Research On The Influence Of Government Fiscal And Tax Policies On Enterprise Innovation Performance

Innovation is the strategic support for building a modernized economy.The 2022 Government Work Report points out that we will "promote scientific and technological innovation,promote industrial optimization and upgrading,and improve the quality of development through innovation.At the same time,we will increase incentives for enterprises to innovate and implement various incentive policies for innovation,so as to encourage enterprises to increase investment in research and development and foster new growth drivers".At present,our country is still a big agricultural production country,agriculture has played the bigger role in the economic development,also promoted the diversified development of Chinese economy,but because of the extensive agricultural production method,agricultural science and technology level backward,low management level,causes our agricultural development speed to be slow,and the disparity between the developed countries.In order to change this situation,the government adopted macro-control and introduced a series of fiscal and tax support policies to support the development of agricultural industry.The most common forms of government subsidies in agricultural enterprises are government subsidies and tax incentives.But the effect on the development of agricultural enterprises is not obvious.Therefore,it is necessary to study the influence of fiscal and tax policies on enterprise innovation performance and its action path.This paper explores the relationship between government fiscal and tax policies and enterprise innovation performance through the combination of literature research and empirical research.This paper first reviews the relevant research at home and abroad,expounds the theory of innovation,the theory of enterprise behavior and the theory of tax effect,analyzes the mechanism of government fiscal and tax policies on enterprise innovation performance,and provides a theoretical basis for the following work.Secondly,this article sorts out and summarizes the present situation of the innovative activities,the existing question and the main tax preference policies in the innovative fields.This paper selected A-share agricultural listed companies from 2013 to 2020 as samples to explore the impact of government fiscal and tax support on their future corporate innovation performance.Different from the previous research on high-tech enterprises,it has wider applicability.This paper divides government finance and tax support into two categories:government subsidies and tax incentives.The empirical results show that:first,government subsidies are not conducive to the future technological innovation of listed agricultural companies.Government subsidies crowd out future innovation input and cannot improve future innovation output and performance.Second,tax incentives are conducive to the future technological innovation of listed agricultural companies.Although tax incentives cannot significantly improve future innovation input,they can significantly improve future innovation output and innovation performance.In general,this paper finds that tax incentives have a better effect on technological innovation of agricultural listed companies than government subsidies.In conclusion,the following suggestions are put forward:(1)The contradiction between the importance of agricultural industry and its weak nature requires the government to intervene through fiscal and tax policies.The interaction of fiscal subsidies and tax incentives has a positive effect on the R&D efficiency of agricultural enterprises.(2)Government subsidies and tax incentives are two policy tools.It is necessary to further improve the subsidy policy system and ensure policy stability,management standardization and operation transparency.(3)Agricultural enterprises should not be satisfied with temporary profits,should make reasonable use of government special subsidies,special funds for special purposes.(4)Agricultural enterprises should avoid "lazy behavior" caused by government subsidies,improve the enthusiasm of production and research and development,and reduce excessive dependence on government subsidies.We will increase enterprise investment in innovation and improve its efficiency.