Tax policy reform and corporate innovation in China

Tax policy reform and corporate innovation in China

•Lower effective tax rates boost innovation.•The VAT tax reform has both direct and indirect effects on innovation.•Spillover effects from acquired technology encourage indigenous corporate innovation.•The effect of the tax reform varies with firm, industry, and regional characteristics.•The tax ref...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Finance research letters 2023-07, Vol.55, p.103891, Article 103891
Hauptverfasser: He, Lerong, Jiang, Xiaozhen, Fang, Liting
Format: Artikel
Sprache:eng
Schlagworte:
China
Corporate innovation
R&D investment
Tax policy reform
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:•Lower effective tax rates boost innovation.•The VAT tax reform has both direct and indirect effects on innovation.•Spillover effects from acquired technology encourage indigenous corporate innovation.•The effect of the tax reform varies with firm, industry, and regional characteristics.•The tax reform affects corporate innovation by influencing firm financing constraints, cash flow, and R&D personnel.
ISSN:1544-6123
1544-6131
DOI:10.1016/j.frl.2023.103891