中国上市公司资产规模对其罚没支出负担的影响分析——基于政府利益最大化的研究视角

Analysis of the Influence of Scale of Assets on Penalty Cost of Chinese Listed Corporations: A Research from the Perspective of Government Based on Utility Maximization

以2013年中国所有上市公司相关财务指标的横截面数据为研究对象,研究中国上市公司资产总规模大小对其罚没支出负担的影响水平,结果显示:在中国各地区间"为增长而竞争"压力及各级地方政府财力严重不足的宏观经济环境下,各上司公司总资产规模大小对其所负担的罚没支出比重具有较为明显的影响。凡企业总资产规模较大的上市公司,其所负担的罚没支出比重相对较低;而企业总资产规模较小的上市公司,其罚没支出负担比重则相对较高。

With the cross-sectional data from the financial reports of Chinese listed corporations in 2013 as the research object,this paper does some research on the influence of the scale of assets on penalty cost of the listed corporations of China.The research finds that under the macro-economic environment of＂competition for the growth＂and the deficit of the fiscal revenue of local governments,the scale of assets of listed corporations has obvious influence on penalty cost. The larger the scale of asset is,the less penalty cost is. The smaller the scale of asset is,the more burden of penalty cost is.