The Impact Of National Financial Incentive Policies On R&D Investment And Financial Performance Of Technological Innovation Enterprises

With the advancement of the process of globalization,the competition among enterprises in various countries has intensified.As the driving force of social progress and development driven by market economy,technological innovation has gradually become an important channel to enhance the comprehensive international competitiveness of Chinese enterprises.At present,the speed of my country’s economic development has slowed down,and the level of economic development is at a high level.However,the most prominent problem at present is that the optimization of economic structure and the ability of technological innovation are weak among the world’s powerful countries.A major part of the national economy is the economy of enterprises and the economy of the market.Therefore,it is necessary to improve the operating performance of Chinese enterprises before it is expected to bring my country’s economic level to a new level.However,improving the economic level of enterprises has always been a A major problem plaguing the country.For the technological innovation-oriented enterprises studied in this paper,improving their own scientific and technological innovation and paying attention to the R&D investment of new technologies is an important secret to make steady progress in the market economy.Innovation is an important source of its development and growth,and R&D investment is an important means of innovation.The two pillars used by enterprises to improve their financial performance are the state’s financial incentive policies and their own R&D investment.Through the government’s financial incentive policies,it can not only reduce the capital occupation cost of the enterprise,but also reduce the financing risk of the enterprise,which is reflected in the financial statement of the enterprise;Increase investment in R&D funds and increase investment in R&D personnel.Therefore,the biggest effect of increasing the company’s R&D investment is mainly manifested in two aspects:one is to reduce production costs,and the other is to promote product heterogeneity,further enhance the company’s market competitiveness and improve financial performance.However,the impact of the national fiscal incentives stimulate R&D and business performance of enterprises needs to be further studied.The current financial incentive policies issued by the state to stimulate enterprise R&D and the incentive efficiency of business performance and the incentive effect still need to be discussed.Through research,this paper draws the following conclusions:(Ⅰ)The state’s fiscal incentive policy is positively related to the R&D investment of technological innovation enterprises,and the positive incentive effect of tax incentives is better than that of financial subsidies;(Ⅱ)Tax incentives and Financial subsidies can have a positive impact on the performance of technological innovation enterprises,but the impact is limited;(Ⅲ)R&D investment has a positive impact on the financial performance of technological innovation enterprises,and the positive impact on long-term performance is greater than on short-term performance.