政府补助、税收优惠与企业创新产出

Government Subsidies, Tax Incentives, and Corporate Innovation Output

政府补助是促进企业创新产出的重要手段,但是实施效果却不尽相同。本文将政府补助、税收优惠与企业创新产出纳入同一研究框架,采用A股上市公司2015~2020年数据,实证分析了政府补贴与税收优惠对企业创新产出的影响及内在机理。研究表明,政府补助对企业的创新产出具有显著正向影响,税收优惠进一步促进政府补助对企业创新产出的正向影响。

Government subsidies are a crucial mechanism for enhancing corporate innovation output, yet their effectiveness varies. This paper integrates government subsidies, tax incentives, and corporate innovation output into a single research framework and employs data from A-share listed companies from 2015 to 2020 to empirically analyze the impact and underlying mechanisms of government subsidies and tax incentives on corporate innovation output. The findings indicate that government subsidies have a significant positive effect on corporate innovation output, and tax incentives further enhance the positive impact of government subsidies on innovation output.