本文選題：“營改增” + 稅負(fù)轉(zhuǎn)嫁能力　； 參考：《中國工業(yè)經(jīng)濟(jì)》2017年06期

【摘要】：由于增值稅具有易于轉(zhuǎn)嫁的性質(zhì),企業(yè)能獲得的"營改增"政策紅利程度與其自身稅負(fù)轉(zhuǎn)嫁能力密切相關(guān)。本文首先基于新制度經(jīng)濟(jì)學(xué)中的交易費(fèi)用理論闡述了"營改增"對現(xiàn)金—現(xiàn)金流敏感性的作用機(jī)理,并以供應(yīng)商議價能力和客戶議價能力作為企業(yè)稅負(fù)轉(zhuǎn)嫁能力的衡量指標(biāo),通過公式推導(dǎo)分析了稅負(fù)轉(zhuǎn)嫁能力對"營改增"政策效應(yīng)的影響;其次基于現(xiàn)金來源與運(yùn)用的約束,采用系統(tǒng)方程考察了"營改增"的政策效應(yīng)以及稅負(fù)轉(zhuǎn)嫁能力對"營改增"政策效應(yīng)的影響;最后對不同產(chǎn)權(quán)性質(zhì)、不同行業(yè)類型企業(yè)的政策效應(yīng)差異進(jìn)行了研究。結(jié)果表明:"營改增"能有效降低企業(yè)的現(xiàn)金—現(xiàn)金流敏感性,改善企業(yè)現(xiàn)金持有狀況;稅負(fù)轉(zhuǎn)嫁能力會改變"營改增"對現(xiàn)金—現(xiàn)金流敏感性的政策效應(yīng),稅負(fù)轉(zhuǎn)嫁能力越強(qiáng),"營改增"政策效應(yīng)越強(qiáng);"營改增"的政策效應(yīng)及稅負(fù)轉(zhuǎn)嫁能力對政策效應(yīng)的影響在非國有企業(yè)和其他現(xiàn)代服務(wù)業(yè)企業(yè)中顯著;在考慮"營改增"對現(xiàn)金—現(xiàn)金流敏感性的影響時應(yīng)綜合考慮其他與現(xiàn)金流相關(guān)項(xiàng)目的作用。本文的研究結(jié)論為政府后續(xù)宏觀政策及時調(diào)整和補(bǔ)充提供了有效實(shí)證證據(jù)和結(jié)論。
[Abstract]:Because VAT is easy to pass on, the degree of policy dividend that enterprises can obtain is closely related to their ability to transfer tax burden. Based on the transaction cost theory in the new institutional economics, this paper first expounds the mechanism of the sensitivity of "business reform and increase" to cash-cash flow, and takes the bargaining power of suppliers and customers as the measure of corporate tax burden transfer ability. The influence of tax burden transfer ability on the policy effect of "camp reform and increase" is analyzed through formula derivation. Secondly, based on the constraints of cash source and application, The system equation is used to investigate the policy effect of "business reform and increase" and the influence of tax burden transfer ability on the policy effect of "business reform and increase". Finally, the differences of policy effect between different property rights and different types of enterprises are studied. The results show that "Operation change increase" can effectively reduce the cash flow sensitivity of enterprises, improve the cash holding status of enterprises, and the tax burden transfer ability will change the policy effect of "business reform increase" on cash-cash flow sensitivity. The stronger the tax burden transfer ability, the stronger the policy effect of "business reform and increase", the more significant the policy effect of "management reform increase" and the influence of tax burden transfer ability on policy effect in non-state-owned enterprises and other modern service enterprises. We should consider the effects of other cash-flow related items when we consider the effect of "adjustment increase" on cash-cash flow sensitivity. The conclusions of this paper provide effective empirical evidence and conclusions for the government to adjust and supplement the macro policy in time.
【作者單位】： 東南大學(xué)經(jīng)濟(jì)管理學(xué)院;
【基金】：江蘇省社會科學(xué)基金重點(diǎn)項(xiàng)目“降低江蘇實(shí)體經(jīng)濟(jì)企業(yè)創(chuàng)新成本的對策研究”(批準(zhǔn)號16EYA001) 江蘇高校哲學(xué)社會科學(xué)研究項(xiàng)目“多層委托代理視角下內(nèi)部資本市場配置效率研究”(批準(zhǔn)號2014SJD009)
【分類號】：F275.4;F812.42

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本文編號：1930413