تحقیق و توسعه و نوآوری شرکتی
ترجمه نشده

تحقیق و توسعه و نوآوری شرکتی

عنوان فارسی مقاله: اعتبارات مالیاتی تحقیق و توسعه و نوآوری شرکتی: شواهدی از چین
عنوان انگلیسی مقاله: R&D tax credits and firm innovation: Evidence from China
مجله/کنفرانس: پیش بینی فناورانه و تغییرات اجتماعی – Technological Forecasting and Social Change
رشته های تحصیلی مرتبط: مدیریت
گرایش های تحصیلی مرتبط: سیاست های تحقیق و توسعه، مدیریت نوآوری و فناوری
کلمات کلیدی فارسی: اعتبار مالیاتی، نوآوری، زمینه های سازمانی، چین
کلمات کلیدی انگلیسی: Tax credit، Innovation، Institutional contexts، China
نوع نگارش مقاله: مقاله پژوهشی (Research Article)
شناسه دیجیتال (DOI): https://doi.org/10.1016/j.techfore.2019.05.018
دانشگاه: School of Public Policy and Management, Tsinghua University, Beijing, China
صفحات مقاله انگلیسی: 9
ناشر: الزویر - Elsevier
نوع ارائه مقاله: ژورنال
نوع مقاله: ISI
سال انتشار مقاله: 2019
ایمپکت فاکتور: 4.852 در سال 2018
شاخص H_index: 93 در سال 2019
شاخص SJR: 1.422 در سال 2018
شناسه ISSN: 0040-1625
شاخص Quartile (چارک): Q1 در سال 2018
فرمت مقاله انگلیسی: PDF
وضعیت ترجمه: ترجمه نشده است
قیمت مقاله انگلیسی: رایگان
آیا این مقاله بیس است: بله
آیا این مقاله مدل مفهومی دارد: ندارد
آیا این مقاله پرسشنامه دارد: ندارد
آیا این مقاله متغیر دارد: دارد
کد محصول: E13370
رفرنس: دارای رفرنس در داخل متن و انتهای مقاله
فهرست مطالب (انگلیسی)

Abstract

1. Introduction

2. R&D tax credit and firm innovation

3. R&D tax credit in China

4. Data and variables

5. Empirical results

6. Robustness test

7. Conclusion

Acknowledgements

References

بخشی از مقاله (انگلیسی)

Abstract

Scholars currently have a limited understanding of the role of R&D tax credit in developing countries. To help fill this gap, this article examines the allocation logic and innovative consequences of R&D tax credit in China. Using a panel data set of listed companies in China from 2010 to 2012, we show that the local institutional contexts, such as government transparency, market development, and industrial policies, promote the allocation of R&D tax credit. The fiscal capacity of local governments constrains the implementation of tax credit policy. Furthermore, this article estimates the causal effect of R&D tax credit on firm innovation. We find that R&D tax credit significantly increases firms’ innovative input and output. The results are consistent and robust using various specifications. Yet the stimulation effect is heterogeneous across industries and scale. R&D tax credit only evidently promotes innovation in manufacturing firms and large firms.

Introduction

R&D tax credits and subsidies are two most popular instruments for governments to support R&D activities (Hall and Van Reenen, 2000). As a horizontal policy with market-oriented features (Czarnitzki et al., 2011), tax credit apparently calls more applause from the practitioners of advanced economies. However, the effectiveness of tax credits is not guaranteed in any institutional contexts. The institutional context is vital for innovation efficiency (Guan and Chen, 2012). Previous studies have mainly focused on developed economies, with little evidence offered for developing and emerging countries (Zúñiga-Vicente et al., 2014). For instance, research shows that R&D tax credits can stimulate firm innovation in OECD countries (Bloom et al., 2002), the United States (Paff, 2005; Wu, 2005), Japan (Kobayashi, 2014) and Canada (Czarnitzki et al., 2011). As tax administration plays a crucial role in effective state institutions (Bird and de Jantscher, 1992), developing countries face great challenges in the establishment of efficient and effective tax systems, and have a limited capacity of tax administration (Tanzi and Zee, 2000). Therefore, the impact of R&D tax credits on innovation investment and performance in developing countries are quite suspicious (Crespi et al., 2016). Developing countries may have distinct allocation mechanisms of R&D tax credits. As the biggest developing country, China provides an appropriate and unique setting for examining the allocation mechanisms and policy effectiveness of R&D tax credits. China has experienced a great boom in R&D input and output in the past decades. Despite the substantial market transition, the political institution in China is still centralized (Xu, 2011).