The Impact Of Financial Subsidies And Tax Incentives On Enterprise Innovation Performance

The Party’s report on the 20th National Congress stressed that achieving carbon neutrality is a key requirement for implementing the new development concept and promoting high-level development.Traditional cars will cause serious environmental pollution in the process of driving.To vigorously develop new energy vehicles,replace oil with electricity,can effectively reduce the emission of pollutants,therefore,since 2009.China began to implement the subsidy policy for new energy vehicles,in order to realize the market-oriented development of the new energy automobile industry,the government proposed at the end of 2016 to reduce the subsidy standard year by year,therefore,It is necessary to analyze how fiscal and tax policies will affect enterprise performance for the new energy automobile industry,analyze the extent to which such enterprises rely on fiscal and tax policies,and put forward scientific and reasonable opinions and suggestions for the government to construct fiscal and tax policies.In recent years,the relationship between government fiscal and tax support and enterprise innovation performance has become a research hotspot for scholars at home and abroad.After referring to the current relevant literature,this thesis expounds the relationship between government fiscal and tax policies and enterprise innovation performance.After completing the relevant theoretical analysis,it proposes the hypothesis and establishes the corresponding panel fixed effects model.In this study,listed companies of Chinese new-energy vehicle enterprises from 2015 to 2021 were selected as the research object.STATA16.0 software was used to discuss the impact of fiscal subsidies and tax incentives on the innovation performance of energy vehicle enterprises through panel data regression analysis,and heterogeneity analysis was carried out from the perspectives of property rights,enterprise size and region.And put forward the corresponding policy recommendations.The following conclusions can be drawn from the empirical analysis:(1)The impact of fiscal subsidies on enterprise innovation performance is positively significant at the 1%level,with a regression coefficient of 2.878;the impact of tax incentives on enterprise innovation performance is positively significant at the 1%level,with a regression coefficient of 3.249;(2)The parallel implementation of these two policies will weaken the promotion effect of the other policy on enterprise innovation performance.On the other hand,the coefficient of tax incentives is significantly higher than that of government subsidies.Compared with government subsidies,tax incentives can have a more obvious effect on automobile innovation performance.(3)The relationship between financial subsidies,tax incentives and enterprise innovation performance is heterogeneous between state-owned and non-state-owned new energy vehicle enterprises;(4)The relationship between financial subsidies,tax incentives and enterprise innovation performance is heterogeneous between large and small scale new energy vehicle enterprises;(5)The relationship between financial subsidies,tax incentives and enterprise innovation performance is heterogeneous among new energy vehicle enterprises in different regions...