The Impact of Tax Incentives on Innovation EfficiencyIn Agricultural Enterprises: A Study of A-Share Listed Companies
Year: 2026
Type: article
Abstract: This study examines the impact of tax incentives on innovation efficiency using a longitudinal dataset of A-share listed agricultural enterprises from 2015 to 2023. Employing a fixed-effects model, the empirical results indicate a significant positive correlation between tax incentives and innovation output. Specifically, a 1% increase in tax incentives correlates with a 0.15% increase in patent applications. Heterogeneity analysis reveals that this effect is [stronger] in non-state-owned enterprises and larger firms, suggesting that private entities are more responsive to fiscal levers. Although government funding and direct subsidies are often debated in policy circles, the data suggest that tax incentive mechanisms tend to have a stronger correlation with the promotion of research and development activities, particularly in terms of moving innovations from the research phase to practical market applications. Overall, while the econometric tests using fixed-effects regression models indicate statistically significant relationships (with p-values consistently less than 0.05 for the key tax incentive coefficient), the outcomes are sensitive to firm-specific factors that might simultaneously influence leverage and innovation capacity.
DOI: 10.14419/abs80c75
Author: Zixin Liu
Institution: Seoul School of Integrated Sciences and Technologies
Language: Portuguese
Topic: Innovation Policy and R&D
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W7119469750
FWCI:
Cites:
Cited by:
Related to: