Research on the Impact Mechanism and Effect of Tax Incentives on Enterprise Innovation Output in High-tech Manufacturing Industry
Nowadays,high-tech manufacturing industry is one of the important fields in the de-velopment of the world economy,which plays an important role in enhancing national innovation a-bility and promoting industrial upgrading and economic growth.This study selects 903 high-tech enterprises listed on A-share market from 2015 to 2021,obtaining 6 321 sample data totally.Using the mediation model with moderation,this paper investigates the incentive effect of tax preferences for high-tech manufacturing industry on enterprise innovation output,as well as the mediating effect of R&D(Research and Development)investment and the moderating effect of audit opinions and supervision evaluations.The research shows that tax preferences for high-tech manufacturing industry can increase enterprise innovation output significantly,and tax preferences have a more significant incentive effect on enterprises with better supervision opinions.At the same time,tax preferences promote R&D output of enterprises by increasing investment in technological innovation of high-tech enterprises,playing a mediating role in enterprise R&D investment.The intermediate path of enterprise audit evaluation on R&D investment shows moderating effect in the path of first half,but not in the path of second half.The moderating evaluation on the intermediary path of R&D investment shows moderating effect in both front and back paths.The development of high-tech manufacturing industry promotes the transformation upgrading and innovative development of the entire manufacturing industry.Therefore,in-depth research of the impact of tax preferences,R&D investment,and supervision evaluation on innovation output in high-tech manufacturing en-terprises can help to grasp the development trend and rules of this field,which is crucial for optimi-zing industrial structure and enhancing comprehensive national strength.
tax incentives for high-tech enterprisesR&D investmentinnovation outputmod-erated mediation effect
万方数据
维普
