财税补贴政策对农业公司经营绩效影响的实证分析——以西部农业上市公司为例

运用2001—2009年的西部12个省(市、区)的22家农业上市公司的非平衡面板数据,本文对财税补贴政策对西部农业上市公司的经营绩效进行了实证分析。结果表明,财税补贴政策对西部农业上市公司的盈利能力影响较深,且覆盖面较广。但所得税优惠政策并未有效提升企业的经营绩效,从而导致该项政策缺乏效率;财政补贴收入政策对企业成长能力有一定促进作用,但不具有持续性,同时该项政策造成政府的隐性担保的存在,提高了企业的举债能力。

Effect of Governmental Subsidies and Preferential Tax Policies on the Operating Performance of Listed Agricultural Companies from the West

By using the sample of 22 listed companies of agriculture from the West on an unbalanced data,we made an analysis of subsidies and preferential tax policies on operating performance.The result implicated that subsidies and preferential tax policies have affected in the profit of the listed companies of agriculture from the West and the wider coverage.But the preferential tax policies have not impove the operating performance of these firms,which made the polices ineffective;and the subsidies policies can ac...