Tax incentive policies, market competition, and corporate innovation

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-07-05 DOI:10.1016/j.frl.2025.107896

Yining Wang , Ning Zhou , Jie Gao , Ping Jiang , Ximu Yan , Mi Zhang , Lusha Chen

引用次数: 0

Abstract

This study is based on relevant data from publicly listed companies in China between 2011 and 2023, exploring through empirical analysis the specific effects of tax incentive policies and market competition on corporate innovation levels. The analysis results indicate that both tax incentive policies and market competition can significantly enhance corporate innovation levels; at the same time, market competition plays a significant moderating role between tax incentive policies and corporate innovation levels. Furthermore, compared to state-owned enterprises, the facilitative effect of tax incentive policies on the innovation levels of private enterprises is particularly prominent.

查看原文本刊更多论文

税收优惠政策、市场竞争与企业创新

本研究基于2011 - 2023年中国上市公司的相关数据，通过实证分析探讨税收优惠政策和市场竞争对企业创新水平的具体影响。分析结果表明，税收优惠政策和市场竞争都能显著提升企业创新水平；同时，市场竞争在税收优惠政策与企业创新水平之间具有显著的调节作用。此外，与国有企业相比，税收优惠政策对民营企业创新水平的促进作用尤为突出。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance