An Empirical Study On The Impact Of Finance And Taxation Policy On Business Performance Of Zhejiang High-end Equipment Manufacturing Industry

High-end equipment manufacturing industry is the core module of manufacturing industry.The development of high-end equipment manufacturing industry plays an irreplaceable role in manufacturing industry and even the overall economic development.Zhejiang Province,as a strong economic province in China,is the representative province of advanced manufacturing industry in China.The actual impact of fiscal and tax subsidies on high-end equipment manufacturing industry in Zhejiang Province It has a strong reference significance for the development of high-end equipment manufacturing industry and other provinces.Based on the integration of relevant reviews and analysis of relevant theories,this paper studies the impact of fiscal and taxation policies on the performance of high-end equipment manufacturing enterprises,taking innovation input and innovation production as moderating variables,combining with the development of high-end equipment manufacturing industry in Zhejiang Province in recent years.In this paper,the combination of theoretical analysis and empirical analysis is used to analyze the impact of fiscal and taxation policies on business performance.Firstly,this paper analyses and summarizes the relevant literature,and defines the concepts of high-end equipment manufacturing industry studied in this paper.Secondly,combining innovation theory,Keynesian Macro-control Theory and information asymmetry theory,this paper puts forward the hypothesis of this study,and considers the regulatory role of innovation input and innovation production in it.After that,we make an empirical analysis based on the data of enterprises,financial subsidies and tax preferences,and draw the following conclusions: Firstly,fiscal andtax policies have a positive effect on business performance;secondly,innovation investment has a positive effect on business performance in financial subsidies and tax preferences;thirdly,innovators have a positive effect on business performance;thirdly,innovators have a positive effect on business performance.Production has no significant moderating effect on financial subsidy and business performance,while innovative production has a significant negative moderating effect on tax incentives and business performance.Finally,based on the theoretical summary and empirical analysis,this paper puts forward relevant suggestions.First,we should continue to give appropriate financial and tax preferences to high-end equipment manufacturing enterprises and strengthen supervision;second,from the perspective of the regulatory effect of innovation investment,the government should focus on financial subsidies and tax preferences to enterprises with larger innovation investment;third,when giving tax preferences to enterprises,we should appropriately reduce the preferences to enterprises with more innovation production investment.