本文關(guān)鍵詞：政府補(bǔ)助影響因素及實(shí)施效果之實(shí)證研究　出處：《上海交通大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

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【摘要】：細(xì)看近年來我國上市公司的非經(jīng)常性損益明細(xì),不難發(fā)現(xiàn)上市公司從地方政府處獲得補(bǔ)助已經(jīng)成為一種普遍現(xiàn)象。政府補(bǔ)助的形式多種多樣,包括財(cái)政撥款、財(cái)政貼息以及稅收返還等方式。政府補(bǔ)助作為地方政府參與企業(yè)發(fā)展、調(diào)控本地經(jīng)濟(jì)的一種重要工具,已經(jīng)對(duì)資本市場產(chǎn)生了重要的影響。本文從會(huì)計(jì)學(xué)角度以中國A股上市公司為研究對(duì)象,對(duì)政府補(bǔ)助的影響因素及實(shí)施效果進(jìn)行實(shí)證研究,為政府評(píng)價(jià)財(cái)政資金使用效果、投資者了解公司實(shí)際經(jīng)營能力、監(jiān)管部門完善信息披露要求提供經(jīng)驗(yàn)數(shù)據(jù)和決策依據(jù)。本文在回顧了國內(nèi)外有關(guān)政府補(bǔ)助的動(dòng)機(jī)、影響因素以及實(shí)施效果的研究理論之后,選取新準(zhǔn)則實(shí)施后的2007年至2013年上海及深圳股票交易所上市的公司為樣本,首先從分年度、分行業(yè)、分地區(qū)三個(gè)角度對(duì)所有樣本公司所獲得的政府補(bǔ)助進(jìn)行了描述性統(tǒng)計(jì)分析。其次,本文提出了影響上市公司獲得政府補(bǔ)助的5個(gè)假設(shè)因素,包括:地方財(cái)政收入越多的地區(qū)給予當(dāng)?shù)厣鲜泄镜难a(bǔ)助力度越大;制造業(yè)、采礦業(yè)及交通運(yùn)輸、倉儲(chǔ)和郵政業(yè)這三個(gè)行業(yè)中的企業(yè)所取得的政府補(bǔ)助金額比其他行業(yè)更多;與政府政治關(guān)系越密切的上市公司越容易獲得政府補(bǔ)助;經(jīng)濟(jì)貢獻(xiàn)越大的上市公司所獲得的政府補(bǔ)助越多;上市公司短期償債能力越差,獲取的政府補(bǔ)助越多。并且通過建立多元線性回歸模型,對(duì)這5個(gè)影響因素進(jìn)行檢驗(yàn),得出對(duì)上市公司取得政府補(bǔ)助有著顯著影響的因素。接著,本文從盈余管理的角度,采用頻率分布法對(duì)所有樣本公司的凈資產(chǎn)收益率和扣除政府補(bǔ)助后的修正凈資產(chǎn)收益率進(jìn)行了比較,實(shí)證檢驗(yàn)政府補(bǔ)助對(duì)盈余管理的效果。最后,本文在總結(jié)實(shí)證研究結(jié)論的基礎(chǔ)上,從制度完善、信息披露、加強(qiáng)審計(jì)及監(jiān)管的角度提出了研究建議。
[Abstract]:Looking closely at the non-recurrent profit and loss of listed companies in China in recent years, it is not difficult to find that it has become a common phenomenon for listed companies to obtain subsidies from local governments. There are various forms of government subsidies, including financial allocations. Government subsidies are an important tool for local governments to participate in the development of enterprises and to regulate the local economy. From the perspective of accounting, this paper makes an empirical study on the influencing factors of government subsidy and the effect of the implementation of the government subsidy, taking Chinese A-share listed companies as the research object. For the government to evaluate the effectiveness of the use of financial funds, investors understand the actual business ability of the company. The regulatory authorities to improve information disclosure requirements to provide empirical data and decision-making basis. This article reviews the motivation of domestic and foreign government subsidies, influencing factors and implementation of the research theory. Selected from 2007 to 2013 after the implementation of the new standards listed companies in Shanghai and Shenzhen Stock Exchange as a sample, first from the year, by industry. This paper makes a descriptive statistical analysis of the government subsidies obtained by all sample companies from three regional perspectives. Secondly, this paper puts forward five hypothetical factors that affect the government subsidies of listed companies. Including: the greater the local financial revenue, the greater the subsidies to the local listed companies; Companies in manufacturing, mining and transportation, warehousing and postal services receive more government subsidies than other industries; The more closely related to government politics, the easier it is for listed companies to get government subsidies; The larger the economic contribution, the more government subsidies the listed companies get; The worse short-term solvency of listed companies, the more government subsidies. And through the establishment of multiple linear regression model, the five factors are tested. The factors that have a significant impact on the listed companies to obtain government subsidies. Then, this paper from the perspective of earnings management. Using the frequency distribution method to compare the net asset return rate of all sample companies and the revised net asset return rate after deducting the government subsidy, and empirically test the effect of government subsidy on earnings management. Finally. Based on the conclusion of empirical research, this paper puts forward some research suggestions from the aspects of system perfection, information disclosure, audit and supervision.
【學(xué)位授予單位】：上海交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F275;F832.51;F812.45

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