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| Research on the Pluralistic Mechanism of the Influence of tax Preference on the Innovation Output of Enterprises. |
| Chen Yuezhuo |
| (School of Economics,Peking University,Beijing 100871,China) |
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Abstract In recent years,enterprise innovation has become one of the hot topics in academic circles,as an important factor affecting economic growth and technological progress.However,at present,there is relatively little research on the software that plays an important role in realizing technological breakthrough in China and innovative behavior of integrated circuit enterprises.Based on the data of Chinese A-share listed companies from 2006 to 2017,this paper focuses on the two national tax preferential policies for the software and integrated circuit industry in 2011,and makes an empirical study on the influence of double difference method on enterprise innovation output.The results show that the tax preferences plays a significant role in promoting the patent application for invention,but has no significant effect on the patent application for non-invention.Financing constraints will not only reduce the innovative output of enterprises,but also weaken the promoting effect of tax preferences on innovative output.The sub-sample study in this paper shows that tax preferences have different effects on different scales,property rights and regional enterprises,and tax preferences play a greater role in promoting the innovation output of large enterprises,state-owned enterprises and enterprises in the central and western regions.From the long-term impact of the preferential tax policy,the influence of the policy on the total patent application has a time lag,while the invention patent application has increased significantly in the year of the policy.This study will provide useful enlightenment for the relationship between tax preferential policies,financing constraints and enterprise innovation output.
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Received: 16 March 2020
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