The Impact of Government Subsidies on Business Performance Based on the Experience Data of China's GEM Listed Companies

摘要

In today's society, the Chinese government provides subsidized funds to listed companies for different motivations and reasons, and the theoretical research on the performance of the use of government subsidized funds is not comprehensive enough, and the conclusions are inconsistent. In order to reveal the performance and effectiveness of government subsidies for listed companies in China, this paper classifies the company's operating performance from two perspectives of financial performance and non-financial performance, based on the empirical data of China's GEM listed companies from 2012 to 2016.