Financial subsidies, tax incentives, and new energy vehicle enterprises’ innovation efficiency: Evidence from Chinese listed enterprises

Qian, Binhua

doi:10.1371/journal.pone.0293117

Cited by 4 publications

(1 citation statement)

References 40 publications

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“…Tax incentives are mainly ex post incentives through the implementation of tax exemptions, tax rebates, and additional deductions for R&D expenses to reduce the marginal cost of innovation for firms [36] and to help firms accumulate internal funds so that they have the ability to compete for innovation projects in the market [26]. Both tax incentives and government subsidies can increase firms' investment in innovative R&D, but there are differences between the two in terms of incentive methods, implementation costs, and incentive effects [37]. Overall, through the above two channels, the release and implementation of industrial policy can convey positive signals to firms and the market, which can have an impact on firms' innovative behavior [38].…”

Section: The Influence Mechanism Of Industrial Policies On Innovation...mentioning

confidence: 99%

Research on the Impact of Industrial Policy on the Innovation Behavior of Strategic Emerging Industries

Yang,

Wang,

Zhou

2024

Behavioral Sciences

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Cultivating strategic emerging industries (SEIs) is an important strategy for most countries around the world to seize the economic frontier. Academics have not yet reached a unified conclusion on whether the adoption of industrial policy from the government level can effectively promote its R&D and innovation behaviors and contribute to industrial upgrading. Based on the data regarding 33,425 Shanghai and Shenzhen A-share-listed companies from 2007 to 2020, this article employs the difference-in-difference model (DID) and the mediated effect model to identify the effect and mechanism of how industrial policy affects the innovation behavior of SEIs. The results of this study show that the promulgation and implementation of industrial policies can help stimulate enterprises to carry out R&D and innovation behaviors and improve the innovation level of SEIs. Its promoting effect on state-owned enterprises is more significant than that on non-state-owned enterprises, and its promoting effect on the eastern and central regions is more significant than that on the western region. Further analysis reveals that government subsidies and tax incentives are important transmission mechanisms through which industrial policy affects firms’ innovation, with government subsidies playing a positive facilitating role and tax incentives having a negative impact.

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Section: The Influence Mechanism Of Industrial Policies On Innovation...mentioning

confidence: 99%

Research on the Impact of Industrial Policy on the Innovation Behavior of Strategic Emerging Industries

Yang,

Wang,

Zhou

2024

Behavioral Sciences

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The Government's fiscal and taxation policy effect on enterprise productivity: Policy choice and optimal allocation

Zhang,

Gong,

Huang

et al. 2024

International Review of Economics & Finance

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Managerial ability, digital transformation and innovation efficiency: empirical evidence from Chinese manufacturing listed companies

Shan,

Ko,

Wang

et al. 2024

CMS

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Purpose This study aims to examine the relationship between managerial ability and innovation efficiency, the mediating effect of digital transformation and the moderating effect of internal control. Design/methodology/approach This study collected A-share manufacturing listed companies in China from 2008 to 2019 and analyzed the data by means of multiple regression analysis, mediating effect test, moderating effect test and heterogeneity test. Finally, the authors conducted robustness test by remeasuring key variables and adding control variables. Findings The empirical results show that the higher managerial ability can improve innovation efficiency, internal control has a positive moderating effect and digital transformation plays a partial mediating effect on the relationship between managerial ability and innovation efficiency. Specially, it is found that the mediating effect of digital transformation is not significant in non-state-owned firms. Practical implications This study suggests that it is necessary to focus on the managerial ability in terms of both cultivation and supervision, to further deepen the digital transformation from the aspects of firms, government and society, especially to support the digital transformation of non-state-owned firms, and to make efforts to improve the corporate governance mechanism and internal control system, so as to better comprehensively realize the improvement of enterprise innovation efficiency. Originality/value Based on the mediating effect analysis of digital transformation and the moderating effect analysis of internal control, this study explores the role of managerial ability on innovation efficiency from a new perspective, expanding the related theoretical framework and research boundaries.

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Financial subsidies, tax incentives, and new energy vehicle enterprises’ innovation efficiency: Evidence from Chinese listed enterprises

Cited by 4 publications

References 40 publications

Research on the Impact of Industrial Policy on the Innovation Behavior of Strategic Emerging Industries

Research on the Impact of Industrial Policy on the Innovation Behavior of Strategic Emerging Industries

The Government's fiscal and taxation policy effect on enterprise productivity: Policy choice and optimal allocation

Managerial ability, digital transformation and innovation efficiency: empirical evidence from Chinese manufacturing listed companies

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