Tax Burden,Financing Constraints and Operational Performance of Agricultural Enterprises
Agriculture-related enterprises are of great significance in promoting the development of the upstream and downstream industrial chain of agriculture,improving the supply quality of agricultural products,and enhancing the added value of agriculture.However,due to their weak quality and other characteristics,agriculture-related enterprises are facing greater internal and external financing pressure,which has a certain impact on their business performance.Fiscal and taxation support policies are an important guarantee for sustainable agricultural development.Taking the 2012-2022 panel data of A-share agricultural listed companies as samples,this paper analyzes the impact of such policies on the operating performance of the agricultural listed companies and the role of financing constraints from the perspective of tax burden.The results show that the overall tax burden and income tax burden have a significant negative correlation with the overall business performance of agricultural listed companies;There is no significant relationship between value-added tax burden and business performance. The overall tax burden affects business performance mainly through financing constraints.Therefore,it is suggested to expand the scope of agricultural tax preference,strengthen the intermediate link of the deduction chain of agricultural products,diversify the forms of agricultural tax preference,improve the pertinency and orientation of policies,reduce the financing constraints of agricultural listed companies,and thus promote the high-quality development of China's agricultural industry.
tax burdenfinancing constraintsoperational performance of agricultural enterprises
万方数据
维普
