增值税税负如何影响制造业企业升级？——来自中国上市公司的证据

财经论丛 ›› 2020, Vol. 36 ›› Issue (6): 21-30.

增值税税负如何影响制造业企业升级？——来自中国上市公司的证据

刘建民¹,唐红李²,杨婷婷³

1.湖南财政经济学院,湖南长沙 410205;
2.湖南大学经济与贸易学院,湖南长沙 410006;
3.成都理工大学管理科学学院,四川成都 610059

收稿日期:2019-09-16 出版日期:2020-06-10 发布日期:2020-06-16
作者简介:刘建民(1964-),男,湖南湘乡人,湖南财政经济学院教授、副院长,湖南大学经济与贸易学院博士生导师;唐红李(1988-),女,湖南东安人,湖南大学经济与贸易学院博士生,通讯作者:杨婷婷(1999-),女,四川自贡人,成都理工大学管理科学学院研究助理。
基金资助:
国家税务总局湖南省税务局科研项目

How does the VAT Burden Affect the Upgrading of Manufacturing Enterprises? ——Evidence from Chinese Listed Companies

LIU Jianmin^1,2,TANG Hongli²,Yang Tingting³

1.Hunan University of Finance and Economics, Changsha 410205, China;
2.School of Economy and Trade, Hunan University, Changsha 410006, China;
3.College of Management Science, Chengdu University of Technology,Chengdu 610059, China

Received:2019-09-16 Online:2020-06-10 Published:2020-06-16

摘要/Abstract

摘要： 我国制造业增值税税负在各大行业中居于较高水平,制造业企业对增值税减税的获得感不强,增值税实际税负依然较重,增值税税负对制造业企业升级的“质”和“量”均存在一定的影响。本文基于2012～2018年我国A股上市公司面板数据,通过系统GMM模型的实证研究发现,增值税税负对企业升级的“质”和“量”产生了显著的抑制作用,这种抑制作用在中小企业体现得尤为明显。建议在制度设计和征收管理上对增值税进行改革,为助推制造业高质量发展提供财税制度保障。

关键词: 增值税税负, 制造业企业升级, 系统GMM模型, 税制改革

Abstract: China's manufacturing VAT tax rate is at a relatively high level among all major industries. Manufacturing enterprises do not enjoy much deduction of VAT tax, and the actual tax burden of VAT for manufacturing enterprisesis still relatively heavy. VAT taxation has a certain impact on both the “quality” and the “quantity” of enterprises’ upgrading. Based on the panel data of China's A-share listed companies in 2012～2018, this paper finds that the VAT tax burden has a significant inhibitory effect onenterprises’ innovation investment and return on assets, which is particularly obvious in small and medium-sized enterprises.It is recommended to reform the value-added tax in the system design and collection management to provide financial and taxation system guarantee for the high-quality development of the manufacturing industry.

Key words: VAT Tax Burden, Manufacturing Enterprise Upgrading, System GMM Model, Tax Reform

中图分类号:

F113.1

刘建民,唐红李,杨婷婷. 增值税税负如何影响制造业企业升级？——来自中国上市公司的证据[J]. 财经论丛, 2020, 36(6): 21-30.

LIU Jianmin,TANG Hongli,Yang Tingting. How does the VAT Burden Affect the Upgrading of Manufacturing Enterprises? ——Evidence from Chinese Listed Companies[J]. , 2020, 36(6): 21-30.

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