增值税留抵退税对企业绿色技术创新的激励效应  

The Incentive Effect of VAT Rebate on Green Technology Innovation in Enterprises

作　　者：刘畅 张念明[2] LIU Chang;ZHANG Nianming(Tianjin University of Finance and Economics,School of Public Finance and Administration,Tianjin 300222,China;Shandong Academy of Social Sciences,Economics Institute,Jinan 250000,China)

机构地区：[1]天津财经大学财税与公共管理学院,天津300222 [2]山东社会科学院经济研究所,山东济南250002

出　　处：《中南财经政法大学学报》2024年第3期57-69,共13页Journal of Zhongnan University of Economics and Law

基　　金：国家社会科学基金一般项目“高质量发展视域下的中国直接税间接税体系改革研究”(21BJY076);山东省“泰山学者”专项经费资助项目。

摘　　要：绿色技术创新已成为推动我国经济实现绿色转型和高质量发展的重要引擎。本文以增值税留抵退税政策的实施为切入点,基于2010—2019年沪深A股上市公司的财务数据,采用双重差分方法,探讨增值税留抵退税政策对企业绿色技术创新的激励效应。研究表明,增值税留抵退税政策对企业绿色技术创新的激励效应显著存在,该激励效应主要通过缓解融资约束、引导企业履行社会责任得以实现。此外,实施增值税留抵退税政策显著提升了企业社会责任的自愿性披露水平。对处于弱行业竞争环境中的企业而言,增值税留抵退税政策对绿色技术创新的激励效应更为显著。本文探讨了政策激励下企业实现绿色转型和高质量发展的内在机理,为政府制定和完善统筹经济高质量发展与绿色低碳发展的财税政策提供了新思路。Green technological innovation has become an important policy for the green transformation and high-quality development of China′s economy nowadays.Taking green technological innovation as the entry point and relying on the implementation of VAT rebate,based on financial data of A-share listed companies from 2010 to 2019,this paper explore the impact of the implementation of VAT rebate on corporate green technological innovation by using DID method.The study shows that the incentive effect of VAT rebate on corporate green technological innovation exists significantly,which is mainly achieved by effectively guiding enterprises to strengthen their fulfillment of social responsibility and alleviating their financing constraints.In addition,the implementation of VAT rebate significantly improves the level of green technological innovation among enterprises in the voluntary disclosure of social responsibility reports and low-industry competitive environment enterprises.The study takes the tax rebate policy as a gripper,with a view to grasping the deep mechanism of green transformation and high-quality innovation of enterprises under the policy effect,and providing new perspectives and new ideas for the government to formulate fiscal and tax support policies that integrate high-quality economic development and high-level ecological governance.

关 键 词：增值税留抵退税 绿色技术创新 融资约束 社会责任 自愿性披露 

分 类 号：F812.42[经济管理—财政学]