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| Finance and Taxation Support, High-tech Identification and Family Firm Independent Innovation |
| Wan Yuanxing1,Xu Yongbin1,Xu Wenhan2 |
| (1.School of Accounting，Zhejiang Gongshang University，Hangzhou 310018，China;2.School of Accounting, Nanjing Audit University，Nanjing 211815，China) |
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Abstract Chinese family firms have the problems of lacking innovation incentives and research investment.Based on A-share listed family high-tech firms during 2008-2017, this paper analyzes the effect of high-tech identification on family firms' independent innovation by the perspective of finance and taxation support. The study shows that firm technological innovation efficiency is stimulated by high-tech identification policy, while the stimulation is strengthened by finance and taxation support. Furthermore, the policy effect of Finance and Taxation support is clustered in the first-trail of high-tech identification, and it’s more significant in the firms which have a higher financial constraint, lower political connections, lower intellectual property rights or is outside the high-tech development zone. provides suggestions for improving industry policies and finance and taxation support.This study provides suggestions for finance and taxation support.
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Received: 08 October 2019
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