纳税信用评级制度对企业技术创新的影响

The Impact of Tax-Paying Credit Rating System on Enterprise Technology Innovation

基于纯手工收集整理的上市企业纳税信用评级数据和2014-2016年A股上市企业数据,本文分析了纳税信用评级结果为A对企业技术创新的具体效应及影响机制。研究表明,纳税信用评级结果为A对企业创新产出和创新效率均具有显著的促进效应,且这一效应在地区税收征管力度较差地区更加明显。稳健性检验、倾向得分匹配回归和工具变量回归证明这一结论是可信的。机制研究表明,纳税信用评级结果为A可以通过外源融资机制、营销机制和公司治理机制等渠道促进企业技术创新。本文的研究结果在一定程度上拓展了税收征管和企业技术创新相关研究,也为创新政府对微观企业的管理方式,注重发挥税收征管治理作用提供了重要的政策借鉴。

Based on the self-collected tax-paying credit rating data of listed companies and the data of A-share listed companies from 2014 to 2016,this paper analyzes the specific effects and impact mechanism of tax-paying credit rating results on enterprise technology innovation.The research shows that the A result of tax-paying credit rating has a significant role in promoting the innovation output and innovation efficiency of enterprises,and this effect is more obvious in areas with poor regional tax enforcement.Robustness testing,propensity score matching regression,and instrumental variable regression prove that this conclusion is credible.The mechanism research shows that the A result of tax-paying credit rating can promote technology innovation through channels such as external financing mechanism,marketing mechanism and corporate governance mechanism.The research results of this paper have expanded the research on tax enforcement and enterprise innovation to a certain extent,and also provided important policy references for innovative government management of micro-enterprises and focusing on the role of tax enforcement.