An Empirical Study on the Impact of Government Subsidies on the Financial Performance of Agricultural Listed Companies
- DOI
- 10.2991/aebmr.k.210319.102How to use a DOI?
- Keywords
- agriculture-related listed companies, company performance, government subsidies
- Abstract
The No. 1 Central Document has always focused on agriculture, and the government has made agriculture the top priority of its work. To a certain extent, listed agriculture-related companies represent the development of my country’s agricultural economy and lead the development of my country’s agricultural economy. Government subsidies are one of the important policy measures to promote industrial development. The amount of government subsidy funds paid by the Chinese government to various industries has been increasing year by year, which has effectively promoted the development of related industries. The policy effects of government subsidies have also been concerned by all sectors of society. This article selects agricultural-related listed companies among the 181 Shanghai and Shenzhen A-share listed companies from 2015 to 2019 as the research sample to empirically study the impact of government subsidies on corporate financial performance, and find that government subsidies can effectively improve corporate financial performance in the current period At the same time, government subsidies can also improve the financial performance of companies that are lagging behind. However, government subsidies related to income have a negative effect on corporate financial performance, and government subsidies related to assets have a positive effect on corporate financial performance. Based on this, this article puts forward suggestions for optimizing government subsidies.
- Copyright
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Min Qian AU - Keying Han PY - 2021 DA - 2021/03/22 TI - An Empirical Study on the Impact of Government Subsidies on the Financial Performance of Agricultural Listed Companies BT - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021) PB - Atlantis Press SP - 558 EP - 563 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210319.102 DO - 10.2991/aebmr.k.210319.102 ID - Qian2021 ER -