The Impact Of Tax Preference, R&D Expenditure Capitalization On Business Performance

In the current era,in the journey of building an innovation-oriented country,the state has set new demands on the capability of innovation.In addition to the need tofurther broaden and promote the use of technology,there is also a need to create better resultsin technology research and development.As for the enterprises,with theincreasingly fierce competition of enterprises,the increasingly internationalized operation and the shortening of product life cycle,technological innovation is more and more important for the survival and development of enterprises..Practice has proved that increasing research and development investment and paying attention to the level of research and development are inexhaustible driving forces for scientific and technological innovation,enhance the competitiveness of enterprises inexhaustible motivation.R&D spending activities have been a hot topic at home and abroad,the size of research and development investment and business performance.It has always been a hot topic of scholars both at home and abroad whether the effect is relevant or not.Under the international convergence of accounting standards,Accounting Standards for Business Enterprises No.6-Intangible Assets promulgated in 2006 in China divides the research and development process into the research phase and the development phase.The expenditures for the research phase are directly included in the current profit and loss while the expenditures for the development phase The implementation of conditional capitalization.In this context,this paper studies the impact of capitalization of research and development expenditures on the performance of enterprises.In addition,tax incentives are also an important factor that affects the choice of accounting treatment for R & D expenditures.Therefore,this paper comprehensively studies the relationship between tax incentives,capitalization of research and development expenditure and business performance.Firstly,this paper introduces the domestic and foreign research status and relevant theories of tax preference,capitalization of R & D spending and business performance,and then uses the empirical research method to select the A shares of Shanghai and Shenzhen Stock Exchange from 2014 to 2016 Listed companies in the information technology,pharmaceutical biology two high-tech industry sample data to establish the tax benefits of the two industries,research and development of capital expenditure and corporate performance model of the relationship between.Based on the research and design of the model,this paper carried out descriptive statistics and correlation analysis on the research variables,and conducted multiple regression analysis and robustness test on the model.and,the model was also tested for robustness and analyzed for multiple regression.Through empirical analysis of the two industries of information technology industry and bio-pharmaceutical industry,it is found that the capitalization of research and development expenditures in both industries respectively have a positive impact on the performance of their enterprises,Among them,tax preference and company performance also have positive correlation.However,the correlation between tax incentives and capitalization of research and development expenditures is inconsistent.Among them,the information technology industry tax incentives and R & D spending capitalization was significantly positive correlation,while the biomedical industry tax incentives and R & D spending capitalization is not significant.At the end of the article,according to the conclusion of the research,some suggestions are put forward,such as clarifying the research stage of R & D activities and dividing the development stage,perfecting information disclosure,optimizing tax preferential policies and strengthening tax management.