Enterprise income tax and corporate innovation: evidence from China

Fang, Hongsheng; Dang, Dandan; Fu, Nan; Hu, Wen‐Quan

doi:10.1080/00036846.2023.2211335

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Cited by 4 publications

References 19 publications

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Accelerated depreciation policy of fixed assets and corporate sustainable development: a perspective of ESG

Tan,

Zou,

et al. 2024

Applied Economics

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Accelerated depreciation policy of fixed assets and corporate sustainable development: a perspective of ESG

Tan,

Zou,

et al. 2024

Applied Economics

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Capital tax incentives and firm innovation: evidence from accelerated depreciation in China

Feng,

Zong

2024

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PurposeThis study aims to investigate the influence and impact mechanism of capital tax incentives on firm innovation.Design/methodology/approachThis study employs the difference-in-differences (DID) method, in conjunction with the exogenous impact of accelerated depreciation (AD) pilot policy. This study selects Chinese listed companies from 2010 to 2017 as the research sample.FindingsFirstly, AD exerts a substantial positive effect on the quantity and quality of the innovation output of firms, and the positive impact results primarily from heightened investment in fixed assets, particularly, machinery and equipment. Secondly, the influence of the policy is pronounced in non-state-owned enterprises, mature enterprises, less capital-intensive enterprises and non-high-tech industries, which all exhibit strong innovation incentives. Lastly, the tax incentive policy significantly stimulates firm innovation in the short term, but its long-term impact on innovation incentives lacks statistical significance.Originality/valueThis study highlights the significance of capital tax incentives in facilitating the innovation process in firms.

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Tax incentives and corporate innovation: Evidence from China's value‐added tax reform

Wang,

Liu,

Xie

et al. 2023

Contemporary Economic Policy

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Innovation is crucial for technological progress and economic development. Using the value‐added tax (VAT) reform in China as a policy shock, this study explores whether tax incentives are beneficial in promoting corporate innovation. We find that the VAT reform has a significant positive impact on corporate innovation, and the finding holds under a series of robustness checks. Mechanism analysis suggests that the VAT reform promotes firms' innovation activities mainly by alleviating financing constraints and amplifying research and development intensity. This study offers policy implications for using tax policies to stimulate corporate innovation.

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Enterprise income tax and corporate innovation: evidence from China

Cited by 4 publications

References 19 publications

Accelerated depreciation policy of fixed assets and corporate sustainable development: a perspective of ESG

Accelerated depreciation policy of fixed assets and corporate sustainable development: a perspective of ESG

Capital tax incentives and firm innovation: evidence from accelerated depreciation in China

Tax incentives and corporate innovation: Evidence from China's value‐added tax reform

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