R&amp;D tax incentives in EU countries: does the impact vary with firm size?

Sterlacchini, Alessandro; Venturini, Francesco

doi:10.1007/s11187-018-0074-9

Cited by 23 publications

(29 citation statements)

References 45 publications

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“…Chen and Yang (2019) determine that tax incentives significantly promote investment in R&D and the number of patents in manufacturing firms. Sterlacchini and Venturini (2019) conclude that tax incentives generate an increase in the intensity of R&D spending, but this effect is limited only to small firms. Rao (2016) concludes that the intensity of research in the United States is sensitive to changes in tax incentives.…”

Section: Introductionmentioning

confidence: 89%

Effect of R&D subsidies and tax credits on the innovative processes of Chilean firms

Mardones

Ávila

2020

ARLA

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PurposeThe purpose of this study is to evaluate the impact of research and development (R&D) subsidies and tax credits on the innovative processes of Chilean firms.Design/methodology/approachProbit and tobit models for pseudo-panel with instrumental variables are estimated using data from different versions of the Innovation Survey covering the period 2007–2016.FindingsThe results show that R&D subsidies and tax credits have a statistically significant and positive effect on the probability of performing internal and external R&D, but do not affect the intensity of R&D spending, reflecting a crowding-out effect on private funds of both instruments. On the other hand, firms that simultaneously receive R&D subsidies and tax credits have a lower percentage of innovative sales. Furthermore, there are not effects statistically significant of the R&D subsidies and/or tax credits on the number of intellectual property rights applications.Originality/valueIt is concluded that both instruments have not been effective to encourage innovative outputs in Chilean firms.

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Section: Introductionmentioning

confidence: 89%

Effect of R&D subsidies and tax credits on the innovative processes of Chilean firms

Mardones

Ávila

2020

ARLA

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“…Examples of the measurement of competitiveness using indicators at the firm level are in the papers by Akben-Selcuk (2016), Čadil, Mirošník, & Rehák (2017), Rodríguez-Pose & Hardy (2017. These indicators are normally the same as those used in the literature on the 1 3 microeconomic impacts of regional policy, for instance, in the papers by Bernini, Cerqua, & Pellegrini (2017), Bernini & Pellegrini (2011), Sterlacchini & Venturini (2019). Early studies in the 1990s focused on a "resource-based" view where a firm's competitive advantage derives from those resources that match specific conditions; later, scholars moved more towards a "capability-based" perspective, emphasizing a more dynamic view of competition (Depperu, & Cerrato, 2005).…”

Section: The Measurement Of Competitiveness With Firm Datamentioning

confidence: 99%

Measuring competitiveness differentials inside the same region: a propensity-score matching approach

Fantechi¹,

Fratesi²

2022

Soc Indic Res

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This paper analyses regional competitiveness at the subregional level through a novel methodological approach that adopts a matching design. By comparing the performance of similar firms in different parts of the region, it is possible to detect whether different places provide different competitive territorial assets. Using data for Lombardy, a large and competitive European region, the analysis shows that the different territories of the region are differently competitive in different industries, even when they are similar in terms of total GDP per capita or specialization. The paper also confirms that measuring competitiveness on different indicators (Labour Productivity, TFP, Profitability) can provide different results, and this especially happens when comparing static and dynamic indicators. The methodology presented here is especially relevant to the design of regional policies, that are mostly deployed at the NUTS-2 level but would benefit from accounting for the presence of strongly dis-homogeneous territories inside the same region.

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“…Corporate tax plans are affected by the capital structure, firm size, accounting period, market structure, and policies (Fagbemi, Olaniyi & Ogundipe, 2019). Corporate tax policies are important in terms of investment and efficiency, and due to their increasing role in tax planning, R&D tax incentives have become important (Sterlacchini & Venturini, 2019).…”

Section: Tax and Tax Planningmentioning

confidence: 99%

Does Tax Planning Affect R&D Expenditures? A Study of Borsa Istanbul (BIST) Manufacturing Sector

Bayraktar¹,

Tütüncü²

2022

ibr

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Tax planning, which has an important place in financial planning, is the systematic way of avoiding tax in accordance with the laws. In this process, R&D expenditures constitute a tax shield for firms to decrease their tax base. The purpose of this study is to examine whether tax planning affects R&D expenditures. The sample includes 564 firm-year observations over the period 2008-2019 for listed firms operating in the BIST-Manufacturing sector and spending R&D. As the past values of R&D expenditures have an effect on current period expenditures, the dynamic relationship between variables was analyzed by the Generalized Method of Moments (GMM) and System GMM. The findings show that tax planning has a positive effect on R&D expenditures. However, the change in firm size negatively affects R&D expenditures. The study focuses only on certain firms listed in the BIST-Manufacturing sector that made R&D and hence the results might have a limited explanatory capacity for the other sectors. Nevertheless, the findings highlight the need for firms to establish units to carry out tax planning practices that can reduce the tax burden through various means, especially R&D incentives.

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R&D tax incentives in EU countries: does the impact vary with firm size?

Cited by 23 publications

References 45 publications

Effect of R&D subsidies and tax credits on the innovative processes of Chilean firms

Effect of R&D subsidies and tax credits on the innovative processes of Chilean firms

Measuring competitiveness differentials inside the same region: a propensity-score matching approach

Does Tax Planning Affect R&D Expenditures? A Study of Borsa Istanbul (BIST) Manufacturing Sector

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