Can Pretax Additional Deduction Policy for R&D Expenditure Accelerate the Manufacturing Industry Intelligentization Transformation
It is difficult issue to use preferential fiscal and tax policies to encourage enterprises to increase R&D in-vestment and accelerate intelligentization transformation.Based on the panel data of Shanghai and Shenzhen A-share manufacturing enterprises in China,this paper constructs Difference-in-Difference model to test whether the Pretax additional deduction policy for R&D Expenditure can promote the manufacturing industry intelligentization transformation.On this basis,the threshold effect model is constructed to analyze its nonlinear influence on the in-telligentization transformation.The results show that:(1)Pretax additional deduction policy for R&D Expenditure can significantly promote the manufacturing industry intelligentization transformation.(2)Taking enterprise size as the threshold variable,the pretax additional deduction policy for R&D Expenditure intensity has a significant double threshold effect on intelligentization transformation.(3)Compared with the high-tech manufacturing industry,it has a higher threshold value for promoting the intelligentization of low/medium-tech manufacturing industry.(4)There is a significant single threshold effect on the private enterprises intelligentization transformation,while there is no effect on state-owned enterprises.Therefore,it is suggested to further strengthen the effectiveness of the R&D ex-pense deduction policy according to different industries,focusing on private enterprises,maximizing the low/medi-um-tech manufacturing industries.
Pretax Additional Deduction Policy for R&D ExpenditureManufacturing IndustryIntelligentization Trans-formation
NETL
NSTL
万方数据
