政策激励与研发投入交互作用对创新绩效的影响  

Impact of high-tech innovation performance based on interaction of policy incentives and R&D investment

作　　者：李静怡[1] 王祯阳 武咸云[3] Li Jingyi;Wang Zhenyang;Wu Xianyun(Schoo of Public Finance and Taxation,Dongbei University of Finance and Economnics,Dalian 116025,Liaoning,China;School of Publie Finance and Tax,Central University of Finance and Economics,Beijing 102206,China;School of Management,Dalian Polytechnic University,Dalian 116034,Liaoning,China)

机构地区：[1]东北财经大学财政税务学院,辽宁大连116025 [2]中央财经大学财政税务学院,北京102206 [3]大连工业大学管理学院,辽宁大连116034

出　　处：《科研管理》2020年第5期99-110,共12页Science Research Management

基　　金：国家社会科学基金项目:“基于减税降费的地方财政压力测评与承压能力提升路径研究”(19BJY227,2019.06-2022.06);辽宁省教育厅人文社科一般项目:“税收优惠政策、企业技术创新投入与技术创新绩效影响机理研究”(LN2016YB021,2016.12-2019.12);辽宁省财政科研基金:“减税降费对辽宁财政经济影响及对策研究”(19B008,2019.06-2021.06)

摘　　要：本文研究了财税激励和研发投入交互作用下,企业创新绩效是否会受到影响。本文构建固定效应模型,选取西部地区59家上市高新技术企业2014-2018年的面板数据,以此检验财税政策支持、企业研发投入与企业创新绩效三者之间的关联。结果显示:从所有制和行业视角分析,税收优惠和财政补贴都通过研发投入这一中介变量对制造业企业的创新绩效产生显著影响,但享受税收优惠的民营企业,其研发投入对创新绩效的提升存在挤出效应。深入考察企业研发投入的作用路径,发现:税收优惠与企业费用化研发投入交互作用更加有利于提升企业创新绩效,而财政补贴与资本化研发投入相融后对创新绩效的提升也存在积极影响。最终本文根据以上研究结果,提出进一步合理运用财税政策来优化研发投入的作用路径,以提升企业创新绩效的建议。In order to consolidate the status of high-tech enterprises as the main body of innovation and enhance the ability of enterprises to invest in R&D, effective guidance of government policies is needed. According to the different stages of enterprise development, when the government provides policy supply and fiscal and tax support, the two policy tools are usually selectively used and effectively matched according to actual conditions. Under the premise that the market allocation of resources has played a decisive role, the role of China′s current fiscal and taxation policies in the process of enterprise innovation and development, as well as the effect of policy implementation has become the focus of general attention. Therefore, exploring the impact of government policy incentives and R&D investment on high-tech innovation performance is of great significance both in theory and in practice.Throughout the existing research, the theoretical analysis of the effective mechanism of policy incentives, of the input and output of technological innovation is still unclear. The role path, transformation form and destination of fiscal and taxation policies in innovation investment are not detailed and specific, and the problem that how interaction between policy incentives and R&D investment impact on high-tech innovation performance has not been fully resolved. Based on the previous studies, this paper puts forward three research hypotheses: Hypothesis 1: The enterprise R&D investment is an important factor affecting innovation performance. The higher the R&D investment level, the better the innovation performance improvement effect. Hypothesis 2: Tax incentives will weaken the contribution of R&D investment to corporate innovation performance. The more tax incentives enterprises enjoy, the level of R&D investment decreases but not increases, and the worse the effect of corporate innovation performance improvement. Hypothesis 3: Financial subsidies will enhance the incentive effect of R&D investment on corporate innovat

关 键 词：财税政策 资本化与费用化研发投入 创新绩效 

分 类 号：F276.44[经济管理—企业管理]