The Optimization of Taxation Business Environment and Corporate Total Factor Productivity:Evidence from the Reform of Tax Related Government Functions
Optimizing the taxation business environment is not only an important strategic meas-ure to improve the production efficiency of enterprises and promote the transformation and up-grading of enterprises,but also has very important practical significance for achieving high-quality economic development.Based on the data of A-share listed companies from 2013 to 2020,and with the help of the quasi-natural experiment of the pilot reform of tax?related gov-ernment functions,this paper constructs a staggered DID model to empirically examine the im-pact of taxation business environment optimization on the total factor productivity of enterprises.It is found that the reform of tax?related government functions has a significant positive impact on the total factor productivity of enterprises,and this conclusion still holds after a series of robustness tests.The mechanism test results show that the optimization of the taxation business environment mainly improves the total factor productivity of enterprises by reducing transaction costs,improving resource allocation efficiency and promoting technological innovation.The heterogeneity analysis shows that for enterprises in the central and western regions,non-state-owned enterprises,enterprises with high environmental uncertainty and enterprises in the mature stage,the optimization of taxation business environment has a relatively more prominent role in promoting the total factor productivity of enterprises.Subsequent further analysis shows that the optimization of the taxation business environment significantly promotes the expansion of enter-prise operation scale and industrial chain while improving the total factor productivity of enter-prises.The above research conclusions of this paper not only provide better understanding of the economic effects of taxation business environment optimization,but also provide empirical evi-dence and useful enlightenment for cultivating a taxation business environment conducive to stimulating the vitality of market entities and promoting the quality and efficiency of enterprises.
The Reform of Government FunctionsTaxation Business EnvironmentCorporate Total Factor ProductivityEnterprises Improve Quality and Efficiency
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