Author(s)

Zheng TingTing, Huang YunSheng, Wang Hong

Corresponding Author

Zheng TingTing

Abstract

This paper studies the relationship among tax preferences, R&D and innovation quality by taking the listed enterprises in Shanghai and Shenzhen from 2008 to 2017 as samples. The study finds that (1) tax preferences can affect innovation quality by R&D, there is a “partial intermediary effect” among tax preferences, R&D and innovation quality. Based on the further test of the heterogeneity of property rights, it finds that the relations among the three show obvious differences in property rights. In non-state-owned enterprises, “partial intermediary effect” is established; in state-owned enterprises, “partial intermediary effect” is not established. Further study on the impact of R&D and innovation quality on enterprise performance shows that both R&D and innovation quality can significantly promote the improvement of enterprise performance. Innovation quality plays a “partial mediating effect” in the relationship between R&D and enterprise performance, and this mediating effect is only significant in non-state-owned enterprises.

Keywords

Tax preference; R&D; innovation quality; mediation effect