财税激励政策对高精尖产业发展的效用研究  

Effects of Tax Incentives and Financial Subsidies in Developing“High-tech”Industries

作　　者：春雨童 王传生[1] 刘玉成 CHUN Yutong;WANG Chuansheng;LIU Yucheng(Capital University of Economic and Business,Beijing 100070;Nanjing University of Finance and Economics,Nanjing 210003)

机构地区：[1]首都经济贸易大学管理工程学院,北京100070 [2]南京财经大学国家重点实验室,江苏南京210003

出　　处：《首都经济贸易大学学报》2021年第3期25-38,共14页Journal of Capital University of Economics and Business

基　　金：北京市社会科学基金项目“减量发展背景下北京现代服务业高质量发展机制与实现路径研究”(20GLB028)。

摘　　要：发展“高精尖”产业是核心城市实现产业结构升级的关键战略。为此,北京市政府加强了以财政补贴和税收优惠为代表的相关财税激励政策。基于2007—2017年北京市“高精尖”产业上市公司数据,可以分析财政补贴和税收优惠政策对企业经营绩效的影响。结果显示:财税激励政策强度对企业营业收入增长率具有促进作用,但对企业生产率和净资产收益率产生了抑制作用;财政补贴和税收优惠政策对不同产业企业经营绩效的影响存在较大的异质性。Developing“high-tech”industries is one of the key strategies on optimizing and upgrading industrial structure.Beijing municipal government enhanced strength of the tax incentives and financial subsidies on“high-tech”industries.Based on the operation data of listed“high-tech”companies in Beijing from 2007 to 2017,this paper analyzes the operation effects of applying the tax incentives and financial subsidies.The credibility of results is tested by the generalized propensity score.The results of the study are as follows:Firstly,the current tax incentives and financial subsidies policies have positive effect on the operating income growth rate,but negative effect on the productivity and profitability of enterprises.Secondly,the effects of applying financial subsidies and tax incentives in different industries are highly heterogeneous.

关 键 词：“高精尖”产业 北京市 财政补贴 税收优惠 企业经营绩效 

分 类 号：F812.7[经济管理—财政学]