企业行为约束下技术创新所得税激励政策效应研究

技术创新所得税激励政策效应的发挥不但取决于政策本身的制度设计,还取决于企业投资行为对税收政策的敏感性。技术创新所得税激励政策作为制度驱动,既受到企业自身行为的约束,又与企业内部研发驱动机制相互作用。在企业行为理论框架下,运用随机效应模型,以2009—2013年中国A股上市公司数据为样本,对企业行为约束下中国技术创新所得税激励政策效应进行了理论分析和实证检验。结果发现,税收优惠政策形成的税收补贴通过转化为企业内部资源、降低研发投资风险,使得企业内部驱动机制对研发支出的积极作用增强;所得税激励政策本身并未对企业技术创新活动产生显著的激励作用。

A Study on the Income Tax Incentives Effectiveness for Technical Innovation under the Constraints of Enterprise Behavior

The income tax incentive effectiveness for technical innovation depends on not only the design of policy itself ,but also the sensitivity of enterprise investment behavior to tax policy .The income tax incentives effectiveness being an insti‐tution drive must work under the constraints of enterprise behavior .Under the frame of behavioral theory ,this paper tests the income tax incentive effectiveness for technical innovation using random effect model over a share public company data in the period of 2009 -2013 .The paper shows the allowances induced from tax incentive form a part of internal resources and reduce R&D risk ,w hich together enhance the positive effect of R&D spending .How ever ,the tax incentive policy it‐self plays no significant effects on technological innovation activities .