Research on the Impact of R&D Expense Super Deduction Policy on Enterprise Digital Innovation
This paper empirically examines the impact of the R&D expense super deduction policy on enterprise digital innovation,based on the implementation of the R&D expense super deduction policy and the income tax reduction data disclosed by listed companies enjoying the R&D expense super deduction policy from 2016 to 2022.It is found that the implementation of the R&D expense super deduction policy can significantly promote enterprise digital innovation.The mechanism test found that the R&D expense super deduction policy promotes enterprise digital innovation by motivating management to develop digital strategies and increasing the intensity of R&D.Further research found that the marginal efficiency of the R&D expense super deduction policy to promote digital innovation shows a trend of rising first and then falling.However,implementing the tax"delegating-regulation-service"reform,raising the level of regional digital economy and optimizing the equitable competitive landscape can significantly enhance the positive effect of the R&D expense super deduction policy on enterprise digital innovation.Therefore,this paper proposes further implementing strategies related to the policy of super deduction for R&D expenses,accelerating the promotion of enterprise digital transformation,guiding enterprises to increase investment in digital R&D,and optimizing the business environment for enterprise digital innovation.
Digital InnovationR&D Expense Super Deduction PolicyBusiness Environment
NETL
NSTL
万方数据
