摘要
本文基于2006~2020年中国A股上市企业数据,考察了地方财政政策支持对企业创新的影响。研究发现,企业所在行业获得地方财政政策支持可以有效提升企业创新数量和质量;偏重硬件项目制的政府补贴能够缓解企业融资约束,但对高技能人才的倾斜相对不足,导致仅促进了创新数量的增长;偏向市场激励的税收优惠则可以同时克服资本和劳动力要素约束的负面影响以提升企业创新质量。进一步研究发现,当企业本身获得政府创新要素倾斜较多或所处地区制度环境较不稳定时,政策支持分别发挥“锻长板”和“补短板”的创新效应。本文厘清了地方财政政策支持与企业创新的关系,为创新驱动发展政策优化提供了参考。
Based on the data of Chinese A-share listed enterprises from 2006 to 2020,this paper examines the impact of Local Fiscal Policy Support(LFPS)on enterprise innovation.The research finds that LFPS for industry can promote enterprise innovation quantity and quality significantly.The government subsidy that prefers hardware project can ease the financing constraint of enterprises,but it is relatively insufficient to highly skilled talents,so it can only promote quantity.Tax incentives biased towards market can overcome the negative impact of capital and labor constraints to improve quality.Further analysis shows that LFPS builds the long board when the enterprises themselves are access to more government innovation factors.Also,LFPS reinforces the weak board when the regional institutional environment is more unstable.This paper clarifies the relationship between LFPS and enterprise innovation,providing reference for the optimization of innovation-driven development policy.
作者
唐大鹏
于倩
TANG Dapeng;YU Qian(School of Accounting/China Internal Control Research Center,Dongbei University of Finance and Economics,Dalian 116025,China)
出处
《中南财经政法大学学报》
CSSCI
北大核心
2022年第2期64-77,共14页
Journal of Zhongnan University of Economics and Law
基金
国家自然科学基金青年项目“差异模式下社保基金市场化投资研究:风险测度方法与风险控制机制”(71602022)
国家社会科学基金项目一般项目“基于政府公信力视角的公共养老保险基金投资绩效评价及相关信息披露研究”(18BG1062)
辽宁省教育厅科学研究项目面上项目“公共教育投资、高等教育公共品配置与企业技术创新”(LJKR0450)。
关键词
地方财政政策支持
企业创新
政府补贴
税收优惠
资源要素配置
创新质量
Local Fiscal Policy Support
Enterprise Innovation
Government Subsidy
Tax Incentives
Factor Allocation Effect
Innovetion Quality