摘要
财税激励政策是提高家族企业创新积极性及促进家族企业技术创新产出的重要因素。本文选取2014—2019年沪深A股747家上市家族企业的数据,运用多元回归模型考察财税政策与家族企业技术研发投入和产出之间的关系。研究结果表明:财税政策在投入端和产出端均会对家族企业技术创新活动产生激励效应,但税收优惠和财政补贴的激励效果存在差异;和以往大部分研究结果不同的是,家族涉入正向调节财税政策对家族企业技术创新的激励效应。
The fiscal and tax incentive policy is an important factor to improve the innovation enthusiasm and promote the technological innovation output of family enterprises.In this paper,the data of 747 A-share listed family enterprises in Shanghai and Shenzhen are selected from 2014 to 2019.The multiple regression model is adopted to investigate the relationship between fiscal and tax policies,investment,and output of technology R&D of family enterprises.The results show that fiscal and tax policies have incentive effects on technological innovation activities of family enterprises at both input and output ends,but the incentive effects of tax incentives and financial subsidies are different.Varying from most previous research results,this study finds that family involvement positively regulates the incentive effect of fiscal and tax policies on technological innovation of family enterprises.Finally,this paper provides a theoretical basis for improving fiscal and tax policies in China,as well as reference value for improving the effectiveness of fiscal and tax policies for family enterprises.
作者
于健南
张宇红
YU Jian-nan;ZHANG Yu-hong(College of Economics and Management, South China Agricultural University, Guangzhou, 510642, China)
出处
《财经理论研究》
2021年第6期92-102,共11页
Journal of Finance and Economics Theory
关键词
财税激励政策
家族企业
技术创新
fiscal and tax incentive policies
family enterprises
technological innovation
