Research On Compliance's Influence To Corporate Innovation

With the advancement of the rule of law society in China,the requirements for enterprise compliance are becoming more and more specific,and relevant investigation and punishment are also enhancing.Therefore,this paper explores the impact of corporate compliance on enterprise innovation and its impact path.Firstly,after reviewing the literature,this paper finds that in the past scholars have abundant research results on enterprise innovation,but the research on enterprise compliance is rare.Then,according to the existing relevant theories,this paper puts forward the possible impact path of enterprise compliance on enterprise innovation.Then,this paper selected the data of Chinese industrial enterprises at the enterprise level from 1999 to 2007 as the research object through the "China Industrial Enterprise Database",and extracted the GDP data of 287 cities from the "China City Statistics Yearbook",sorting out the data needed for this study.This paper constructs the indicators of enterprise compliance through three dimensions of enterprise environmental protection compliance,taxation compliance and labor compliance,studies the overall impact of enterprise compliance on enterprise innovation,and further investigates enterprise grouping according to enterprise property rights structure and enterprise intensity,and uses the three dimensions of enterprise compliance as intermediary variables to retest the effect.Empirical research results show that:(1)There is a significant positive correlation between compliance intensity and innovation level;(2)Corporate tax compliance is conducive to the financing of enterprises from multiple channels such as financial institutions,government agencies and counterparties.It can promote enterprise innovation by increasing innovative financing;(3)Environmental protection compliance is conducive to the financing of enterprises from multiple channels such as financial institutions,government agencies and counterparties.It can promote enterprise innovation by increasing innovative financing;(4)Labor compliance of employees can attract and retain innovative talents,thereby improving the effectiveness of R&D and promoting enterprise innovation.Finally,this paper puts forward relevant policy recommendations from corporate tax?environmental protection and labor compliance perspectives.