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題名 The incentive effects of R&D tax credits: An empirical examination in an emerging economy
作者 陳明進
Chen, Ming-Chin
Gupta, Sanjay
貢獻者 會計學系
關鍵詞 Research and development expenditure; R&D tax credits; Tax incentives; Emerging economy
日期 2017-04
上傳時間 22-Nov-2017 16:25:39 (UTC+8)
摘要 This paper investigates whether an increase in the R&D tax credit rate stimulates firms’ incremental R&D spending. We find that the increase in the credit rate has a positive effect on the R&D spending of high-tech firms with taxable status, but does not have the same positive effect on non-high tech firms. These results indicate that tax incentives alone may not be effective to increase R&D spending if firms do not have profitable innovation opportunities. Further, we find that when the tax incentive is structured as a credit based on incremental R&D spending over a moving-average base, firms opportunistically time their R&D spending patterns to obtain additional tax credits, resulting in greater variability in R&D spending and potentially the unintended loss of tax revenues. This study contributes to the ongoing global debate about the efficacy of tax policies toward R&D by providing firm-level evidence from a large cross-section of firms in an emerging economy.
關聯 Journal of Contemporary Accounting & Economics, Volume 13, Issue 1, Pages 52-68
資料類型 article
DOI https://doi.org/10.1016/j.jcae.2017.01.001
dc.contributor 會計學系
dc.creator (作者) 陳明進zh_TW
dc.creator (作者) Chen, Ming-Chinen_US
dc.creator (作者) Gupta, Sanjayen_US
dc.date (日期) 2017-04
dc.date.accessioned 22-Nov-2017 16:25:39 (UTC+8)-
dc.date.available 22-Nov-2017 16:25:39 (UTC+8)-
dc.date.issued (上傳時間) 22-Nov-2017 16:25:39 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/114856-
dc.description.abstract (摘要) This paper investigates whether an increase in the R&D tax credit rate stimulates firms’ incremental R&D spending. We find that the increase in the credit rate has a positive effect on the R&D spending of high-tech firms with taxable status, but does not have the same positive effect on non-high tech firms. These results indicate that tax incentives alone may not be effective to increase R&D spending if firms do not have profitable innovation opportunities. Further, we find that when the tax incentive is structured as a credit based on incremental R&D spending over a moving-average base, firms opportunistically time their R&D spending patterns to obtain additional tax credits, resulting in greater variability in R&D spending and potentially the unintended loss of tax revenues. This study contributes to the ongoing global debate about the efficacy of tax policies toward R&D by providing firm-level evidence from a large cross-section of firms in an emerging economy.en_US
dc.format.extent 449839 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Journal of Contemporary Accounting & Economics, Volume 13, Issue 1, Pages 52-68en_US
dc.subject (關鍵詞) Research and development expenditure; R&D tax credits; Tax incentives; Emerging economyen_US
dc.title (題名) The incentive effects of R&D tax credits: An empirical examination in an emerging economyen_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/j.jcae.2017.01.001
dc.doi.uri (DOI) https://doi.org/10.1016/j.jcae.2017.01.001