摘要
选取上海、深圳证券市场软件信息业171家高新技术企业2012-2015年的相关数据,针对研发投入、研发费用加计扣除与企业绩效三者间的关系进行研究。结果表明,研发费用加计扣除与研发投入和企业绩效显著正相关,加计扣除政策实施效果较好,政府应给予企业更多的加计扣除优惠;根据面板数据模型估计结果,研发投入与企业绩效存在非线性关系,研发投入对当期绩效的抑制作用不明显,对滞后一期绩效有显著抑制作用,对滞后两期绩效正向作用不明显。研发投入经济效益回收存在一定的滞后性,根据分位数回归结果,处于50%分位点的企业研发投入对企业绩效的正向作用最大;分组回归结果显示,研发费用加计扣除优惠对研发投入与企业绩效的关系具有正向调节作用。
Based on the data of 171high-tech firms which belongs to information industry over the period 2012 to 2015,this paper examines relationships among RD investment,the preferential policy of RD costs deduction and firm performance.The results shows that the relationship between the preferential policy of RD costs deduction and RD investment is significantly positive,and that the relationship between the preferential policy of RD costs deduction and firm performance is also significantly positive.The implementation effect of the preferential policy of RD costs deduction is pretty good,and government should give more preferential policy of RD costs plus pre-tax deductions.According to the panel data model,the relationship between RD investment and firm performance is non-linear.RD investment has no significant negative effect to current firm performance,it has significant negative effect to the first-lagged firm performance,and it has no significant positive effect to the second-lagged firm performance.The economic benefits of RD investment has certain lag.According to quantile regression,RD investment has the largest positive effect on performance among firms in 50% quantile.And the result of grouping regression shows that the preferential policy of RD costs plus pre-tax deduction positively moderated the relationship between RD investment and firm performance.
出处
《科技进步与对策》
CSSCI
北大核心
2017年第18期51-58,共8页
Science & Technology Progress and Policy
基金
中央高校基本科研业务费专项基金项目(11LZUJBWZY050)
关键词
研发投入
研发费用加计扣除
企业绩效
R＆D Investment
R＆D Costs Plus Pre-tax Deduction
Firm Performance
