Tax Incentives,Executive Background And Enterprise Technology Innovation

Tax incentives have proven to be an effective tool for governments to support science,technology and innovation,and are used by many countries committed to sustainable economic growth and enhanced global competitiveness.International evidence shows that as part of science,technology and innovation policies,tax incentives have universal demand and effectiveness.Fiscal stimuli are being combined more and more flexibly to help achieve broader goals.Means of international comparison and assessment of the impact of these tools are being actively developed.Throughout the changes and revisions of China's tax policy,the content of the policy is constantly changing.Revised and improved,the scope of the subject is continuously refined and expanded.The government published the Guidance Document of the "Outline of National Medium-and Long-term Scientific and Technological Development Planning" from 2006 to 2020,which strongly emphasized the importance and necessity of building an "innovative" country.Under the guidance of this policy thought,the Chinese government,enterprises and the public pay more attention to the incentive and economic effects of tax incentives on innovative investment activities.Due to the variety of tax incentives,what effect will the different tax incentives have? Questions such as what kind of differences need to be explored,therefore,this article studies how companies can effectively promote technology innovation activities through the deduction of R & D expenses,income tax deductions,etc.,and how the background characteristics of executives affect the two.Correlation.This paper uses the data of Shanghai and Shenzhen A-share listed companies from 2009 to 2018 to empirically test the relationship between two different tax incentives and corporate technology innovation,and the difference in incentive effect between the two preferential methods.In addition,the characteristics of the background of executives are taken into consideration,and the influence of executives' technical background and political background on tax incentives and corporate technological innovation is studied.The results of the study found that:(1)There was a significant positive correlation between tax incentives and technological innovation of enterprises;at the same time,the incentive effects of two different tax incentives on innovation input and innovation output were somewhat different.Stronger incentive effect than tax rate preferences;(2)Positive technical relationship between incentives for executives' technical background and incentives and technological innovation inputs and outputs;In addition,when adopting the policy of deducting R & D expenses,the technical background Tax incentives and corporate technology innovation have a stronger incentive;(3)The political background of executives inhibits the positive correlation between tax incentives and technological innovation input and innovation output of enterprises.Regarding the political background,the incentive effect of tax incentives and technological innovation can be suppressed.In further research,after performing two-sample regression on two different preferential methods based on industry regional effects,the nature of corporate property rights,and financing constraints,the research shows that among the three types of enterprises,the incentive effects of tax incentives for technology-intensive companies are stronger than Capitalintensive enterprises and labor-intensive enterprises;in different regions,the incentive effect of tax incentives in the eastern region is stronger than that in the central and western regions;under other conditions unchanged,compared with state-owned enterprises,the tax incentives of private enterprises for The incentive effect of innovation output is more significant;the relief of financing constraints is conducive to promoting the incentive effect of tax incentives on corporate innovation input and innovation output.Finally,according to the research conclusions of this article,put forward countermeasures and suggestions for optimizing tax incentives,in order to enhance the technological innovation capability of enterprises:(1)comprehensively consider the input-output perspective,and consider the formulation of tax incentives from the perspective of the entire innovation process Improve the policy implementation space;(2)attach importance to the innovation needs of executives,optimize the "qualification" of qualifications,and reduce rent-seeking space;(3)private enterprises attach importance to the construction of an "innovation culture";(4)reduce corporate financing costs and expand financing channel.