Research on the Impact of R&D Expense Deduction Policy on Human Capital Structure of Manufacturing Enterprises
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i6.3185
Abstract
In the current tax incentive landscape, the accelerated depreciation of R&D expenses stands as a paramount policy tool in boosting manufacturing firms' investment in human capital. This study employs a sample of Chinese A-share manufacturing listed companies from 2013 to 2022, treating the 2018 R&D expense deduction policy as an exogenous shock. The analysis initiates with a common trend test, followed by adifference-in-differences (DiD) model for the main effect regression, focusing on the mediating role of R&D expenditure in the policy's impact on the firm's human capital structure.
Keywords
tax incentives, manufacturing firms, human capital structure, difference-in-differences (did) model
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[3] Duguet E. The effect of the incremental R&D tax credit on the private funding of R&D: an econometric evaluation on french firm level data [J]. Working Papers, 2012(03):405-435.
[4] Dai Tianshi, Zhao Qi. Innovation incentive policy and enterprise skill requirements — Evidence from the r & D expense additional deduction policy [J]. Financial Research, 2022 (03): 92-112.
[5] Yuan Dongmei, Zhou Lei, Yuan Li. The impact of technology innovation mode transformation on the employment structure of labor force — Based on the data of listed manufacturing companies [J]. Population Science of China, 2021 (06): 81-95,128.
[6] Zheng Liming, Li Ming, Li Degang. Innovation-oriented tax reduction and employment structure upgrading — test based on additional deductions for R & D expenses [J]. Academic Monthly, 2021,53 (06): 87-98.
[7] Liu Qiren, Zhao Can. Tax policy incentives and human capital upgrading of enterprises [J]. Economic Research, 2020,55 (04): 70-85.
[8] WEN Zhonglin, FANG Jie, XIE Jinyan, et al. A methodological study of the domestic intermediary effect [J]. Progress in Psychological Science, 2022, 30(08):1692-1702.
[9] LI Xin, TANG Hengyun, TAO Dongjie, SUN Xiaojun. A study on the impact of R&D expense plus deduction policy on corporate R&D investment--evidence from listed companies in China [J]. Macroeconomic Research, 2019(08):81-93, 169.
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