文化产业财政补贴绩效评价及影响因素研究——基于上市公司的实证分析

A Study on the Performance Evaluation and Factors of Local Government Cultural Subsidy Based on the Empirical Analysis of the Listed Companies

中国现行财政制度下,地方政府每年都会对文化传媒上市企业进行大量财政补贴。通过2008~2013年中国文化传媒上市企业的财务和外部制度环境的相关数据,分析政府财政补贴对文化传媒上市企业经营绩效的影响,实证结果显示地方财政补贴能够促进上市企业的经营绩效的提升,但贡献度不大。然后,从企业规模、利润、财政分权、非市场化等变量进一步考察了影响地方政府财政补贴的因素,研究发现企业自身情况、制度环境对地方政府财政补贴规模影响显著。

Under China's existing fiscal system ,local governments grant a large financial subsidy to the cultural listed enterprises every year .Based on the relevant data of business accounting and system envi‐ronment during the year 2008~2013 ,w e analyzed the effect of the local government financial subsidies on the listed enterprise performance ,and found that the subsidies can promote their performance but with lit‐tle contribution .We also analyzed the factors influencing financial subsidies such as enterprise scale ,prof‐its ,fiscal decentralization ,and non‐marketization ,and found that enterprise efficiency and system environ‐ment have significant impacts on the size of local government financial subsidy .