补贴政策对我国农业类上市公司成长性的影响研究——基于面板数据模型的实证分析

Subsidy Policies Affecting the Agricultural Listed Companies in China—Empirical Analysis Based on Panel Data Model

根据2007～2013年我国农业上市公司财务数据,运用主成分分析法筛选提取控制变量,利用面板数据模型探索税收及收入补贴对农业上市公司成长性的影响.结果表明,税收补贴于公司成长性影响显著;收入补贴于上市公司成长性影响不显著,且对公司成长性发展水平存在负效应.政府应当减少对于农业上市公司的直接帮扶,鼓励引导企业挖掘自身潜力,不断提高自我发展水平.

According to the financial data of the agricultural listed companies from 2007 to 2013, using principal component analysis （PCA） to extract control variables and using the panel data model as the research method, tax subsidies and income subsidies＇ influence on the growth of agricultural listed companies were studied. The results confirm that tax subsidies have significantly influence on growth of listed companies, but income support for the listed company eamings impact is not significant and it is even not conducive to the growth of the enterprise. Admitting that government subsidy can help to increase the current profits, it hinders the enterprises to improve in the long term. The government should reduce direct support for agricultural listed companies, encourage enterprises to make their own efforts for survival.