Research On Incentive Effect Of Enterprise R&D Expenditure Addition And Deduction Policy

Innovation is the first driving force leading the development and the strategic support for building a modern economic system.At present,China is facing the problems of slowing economic growth and serious structural imbalance,so it is based on the transformation of the mode of economic development.The supply-side structural reform of adjusting the industrial structure is particularly important,and the independent innovation activities of enterprises play a key role in promoting the implementation of supply-side reform in China,and for enterprises,The R & D activities of enterprises are the process of independent innovation of enterprises.The amount of R & D investment represents to a great extent the strength of scientific and technological innovation in enterprises.The Chinese government has also taken some measures to support the R & D activities of enterprises.The "R & D plus deduction policy" in the enterprise income tax is the preferential tax policy adopted by our government to promote the enterprises to increase the R & D expenditure.The implementation of this policy releases the cash flow of the enterprises to a certain extent.Let the enterprise have more sufficient funds to invest in R & D,to improve the strength of scientific and technological innovation in the development of our country.Based on this background,this paper based on a large number of scholars,explore the research and development expenses deduction policy influence on manufacturing enterprises,and analyze the policy between different industries and enterprises of different ownership types influence whether there are differences in2005-2016.199 manufacturing listed companies as the research sample,affect the overall impact on Deduction Policy and difference of corporate R & D of accelerometer by double difference model of R & D expenses.The results show that the research and development expenses deduction policy has promoting effect on corporate R & D,for different Types of manufacturing enterprises,the implementation of the policy is not the same,the main performance is: in the industry,the promotion of automotive manufacturing and chemical raw materials more effective,the electrical equipment manufacturing industry incentive effect is slightly poor;in terms of ownership type,Compared with the state-owned enterprises,the promotion effect of the private enterprises is more obvious.Finally,based on the empirical analysis results and relevant international experience,this paper puts forward some suggestions on the construction of the policy of R & D expense deduction in China.