Identification of High-tech Enterprises, Tax Incentives and Companies' Technology Innovation: The Moderating Role of Marketization Level

Abstract

Abstract: Using samples of Chinese A-share listed and high-tech companies in the period of validity by the end of 2016 and Bootstrap method, this paper tests the mechanism of the policy of identification of high-tech enterprises stimulating companies' technology innovation and the effect of external environment. The empirical study finds that identification of high-tech enterprises significantly stimulates companies' technology innovation, and tax incentive plays a complete mediating role between them. Marketization level plays a noticeable adjusting function in the relationship between identification of high-tech enterprises and tax incentive, and between tax incentive and companies' technology innovation. This study offers an important reference for scientific evaluation of the effectiveness of the policy of identification of high-tech enterprises and the government to further improve the market environment.

Key words: identification of high-tech enterprises, tax incentives, technology innovation, marketization level, moderated mediation

Xu Lingling, Yang Zheng, Liu Fang. Identification of High-tech Enterprises, Tax Incentives and Companies' Technology Innovation: The Moderating Role of Marketization Level[J]. Management Review, 2021, 33(2): 130-141.

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