Research On The Influence Of Tax Incentives On Innovation Performance Of Gem Enterprises

By implementing the innovation-driven strategy to build a world scientific and technological power and promote high-quality economic development,GEM enterprises play an important role in it.To support their strong growth,China has introduced a series of preferential tax policies,so as to enhance its innovation vitality.According to the analysis of the positive incentive effect of tax preferential policies on the innovation performance of enterprises,it provides reference for the government to make further decisions and enterprises to carry out innovation activities.In this paper,it is based on reviewing and sorting out the research literature at home and abroad to analyze how the preferential tax policy affects the GEM enterprises and its mechanism.Firstly,it finds out the existing problems by analyzing the current situation of innovation activities and the current preferential tax policies of GEM enterprises in China.Then,it compares the impact of income tax and value-added tax on innovation performance.At the same time,it analyzes the intermediary role between tax preference and innovation performance from the perspective of research and development investment.Besides,it establishes the concept model of "tax preference-research and development investment-innovation performance".Based on this,it selects 114 GEM listed companies,collects relevant data from 2014 to 2018,as well as uses multiple regression and an alysis method to test the research hypothesis.According to the analysis and empirical test,it obtains the conclusion of this paper:(1)It has a significant positive correlation between the tax preference and innovation performance of GEM listed companies;(2)It has a significant positive correlation between the tax preference and research and development investment in the innovation activities of GEM listed companies;(3)Research and development investmen t is an intermediary variable,which acts on the relationship between tax preference and innovation performance of enterprises.(4)The effect of VAT preference on innovation performance of GEM listed companies is higher than that of income tax.As for the research of this paper,it enriches the research of innovation performance of GEM companies.Moreover,the conclusion of this study provides theoretical guidance for the improvement of innovation tax optimization policy as well as the enterprise's scientific and reasonable use of tax preferential policies to promote internal innovation.The research of this paper has enriched the research on the improvement of innovation.