Impact of Financial Subsidies and Tax Benefits on Tibetan Listed Companies

Nan Sheng () and Chengyi Pu
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Nan Sheng: Tibet University, College of Finance and Economics
Chengyi Pu: Central University of Finance and Economics, School of Insurance

A chapter in Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022), 2023, pp 233-238 from Springer

Abstract: ABSTRACT Financial subsidies and tax incentives are powerful ways to alleviate financial constraints and reduce the cost of capital of enterprises, which help enterprises increase R & D investment and promote enterprise development. Through empirical analysis, this paper tests the effect of fiscal subsidies and tax incentives on the economic benefits of Listed Companies in the Tibet Autonomous Region, where economic development is relatively slow. The results show that: in the economic development of Listed Companies in the Tibet Autonomous Region, tax incentives and fiscal subsidies have an incentive effect on Enterprise development, and the effect of fiscal subsidies is more significant. Accordingly, we can give full play to the complementary role of financial subsidies and tax incentives, and the subsidy policy should be appropriately tilted to enterprises in the Tibet Autonomous Region to avoid the phenomenon of "elite capture". Promote the development of enterprises and stimulate the regional economy.

Keywords: financial subsidies; tax incentives; revitalization of Tibet (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-194-4_33

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DOI: 10.2991/978-94-6463-194-4_33

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