对人力资本积累和企业创新质量的税收激励：中国准自然实验的证据

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-10-28 DOI:10.1016/j.frl.2024.106342

Cuilan Li , Hailin Chen , Weilin Xie , Ping Wang

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引用次数: 0

摘要

本研究分析了人力资本税收优惠政策对企业创新质量的影响。为此，研究利用中国的职工教育培训费用税前扣除政策，设计了一个准自然实验。结果证实，针对人力资本积累的税收激励措施能显著提高企业的创新质量。推动这一效应的主要机制是缓解财务约束和促进人力资本积累。此外，在金融发展水平较高、人力资本密度较大的地区，这种效应更强。

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Tax incentives for human capital accumulation and enterprise innovation quality: Evidence of a quasi-natural experiment in China

This study analyzes the impact of human capital tax incentives on enterprise innovation quality. For this purpose, it designs as a quasi-natural experiment, using China's pre-tax deduction policy for employee education and training expenses. The results confirm that tax incentives for human capital accumulation significantly enhance corporate innovation quality. The primary mechanisms driving this effect are the alleviation of financial constraints and the promotion of human capital accumulation. Moreover, this effect is stronger in regions with higher levels of financial development and greater human capital density.

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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