财税激励政策、政府质量与企业技术创新

Finance and taxation policy motivation,government quality and technological innovation

创新是新常态下中国经济转型与升级的必然选择。本文考察了财税激励政策、政府质量对企业技术创新的影响机理,并以2006—2014年沪深上市公司为样本进行检验。研究发现,财税激励政策能够有效地促进企业技术创新,并且,相对于财政补贴,税收优惠对企业技术创新的激励效应更为显著。进一步,较低的政府质量明显抑制了财税政策对企业技术创新的激励效果,而且,相对于国有企业,这种抑制效应比非国有企业更加显著。本文研究表明,在加快创新驱动经济的转型升级过程中,要进一步优化财税政策工具和改善政府质量。

Innovation is the inevitable choice of China＇s economic transformation and upgrading in the new normal. This pa- per investigates the effect of the finance and taxation policy motivation, government quality on enterprise technology innovation mechanism,and empirically analyzes the effect by using the data on Chinese listed companies from 2006 to 2014. The results show that, the finance and taxation policy motivation can effectively promote the enterprise technology innovation. Compared with the fiscal subsides, the incentive effect of tax preference is more significant for the enterprise technology innovation. Further, the lower government quality significantly has inhibited the incentive effect of fiscal policy on the enterprise technology innovation. Moreover, compared with the state-owned enterprises, the suppression effect is more significant in the non-state owned enterpri- ses. This paper shows that,we should further optimize the fiscal and taxation policy tools and improve the quality of the govern- ment in the process of accelerating the transformation and upgrading of innovation driven economy.