The Influence Of R&D Expenses Plus Deduction Policy On Innovation Performance Of Enterprises

Under the circumstances of economic globalization and commodity prosperity,market competition is becoming increasingly fierce.For enterprises as the main body of the market,facing the changing market environment,it is the only way for enterprises to survive and develop to improve their ability of independent innovation and constantly develop new products to meet the market demand.Because R&D activities have the characteristics of high investment,high risk and long cycle,enterprises need to reduce risk and improve performance in R&D activities as much as possible,and improving management level and making full use of tax preference is a highly feasible method.Since the 18th National Congress of the Communist Party of China,the government's support for enterprise innovation has further increased.In 2015 and 2018,the government expanded the policy of R&D plus deduction for high-tech enterprises,expanded the coverage of the policy in terms of applicable objects,scope of application,etc.,and increased the rate of plus deduction from 50%to 75%.This policy has made great impact on the R&D activities and innovation performance of enterprises.If the enterprise can effectively strengthen the level of financial management and make full use of the preferential tax policies,it is possible to gain greater competitive advantage.Therefore,this paper focuses on how to use the R&D expenses plus Deduction Policy to improve the innovation performance of high-tech enterprises,and tries to find out other factors closely related to the innovation performance in the business process.This paper describes the research background at the first,and defines some important concepts such as R&D activities,R&D expenses,innovation performance,etc.in combination with the research background and research purpose.By combing the domestic and foreign literature,the research goal is defined in the relationship between the addition and Deduction Policy and innovation performance,and the factors such as the level of profit margin and the scale of enterprises are discussed Influence.Secondly,this paper summarizes and expounds the theories of market failure and innovation(including Schumpeter innovation theory and endogenous growth theory),which lays the foundation for the empirical analysis.After that,this paper excluded 83 unreasonable data samples from 490 normal operating samples in Suzhou Industrial Park tax collection and management database,and finally got 407 samples,using spss25.0 software to carry out descriptive statistics,correlation analysis and multiple regression analysis.In the empirical study,we find that:first,the addition and deduction policy has a positive effect on the innovation output performance(patent number)of the sample enterprises,but not on the innovation transformation performance(the proportion of new product sales revenue in the main business income).Second,the proportion of new product sales revenue in the main business income is positively related to the net profit rate of the enterprise,the number of patents is positively related to the enterprise scale,and negatively related to the number of scientific researchers.Based on the research conclusion,this paper puts forward suggestions from this aspects:how to optimize internal management.