税收优惠、供应链溢出与企业技术创新

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2025-01-13 DOI:10.1016/j.irfa.2025.103930

Keyu Wu, Kaixin Zheng

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引用次数: 0

摘要

本研究从供应链的角度考察了上下游企业税收优惠对中游企业技术创新的影响。通过构建计量经济模型，对a股上市公司2010-2022年的财务数据、供应链信息和全国税务调查数据进行检验，研究发现，下游企业税收优惠对中游企业的技术创新和升级具有显著的推动作用。机制分析表明，税收优惠提高了下游企业的盈利能力和订单量，进而增加了中游企业的人力资本和固定资产投资，带动了技术创新。此外，处于低集中度行业（即高竞争环境）的非国有中游企业更有可能通过对下游企业的税收优惠来提高技术创新能力。

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Tax incentives, supply chain spillovers, and enterprise technological innovation

This study examines the impact of tax incentives for upstream and downstream enterprises on the technological innovation of midstream enterprises from a supply chain perspective. By constructing an econometric model to examine A-share listed companies' financial data, supply chain information, and national tax survey data spanning 2010–2022, the study reveals that tax incentives for downstream enterprises significantly propel midstream enterprises' technological innovation and upgrading. Mechanism analysis demonstrates that tax incentives enhance downstream enterprises' profitability and order volume, subsequently increasing midstream enterprises' human capital and fixed asset investment, driving technological innovation. Furthermore, midstream enterprises that are nonstate-owned and operate in industries with low-concentration ratios (i.e., highly competitive environments) are more likely to improve technological innovation capabilities in response to tax incentives for downstream enterprises.

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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.