减税降费、政府补助与民营企业技术创新

Tax and Fee Reduction, Government Subsidies and Technological Innovation of Private Enterprises

为研究减税降费和政府补助对民营企业技术创新的激励效果,文章选取沪深A股526家民营上市企业为研究对象,基于企业年龄、规模、区域分布等特征差异视角,以企业年龄为调节变量、研发投入为中介变量构建了有中介的调节变量模型。研究结果表明,减税降费对民营企业技术创新有较显著的促进作用,但企业年龄有负向调节作用;政府补助对东部沿海地区、大型民营企业的技术创新有促进作用,但对西部地区、中小型民营企业技术创新没有表现出应有的促进作用。

For studying the incentive effect of tax and fee reduction and government subsidies on private enterprises’ technological innovation, 526 private listed enterprises in Shanghai and Shenzhen A-shares were selected as research objects, and a model with mediated moderating variables was constructed with enterprise age as the moderating variable and research and development investment as the mediating variable, based on such different characteristics as enterprise age, size, and regional distribution. The results show that for private enterprises’ technological innovation, tax and fee reduction has a relatively significant promoting effect, while enterprise age has a negative moderating effect on it;that for enterprises in eastern coast and large private enterprises’ technological innovation, government subsidies have a promoting effect;that for enterprises in western China and small-and-medium-sized private enterprises, there is no due promotion.