R&D subsidies, tax reductions and innovation outsourcing of enterprises

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2024-10-20 DOI:10.1016/j.irfa.2024.103684

Yue Jin , Pengcheng Wang

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引用次数: 0

Abstract

As an important part of the innovation behavior of enterprises, innovation outsourcing is characterized by high technology, high threshold, and industry–university–research integration. Its status in the process of China's scientific and technological development has been continuously improved and it has received increasing attention and support through the government's innovation policies. This paper systematically tests the impact of research and development (R&D) subsidies and tax reductions on enterprises' innovation outsourcing. The results show that R&D subsidies and tax reductions can significantly increase enterprises' total amount and share of innovation outsourcing investment. An internal mechanism test shows that R&D subsidies can promote enterprises' innovation outsourcing by improving the adequacy of R&D funds and the quality of R&D staff. In addition, compared to the eastern region and non-state-owned enterprises, government subsidies have a more significant driving effect on innovation outsourcing in the central and western regions and for state-owned enterprises. The conclusions drawn in this paper provide an important empirical basis and policy reference for Chinese enterprises' internal and external innovation behaviors in the context of government innovation policies.

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研发补贴、减税和企业创新外包

作为企业创新行为的重要组成部分，创新外包具有技术含量高、门槛高、产学研结合等特点。其在我国科技发展进程中的地位不断提升，并通过政府的创新政策得到了越来越多的关注和支持。本文系统检验了研发补贴和税收减免对企业创新外包的影响。结果表明，研发补贴和税收减免能显著提高企业的创新外包投资总额和比重。内部机制检验表明，研发补贴可以通过提高研发资金的充足性和研发人员的素质来促进企业的创新外包。此外，与东部地区和非国有企业相比，政府补贴对中西部地区和国有企业创新外包的推动作用更为显著。本文得出的结论为中国企业在政府创新政策背景下的内外部创新行为提供了重要的实证依据和政策参考。

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来源期刊

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.