The Impact of Joint Tax on Building and Land Sales on Financial Performance of Building Material and Construction Industry

• Main Authors: LEE, CHUNG-LUNG, 李忠龍
• Other Authors: WANG, JAN-CHUNG
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/37ekww

碩士 === 國立高雄科技大學 === 金融系 === 107 === This study uses the paired sample t-test and t-test and the Wilcoxon signed-rank test to compare whether the financial performance indicators of the building material and construction industry before and after the joint tax on building and land sales are significantly different, so as to check whether the implementation of the joint tax on building and land sales has a significant negative impact on the operating performance of the building material and construction industry. The empirical results can be summarized as follows: (1) The implementation of the joint tax on building and land sales has a significant negative impact on the profitability of all building material and construction industry samples, construction company sub-samples, large-size and small-size building material and construction industry sub-samples. (2) The negative effect of the implementation of the joint tax on building and land sales on the profitability of construction companies is greater than that of non-construction companies. (3) Compared with the small-size building material and construction industry sub-samples, the implementation of the joint tax on building and land sales has a significantly larger negative impact on the profitability of the large-size building material and construction industry sub-samples.