Impact of Tax Incentives on Firm Innovation:An Analysis of the Mediating Effect Based on R&D Investment and Financing Constraints
As an important auxiliary means to stabilize the market and promote innovation,tax incentives are crucial to the innovation incentives of enterprises.Based on the data of A-share listed companies from 2008 to 2021,the impact of tax incentives on the innovation level of enterprises,and the mechanism between R&D investment and financing constraints was analyzed.The results show that there is a significant positive correlation between tax incentives and enterprise innovation cities,that is,tax incentives stimulate enterprise innovation.Tax incentives increase the innovation motivation of enterprises by incentivizing them to strengthen R&D investment and helping them alleviate financing constraints.The incentive effect of tax incentives on enterprise innovation is more obvious in small-scale and high-tech enterprises and in the central and western regions.Suggestions are provided for the government to formulate preferential tax policies to stimulate enterprises to carry out innovative activities and enhance their value.
NETL
NSTL
万方数据
