研发费用加计扣除对传统能源企业R D的激励效应----来自我国传统能源上市企业面板数据实证检验

Incentive Effect of R D Expense Super Deduction to R D Input of Traditional Energy Listed Enterprises----Empirical Analysis Based on the Panel Data

摘要:

经济高质量发展要求我国传统能源企业提质增效,研发费用加计扣除是促进传统能源企业加大研发投入、提高自主创新能力、加快产业结构调整的重要税收优惠政策。基于2015-2017年我国传统能源上市企业面板数据,回归分析研发费用加计扣除对传统能源企业研发投入的激励效应,实证表明,研发费用加计扣除能有效促进传统能源企业加大研发投入,但偿债能力、营运能力和盈利能力会影响研发投入和加计扣除力度,传统能源企业需要持续提高生产经营管理效率,提升研发质量,推动产业转型升级。

Abstract:

Economic high-quality development requires the traditional energy enterprises in China to improve production quality and efficiency, and the R D cost pretax plus deduction is an important tax preferential policy, which promotes the traditional energy enterprises to increase their own R D investment, improves the ability of independent innovation, and speed up the transformation and upgrading of industrial structure. Based on the data of traditional energy listed companies from 2015 to 2017, the paper analyzes the incentive effect of R D expense pretax plus deduction for traditional energy enterprises. The regression analysis shows the R D cost pretax plus deduction is effectively able to encourage the traditional energy enterprises enlarging R D investment. However, the debt-paying ability, operating capacity and profitability will affect the intensity of R D investment and pretax plus deduction. Traditional energy enterprises need to improve the efficiency of production and operation, the quality of R D, and continuously promote industrial transformation and upgrading.