研发费用加计扣除政策对企业创新能力的影响

Impacts of R&D Deduction Policy on Enterprise Innovation Capability

通过梳理现有研究成果和理论分析,对研发费用加计扣除政策优惠强度、创新投入和企业创新绩效三者的关系作出假设,并以2016年披露了相关数据的189家高新技术认证企业为研究对象,对三者的关系进行研究,实证检验理论演绎的正确性。研究主要得到如下结论:加计扣除优惠强度可以显著提高企业创新绩效;创新投入中的资金投入强度对加计扣除优惠强度与企业价值的关系起到完全中介作用,而研发人员投入强度不能起到中介作用。

This paper makes a hypothesis on the relationship between the intensity of the policy of R＆D, the inno-vation input and the enterprise innovation performance by combing the existing research results and theoretical anal-ysis, then takes the data of 189 high and new technology certification enterprises which disclosed the relevant datain 2016 as objects to study the relationship between the three, testing the correctness of theoretical deduction. Themain conclusions are as follows： adding the deduction of preferential intensity can significantly improve the innova-tion performance of the enterprise, the investment intensity of the innovation input plays a complete intermediaryrole in the relationship between the deduction of the discount intensity and the value of the enterprise, while the in-tensity of R＆D personnel can not play an intermediary role.