“一带一路”建设中财税政策对企业创新投入的影响

The Influence of Fiscal and Tax Policies on Enterprise Investment in Innovation——from the“Belt and Road”Perspective

本文以2008-2017年我国18个省、市、自治区参与"一带一路"建设的A股上市公司为研究样本,实证检验"一带一路"建设中财税政策对企业创新投入的影响。研究发现,财税政策的实施有助于促进企业增加创新投入,而且"一带一路"建设后的财政补贴与税收优惠对企业创新投入的促进作用更加明显。同时,相比税收优惠政策,财政补贴政策对企业创新投入的促进作用更加显著。为更好地激励企业创新行为,政府应不断完善财税激励政策体系,加大财政补贴力度;切实保障企业创新投资后能公平地获得税收优惠,将财政补贴、税收政策与其他激励政策结合起来发挥最大的激励功效,以更好地促进企业创新的积极性。

Using data from some A-share listed companies participating in the"Belt and Road"construction in 18 provinces,municipalities,and autonomous regions as research samples,the author conducts an empirical test to study the impact of fiscal and taxation policies on corporate investment in innovation.The research finds that these policies are conducive to promoting enterprises to increase innovation investment.In particular,the financial subsidies and tax incentives implemented for the"Belt and Road"construction show more obvious stimulative effect.Compared with tax preferences,financial subsidies are more effective.To better stimulate innovation investmemt,the author suggests that our government improve the fiscal and tax system to effectively increase fiscal subsidies and make sure enterprises can get fair tax preferences.At the same time,we should also integrate fiscal subsidies,tax policies and other incentive policies to inspire enterprises"enshusiasm for innovation.