减税降费、研发投入与企业经营绩效——来自创业板高新技术企业的经验证据  

Tax and fee reduction,R&D investment and business performance——Empirical evidence from high-tech enterprises in GEM

作　　者：陈立[1] 张科星 CHEN Li;ZHANG Kexing(Accounting School,Chongqing University of Technology,Chongqing 400054,China)

机构地区：[1]重庆理工大学会计学院,重庆400054

出　　处：《重庆理工大学学报（社会科学）》2023年第8期110-121,共12页Journal of Chongqing University of Technology（Social Science）

基　　金：教育部第一批产学合作协同育人项目“汽车制造与销售行业税收风险管控”(202002306013)。

摘　　要：我国高新技术企业作为创新活动的主力军,承担着经济高质量发展的重要责任。2020—2022年由于受到各种重大社会事件的影响,大多数中小型高新技术企业盈利能力严重下降,部分企业甚至破产倒闭,一定程度上影响了我国的创新发展。政府实施的减税降费政策能够使高新技术企业从生产端着手达到“降成本”的目的,激发企业活力,提高企业经营绩效。以创业板高新技术企业为研究对象,选取2017—2020年的面板数据,实证分析减税降费、研发投入与企业经营绩效之间的关系。研究发现:减税降费政策能够显著提高高新技术企业的经营绩效;减税政策能够增加高新技术企业的研发投入,降费政策能够节约高新技术企业的研发成本;研发投入在减税降费与企业经营绩效之间具有部分中介作用。Report to the 20th National Congress of the Communist Party of China points out that it is necessary to accelerate the implementation of the innovation-driven development strategy,achieve high-quality economic development,and accelerate the transformation and upgrading of the economy.As the main force of innovative activities,China’s high-tech enterprises bear an important responsibility of high-quality economic development.However,due to the impact of various major social events in 2020—2022,the profitability of most small and medium-sized high-tech enterprises has seriously declined,and some enterprises have even gone bankrupt,which has affected China’s innovation and development to some extent.Since 2018,China has implemented the inclusive tax and fee reduction policy,and then Report to the 20th National Congress of the Communist Party of China also mentions that the tax burden of small and medium-sized enterprises should be further reduced.Based on the overall economic situation,the policy of tax and fee reduction implemented by the government commits to long-term development,and fully stimulates the vitality of market players through tax reform,which can enable high-tech enterprises to achieve the goal of“reducing costs”from the production end,stimulate the vitality of enterprises,and thus improve their operating performance.However,whether China’s high-tech enterprises use the tax and fee reduction policy to increase their own innovation investment,and whether the tax and fee reduction policy can in return improve their operating performance by promoting the innovative investment of high-tech enterprises are two problems worthy of studying.Firstly,this paper introduces the background of tax and fee reduction policy.Then,the relationship between tax and fee reduction,R&D investment and enterprise performance is analyzed and the research hypothesis is put forward.Later,a theoretical model is established,and the high-tech enterprises in China’s Growth Enterprise Market from 2017 to 2020 are taken

关 键 词：减税降费 研发投入 企业经营绩效 中介作用 高新技术企业 

分 类 号：F812.42[经济管理—财政学]