The Incentive Effect of VAT Rebate on Green Technology Innovation in Enterprises
Green technological innovation has become an important policy for the green transformation and high-quality development of China's economy nowadays.Taking green technological innovation as the entry point and relying on the implementation of VAT rebate,based on financial data of A-share listed companies from 2010 to 2019,this paper explore the impact of the implementation of VAT rebate on corporate green technological innovation by using DID method.The study shows that the incentive effect of VAT rebate on corporate green technological innovation exists signifi-cantly,which is mainly achieved by effectively guiding enterprises to strengthen their fulfillment of social responsibility and alleviating their financing constraints.In addition,the implementation of VAT rebate significantly improves the level of green technological innovation among enterprises in the voluntary disclosure of social responsibility reports and low-industry competitive environment enterprises.The study takes the tax rebate policy as a gripper,with a view to grasping the deep mechanism of green transformation and high-quality innovation of enterprises under the policy effect,and providing new perspectives and new ideas for the government to formulate fiscal and tax support policies that integrate high-quality economic development and high-level ecological govern-ance.
万方数据
维普
