“营改增”对高技术服务业企业投资的影响--基于准自然实验的证据  

The Impact Of“Replacing Business Tax with Value-Added Tax”on Investment in High-Tech Service Industry Enterprises——Evidence based on Quasi Natural Experiments

作　　者：李林红[1] 张旭 LI Lin-hong;ZHANG Xu(School of Management and Economics,Kunming University of Technology,Kunming,Yunnan 650050)

机构地区：[1]昆明理工大学管理与经济学院,云南昆明650050

出　　处：《江苏商论》2024年第5期114-116,137,共4页Jiangsu Commercial Forum

基　　金：国家自然科学基金项目:基于超网络的云南山地农业可持续发展研究(71463032)。

摘　　要：以中国A股市场高技术服务业企业2009—2016的数据为样本,本文采用多时点DID探究“营改增”这一准自然实验对高技术服务企业投资水平的影响。研究表明,“营改增”的实施对高技术服务企业投资水平具有显著的正向促进效应,这一结论经过PSM-DID以及更换被解释变量的稳健性检验后依然成立。研究结论证实了“营改增”的落地可以激励高技术服务企业投资水平的提升,为后续深入推进税收优惠改革提供了一定的参考。Based on the data of high-tech service industry enterprises in China's A-share market from 2009 to 2016,this article uses multi time point DID to explore the impact of the quasi natural experiment of“replacing business tax with value-added tax”on the investment level of high-tech service enterprises.Research has shown that the implementation of“replacing business tax with value-added tax”has a significant positive promoting effect on the investment level of high-tech service enterprises.This conclusion is still valid after PSM-DID and robustness testing by replacing the dependent variable.The research conclusion confirms that the implementation of“replacing business tax with value-added tax”can stimulate the improvement of investment level of high-tech service enterprises,providing a certain reference for further promoting tax preferential reform.

关 键 词：营改增 高技术服务业 企业投资 多时点did 

分 类 号：F812.42[经济管理—财政学] F719