财税支持、高新资质认定与家族企业自主创新研究

中国家族企业研发投入不足、创新意愿不强。基于2008-2017年中国A股家族高新技术上市公司研究样本，从财税支持视角，分析高新资质认定政策对家族企业自主创新的影响。结果发现，家族企业通过高新资质认定后自主创新绩效显著提升，且高新资质认定后配套财税支持强化了这种激励效应。进一步发现，财税支持政策效果对高新资质认定初审阶段，以及融资约束强、无政治关联、高新开发区外、知识产权保护低的家族企业更加显著。最后，为完善高新资质认定及财税支持政策提出政策建议。

Finance and Taxation Support,High-tech Identification and Family Firm Independent Innovation

Chinese family firms have the problems of lacking innovation incentives and research investment.Based on A-share listed family high-tech firms during 2008-2017, this paper analyzes the effect of high-tech identification on family firms' independent innovation by the perspective of finance and taxation support. The study shows that firm technological innovation efficiency is stimulated by high-tech identification policy, while the stimulation is strengthened by finance and taxation support. Furthermore, the policy effect of Finance and Taxation support is clustered in the first-trail of high-tech identification, and it’s more significant in the firms which have a higher financial constraint, lower political connections, lower intellectual property rights or is outside the high-tech development zone. provides suggestions for improving industry policies and finance and taxation support.This study provides suggestions for finance and taxation support.