Impact of Tax Incentive Policies on Corporate Financial Performance: Based on Data from Listed Companies from 2012-2016
DOI:
https://doi.org/10.54097/pankah05Keywords:
Tax Incentives, Financial Performance, Industry Characteristics, Ownership ConcentrationAbstract
In recent years, to promote the transformation and upgrading of enterprises and achieve high-quality economic development, China has continuously implemented tax incentive policies, which play an important role in stimulating enterprises to improve management capabilities and financial performance. This paper studies whether tax incentive policies affect the financial performance of enterprises. Based on previous literature, we select the financial data of A-share listed companies in the Cathay database from 2012 to 2016 as samples, considering companies with year-end tax rates below 25% as enjoying tax incentives. Using the model constructed in this paper for regression analysis, it is found that tax incentive policies indeed improve corporate financial performance. Due to industry characteristics and development differences, the promotion effect of tax incentive policies on corporate financial performance varies across industries, thereby providing policy suggestions for optimizing China's tax incentive policies and promoting corporate performance.
Downloads
References
Yu, S., Zhang, R., Jiang, S., Lv, J. (2016). The Impact of Tax Incentive Policies on Performance of Agricultural Listed Companies. Enterprise Technology Development, 35(02), 109+111.W.-K. Chen, Linear Networks and Systems (Book style). Belmont, CA: Wadsworth, 1993, pp. 123–135.
Xue, G., Zhang, D., Wang, W. (2019). The Incentive Effect of R&D Super Deduction Tax Incentives on Total Factor Productivity of Enterprises. Journal of Yunnan University of Finance and Economics, 35(08), 102-112.B. Smith, “An approach to graphs of linear forms (Unpublished work style),” unpublished.
Tang, H., Li, Y. (2020). Tax Incentives and Corporate Performance: The Moderating Effect of Business Environment and Corporate Nature. Taxation Research, (12), 115-121.
Cai, C., Tian, Y. (2017). Study on the Relationship between Property Rights, Tax Burden, and Corporate Financial Performance. Taxation Research, (06), 9-14.
Sun, Y. (2015). Empirical Study on the Impact of Tax Policies on Corporate Innovation Performance. Journal of Shanghai Economic and Management Cadres College, 13(04), 46-56.
Chen, L. (2022). Exploration of the Construction of Financial Performance Evaluation System in Enterprises. Modern Business, (33), 29-31.
Gao, P. (2022). The Impact of R&D Tax Incentives on Corporate Operating Performance. Shandong University of Finance and Economics, Dissertation.
Peng, F., Fan, Z. (2016). Tax Incentives, Donation Costs, and Corporate Donations. World Economy, 39(07), 144-167.
Gao, X., Zhang, X. (2020). Study on the Impact of Tax Incentives on Innovation Performance of New Energy Enterprises. Journal of China University of Petroleum (Social Sciences Edition), 36(06), 1-10.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
