A Study on the Impact of Fiscal and Tax Policy on R&D Innovation in SMEs: Evidence from China

• 발행기관: 한국무역연구원
• 저자명: Yan-Xu Yan Yeong-Gil Kim Hyun-Jung Shin
• 간행물 정보: 『무역연구』제17권 제2호, 57~68쪽, 전체 12쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2021.04.30

영문 초록

Purpose The purpose of this paper is to analyze the impact of fiscal and tax policies and financing constraints on R&D investments of small and medium-sized enterprises;and provide useful references for the government and financial institutions to formulate relevant policies. Design/Methodology/Approach This paper takes the non-financial enterprises listed on the SME Board of Shenzhen Stock Exchange from 2010 to 2018 as the research object;establishes a series of variables according to the research content;and establishes a multiple linear regression model;and then it makes correlation analysis and regression analysis on the data with SPSS software. At last;it tests the robustness of the model. Findings Through this study;we find that fiscal and tax support policies have a positive effect on SME R&D innovations;financing constraints are significantly negatively correlated with SME R&D innovations;and financing constraints will significantly inhibit the positive effect of fiscal and tax support on SME R&D innovations. Research Implications This paper deeply analyzes the influence of objective factors on the R&D investment of enterprises from the three aspects of government (policy);financial institutions (capital) and enterprises;the results can provide more targeted references for the formulation of policies.

목차

Ⅰ. Introduction

Ⅱ. Theoretical Analysis and Research Hypotheses

Ⅲ. Research Design

Ⅳ. Empirical Analysis

Ⅴ. Conclusion

키워드

Finance and Tax Support Financing Constraints Fiscal Subsidies Government Procurement R&D Innovation of s SMEs