资源税改革对煤炭企业经营绩效的研究

Analysis on the influence of resource tax reform on enterprise performance in coal enterprises

煤炭资源税改革自2014年12月1日起正式在中国拉开帷幕。而资源税改革不可避免地会对煤炭行业产生重大冲击,煤炭企业的经营绩效受其影响也会发生变化。文中依据目前现有的绩效评价理论,在研究资源税改革和煤炭上市企业之间相关关系的基础上,总结出资源税改革对煤炭企业经营绩效的影响程度。研究主要收集了中国煤炭上市公司2013年到2015年3年的财务报表数据,选择出能够体现煤炭上市公司经营绩效的财务指标,并对其进行因子分析,建立回归模型。分析表明资源税改革对煤炭企业的速动比率、应收账款周转率影响不大,对煤炭企业的营业收入同比增长率和净资产收益率影响显著的分结论。但总体来看,从2014年底至2015年底,资源税改革对煤炭企业整体的经营绩效有影响,但显著性不强。

A unified coal resource tax reform has officially started in China since December 1,2014. The resource tax reform will inevitably have a significant impact on the coal industry,and coal enterprises operating performance is affected by changes. By means of the existing performance evaluation theory,this paper summarizes the impact of resource tax reform on coal enterprises operating performance based on the research of the relationship between resource tax reform and coal listed companies. We study the main financial data of Chinese coal listed companies from 2013 to 2015,select the financial indicators reflecting the operating performance of listed coal companies,carry out factor analysis on the relevant financial indexes,and build the regression model. The analysis shows that the resource tax reform has little effect on both the rate of the coal enterprises and the rate of accounts receivable turnover,and its impact on the coal enterprises operating income and net assets is significant. But overall,from the end of 2014 to the end of 2015,resource tax reform has an impact on the overall operating performance of coal enterprises,but not significantly.