减税降费政策对A股制造企业创新投入的激发效应研究  

Research on the Stimulating Effect of Tax and Fee Reduction Policy on Innovation Investment of A-Share Manufacturing Enterprises

作　　者：陈小丽 胡延超 代莉 Chen Xiaoli;Hu Yanchao;Dai Li(Gingko College of Hospitality Management;Sichuan Top IT Vocational Institute,Chengdu Sichuan 611743)

机构地区：[1]成都银杏酒店管理学院 [2]四川托普信息技术职业学院,四川成都611743

出　　处：《山东纺织经济》2025年第2期14-17,40,共5页Shandong Textile Economy

摘　　要：近年来,我国推行了一系列减税降费举措,力图缓解企业的税负压力,拓宽其利润空间,进而激发企业加大创新投入的积极性。文章以2014-2023年A股上市制造企业为样本,深入分析了减税降费政策对企业税负变化的影响,并探讨了这种税负变化如何进一步激发和提升企业的创新投入。本研究发现,企业总体税负与企业创新投入存在显著的负相关关系,减税降费政策显著促进了企业创新投入。进一步异质性检验表明,这一政策对国有企业和非国有企业均具有显著的促进作用。此外,研究还发现企业税负对创新投入的影响存在一定的滞后性。这些发现为政府进一步优化减税降费政策、提升政策效果提供了重要参考。In recent years,China has implemented a series of tax and fee reduction measures,aiming to alleviate the tax burden of enterprises,expand their profit margins,and further stimulate their enthusiasm for increasing innovation investment.Taking A-share listed manufacturing enterprises from 2014 to 2023 as samples,this paper conducts an in-depth analysis of the impact of tax and fee reduction policies on changes in corporate tax burdens,and explores how such tax burden changes further stimulate and enhance corporate innovation investment.The study finds that there is a significant negative correlation between the overall corporate tax burden and corporate innovation investment,and that tax and fee reduction policies significantly promote corporate innovation investment.Further heterogeneity tests indicate that this policy has a significant promotional effect on both state-owned and non-state-owned enterprises.Additionally,the study also finds that the impact of corporate tax burdens on innovation investment exhibits a certain lag.These findings provide important references for the government to further optimize tax and fee reduction policies and enhance policy effectiveness.

关 键 词：减税降费 制造企业 企业税负 创新投入 

分 类 号：F272[经济管理—企业管理]