减税降费对农业企业研发投资的影响研究

Study on the effect of Tax and Fee Cuts Upon Enterprises’ R&D Investment

研发投资是企业创新的根源和关键,驱动创新的减税降费是否影响企业研发投资是值得学界关注的重要话题。本文以2009-2020年沪深A股农业上市公司为研究对象,实证检验了减税降费对企业研发投资的影响。研究结果表明,减税降费与农业企业研发投资的强度、持续性、自主性均存在U形关系;减税降费有效激励了农业企业研发投资的强度、持续性和自主性。本文从税收政策视角拓展了企业研发投资影响因素的研究范畴,为政策制定者完善减税降费政策提供了有益参考。

R&D investment is the origin and key of enterprises’ innovation. How tax and fee cuts driving innovation affect enterprises’ R&D investment is an important topic worthy of academic attention. This paper empirically tests the impact of tax and fee cuts on the enterprises’ R&D investment, using the data of Shanghai and Shenzhen Ashare agricultural listed companies from 2009 to 2020. The results show that there is significant U-shaped correlations between tax and fee cuts and the intensity, sustainability and autonomy of R&D investment;Tax and fee cuts have effectively stimulated intensity, sustainability and autonomy of enterprises’ R&D investment. This paper expands the research scope of influencing factors of enterprises’ R&D investment from the perspective of tax policy, and provides useful reference for policy makers to improve policies to cut taxes and fees.