,improving enterprise human resource management,and retaining outstanding talents.Finally,after learning from foreign advanced experience,this paper combines the enterprise annuity data of listed companies to construct a regression equation to test the positive correlation between enterprise annuity and corporate performance.Through the correlation analysis between enterprise annuity payment and company net profit,this paper obtains the enterprise.A highly positive correlation between annuity contributions and corporate net profit.Through the collected data,we find that our corporate annuity is still in rapid development,but there is a problem of uneven distribution.Therefore,China should encourage and develop enterprise annuities at the policy and legal levels,increase publicity,promote industrial upgrading and cultural construction,improve the basic endowment insurance system as soon as possible,enrich the tax incentives for enterprise annuities,supporting legal policies and internal operation management mechanisms..Enterprises should also pay attention to the positive effect of corporate annuity on corporate performance.In particular,SMEs should be aware of the importance of the enterprise annuity system for stabilizing the workforce and actively carry out related work on corporate annuities.