The mechanism of vehicle purchase tax incentives on technological innovation and business performance of enterprises——based on the empirical research of new energy vehicle enterprises
The mechanism of vehicle purchase tax incentives on technological innovation and business performance of enterprises——based on the empirical research of new energy vehicle enterprises
From the perspective of vehicle purchase tax incentives,taking the panel data of listed Chinese new energy vehicle companies from 2010 to 2021 as samples,and starting from the consumer side stimulus,a double difference model is constructed to explore the mechanism between the preferential policies of vehicle purchase tax incentives and the business performance of new energy vehicle enterprises and technological innovation.The results show that the vehicle purchase tax incentive can significantly improve the business performance of new energy vehicle enterprises,and that the vehicle purchase tax incentives can improve the business performance by promoting the technological innovation of new energy vehicle enterprises.Further research results indicate that the vehicle purchase tax incentive has a stronger incentive effect on CEO's financial background,the separation of the two positions,and the technological innovation level of small-scale and private new energy vehicle enterprises.Therefore,it is recommended that the government continue and further improve the preferential policies of vehicle purchase tax,increase the screening criteria for vehicles with preferential policies,improve the vehicle exit mechanism of the Catalogue of New Energy Vehicle Models with Preferential Vehicle Purchase Tax,and the new energy vehicle enterprises pay attention to the improvement of corporate governance while increasing research and development investment and improving the level of technological innovation.
关键词
车辆购置税/双重差分模型/技术创新/消费端刺激
Key words
vehicle purchase tax/double difference model/technological innovation/consumer side stimulus
万方数据