本文基于企业融资约束的问题,以营改增政策的实施为背景,通过对上市建筑企业的财务数据设计变量、建立模型,进行统计分析,分析得出营改增政策可以缓解建筑施工企业融资约束问题的结论。 Based on the problem of corporate financing constraints and the implementation of the policy of VAT reform, the author designs the variables of the financial data of listed companies, establishes the model and conducts the statistical analysis. It concludes that the policy of increasing VAT revenues can ease the financing constraint of construction enterprises The conclusion of the question.