税收激励与研发投入的关系研究——基于行业竞争的视角

A Study on the Relationship between Tax Incentives and R&D Investment:from the Perspective of Industrial Competition

关注税收激励与行业竞争对企业研发投入的作用机制、效果以及两者交互作用,利用2011～2015年A股工业企业上市公司的截面数据,实证检验税收激励和研发投入的关系及行业竞争对两者关系的调节作用。研究结果发现,企业实际所得税税收优惠能够显著激励企业研发投入,税收优惠力度越大,研发投入越高;研发投入在不同行业竞争水平下有显著差异,在中行业竞争水平下,企业研发投入最高;税收优惠激励研发投入的效果在不同行业竞争水平下有显著差异,在中行业竞争水平下,税收优惠对企业研发投入的激励效果最好。这为精准设计研发税收优惠政策、推动万众创新的战略实施提供了依据。

This paper tries to answer the questions of how tax incentives and industrial competition affect enterprises; R＆D respectively and interactively, which will provide basis for raising accurate tax incentive policies for R＆D. Using the cross-section data of A-share listed companies in industrial entellorises from 2011 to 2015, the author not only investigates the relationship between tax incentives and enterprises; R＆D investment, and industrial competition and entellorises＇ R＆D investment, but also focuses on exploring and quantizing the regulating effects of industrial competition on the relationship between tax incentives and enterprises＇ R＆D investment. Research results show that： the tax incentives can significantly encourage enterprises＇ R＆D investment; industrial competition has a significant impact on enterprises＇ R＆D investment, and the amount of enterprises＇ R＆D investment is the highest under middle-level industrial competition; industrial competition has a significant regulation effect on the relationship between tax incentives and enterprises ＇ R＆D investment, and tax incentives has the strongest promotional effect on enterprises＇ R＆D investment under middle-level industrial competition. Conclusion of this research not only provides a useful reference for utilizing tax incentives policies to promote quality and efficiency of Chinese economy, to upgrade and transfoml industry, but also provides useful reference for implementing strategies which can promote mass innovation.