Research On The Impact Of Finance And Tax Incentives, External Environment And R&D Investment In Strategic Emerging Industries

Since The 18 th National Congress of the Communist Party of China,our economy has gradually changed from rapid development to high quality development.With the deepening of reform,the traditional industry development power is insufficient,structural imbalances in supply and demand in the real economy are gradually emerging,once relied on the factor input extensive development pattern urgently needs to change,and the innovation is a good method to economic reform and industrial transformation.Strategic emerging industries are the frontiers for fostering new kinetic energy and scientific and technological innovation,it is of great strategic significance to guide the direction of scientific and technological revolution and industrial change in China.Fiscal and taxation policy,as a conventional means of regulating and controlling the economy,has always played an important role in the national governance system.In order to promote the development of new industries,the state has also given a series of fiscal and taxation support policies,and its implementation effect is necessary to verify.On the other hand,under the special background of China,enterprises are faced with the influence from the external environment,such as the level of regional marketization,the interference of local government behavior and so on.These influences also exist in the transmission mechanism of fiscal and taxation policy,which to some extent affects the effect of policy implementation.On the basis of fully reading the literature at home and abroad,this paper mainly studies three aspects.First,from the theoretical point of view,the paper analyzes the mechanism of fiscal and taxation policy and external environment in influencing the innovation activities of enterprises respectively,and clarifies the relevant concepts and core theories.The effective implementation of fiscal and taxation policy can optimize the allocation of market resources,strengthen the capital supply of enterprises,and guide enterprises to innovate to alleviate market failure.The business development of the enterprise is closely related to its environment,and a better market environment is conducive to the enterprise to obtain more quality resources,and then promote the development of innovation activities.Secondly,it analyzes the current situation and existing problems of strategic emerging industries,relevant fiscal and tax incentive policies,and the external environment of enterprises.Under the background of tax reduction and fee reduction,the state has issued a series of fiscal and tax preferential policies to support the development of strategic emerging industries,but there are still some problems,such as weak overall strength,loopholes in operation mode,and less indirect preferential policies.The role of the external environment has been paid more and more attention.The achievements of market environment construction are obvious to all,butthe regional imbalance is still a commonplace.Third,by selecting the relevant micro data of some strategic emerging industry enterprises,the model is constructed for empirical analysis.The results show that financial subsidies and tax preferences have a significant positive effect on R&D investment of strategic emerging enterprises.In the further investigation of the external environmental impact,it is found that the external environmental variables also play a significant role in the implementation of the policy,and the higher the degree of marketization of the enterprises in the region,the better the effect of the fiscal and taxation policy incentive enterprise innovation investment,and the greater the financial pressure of the local government,the worse the effect of the fiscal and taxation policy incentive enterprise innovation investment.On this basis,this paper further analyzes and draws lessons from the practical experience of developing strategic emerging industries in some developed countries in Europe and America,and summarizes the policy implications for the development of new industries in China.On this basis,this paper puts forward some suggestions from three aspects: first,it is necessary to perfect the existing tax preferential policy system,increase the construction of indirect tax preference,at the same time,it should pay attention to the relevant policy system of industry upstream and downstream,and attach importance to the cultivation of human capital.Second,it is necessary to restructure the operating framework of financial subsidy policy,improve the efficiency of the use of funds and improve the relevant supervision and feedback mechanism on the basis of continuing to increase financial support.Thirdly,deepen the reform of the financial system.Facing the increasingly tight financial situation of the local government,we must rely on the system reform to regulate the behavior of the local government,reshape the performance appraisal mechanism,and innovate the government incentive mode.Fourthly,we should further deepen the reform of the market-oriented system,take the reform as an opportunity to raise the level of government services and optimize the business environment in the market.Fifthly,we should continue to improve the intellectual property protection system and crack down on crimes of infringement.Sixthly,it is necessary to speed up the construction of the integrated mode of industry,university and research,promote the colleges and enterprises to fully complement each other,take advantage of their strengths and circumvent their weaknesses,work together to innovate and develop together.