财政收入目标增长率、征税努力与企业创新

财经论丛 ›› 2025, Vol. 41 ›› Issue (1): 37-46.

财政收入目标增长率、征税努力与企业创新

肖叶¹, 唐为²

1.上海商学院商务经济学院, 上海 201400;
2.上海财经大学公共经济与管理学院, 上海 200433

收稿日期:2024-03-14 出版日期:2025-01-10 发布日期:2025-01-13
通讯作者: 唐为(1985—),男,河南商丘人,上海财经大学公共经济与管理学院副教授,博士生导师。
作者简介:肖叶(1991—),男,湖南邵阳人,上海商学院商务经济学院讲师,博士。
基金资助:
国家自然科学基金面上项目(72273086);教育部人文社科项目规划基金(21YJA790049);上海商学院高原学科专项项目(SWJJ-GYZX-2021-08)

Target Growth Rate of Fiscal Revenue, Tax Collection Efforts and Enterprise Innovation

XIAO Ye¹, TANG Wei²

1. School of Business and Economics, Shanghai Business School, Shanghai 201400, China;
2. School of Public Economics and Administration, Shanghai University of Finance and Economics, Shanghai 200433, China

Received:2024-03-14 Online:2025-01-10 Published:2025-01-13

摘要/Abstract

摘要： 作为目标管理责任制的重要组成部分,财政收入目标增长率是理解我国企业经营绩效和创新水平的重要视角。本文利用2008—2022年沪深A股非金融类上市公司数据与政府工作报告中财政收入目标增长率数据,实证考察了财政收入增长目标率对企业创新水平的影响。研究发现,财政收入目标增长率显著抑制了企业创新水平提升,这一抑制效应主要集中在财政收支缺口小的地区、中小型企业以及非高新技术企业。进一步的工具变量检验也支持了上述研究结论。机制分析结果表明,财政收入目标增长率通过加强税收征管抑制了企业创新水平提升。本文对理解企业创新行为的影响因素提供了新视角,为提升企业创新水平、加快推进创新驱动发展战略提供了有益参考。

关键词: 财政收入目标增长率, 企业创新, 税收征管, 目标管理责任制

Abstract: As an important component of the target management responsibility system, the target growth rate of fiscal revenue is an important perspective for assessing the operational performance and innovation level of Chinese enterprises. This article empirically examines the impact of the target growth rate of fiscal revenue on the innovation capacity of enterprises, by using the data from non-financial listed companies of the Shanghai and Shenzhen A-shares from 2008 to 2022 and the target growth rate of fiscal revenue in previous work reports of prefecture and above level municipal governments. Research has found that the growth rate of fiscal revenue targets significantly suppresses the improvement of enterprise innovation level. This inhibitory effect is mainly concentrated in areas with small fiscal revenue and expenditure gaps, small and medium-sized enterprises, and non high-tech enterprises. Further use of instrumental variables for testing also supports the above research conclusions. The mechanism analysis results indicate that the target growth rate of fiscal revenue hinders the improvement of enterprise innovation level by strengthening tax collection and management. This article provides a new perspective on understanding the influencing factors of corporate innovation behavior, and provides useful references for improving the innovation capacity of enterprises and accelerating the promotion of innovation-driven development strategies.

Key words: Target Growth Rate of Fiscal Revenue, Enterprise Innovation, Tax Collection and Management, Target Management Responsibility System

中图分类号:

F812.4

肖叶, 唐为. 财政收入目标增长率、征税努力与企业创新[J]. 财经论丛, 2025, 41(1): 37-46.

参考文献

[1]白云霞, 唐伟正, 刘刚. 税收计划与企业税负[J]. 经济研究, 2019, (5): 8-112.
[2]Shih V., Adolph C., Liu M. Getting Ahead in the Communist Party: Explaining the Advancement of Central Committee Members in China[J]. American Political Science Review, 2012, 106(1): 166-187.
[3]吕冰洋, 郭庆旺. 中国税收高速增长的源泉: 税收能力和税收努力框架下的解释[J]. 中国社会科学, 2011, (2): 76-90, 221-222.
[4]张克中, 欧阳洁, 李文健. 缘何“减税难降负”: 信息技术、征税能力与企业逃税[J]. 经济研究, 2020, (3): 116-132.
[5]Jorgenson D. W. Capital Theory and Investment Behavior[J]. American Economic Review, 1963, 53(2): 247-259.
[6]Hall R. E., Jorgenson D. W. Tax Policy and Investment Behavior[J]. American Economic Review, 1967, 57(3): 391-414.
[7]Waegenaere D. A., Sansing R. C., Wielhouwer. J. L. Multinational Taxation and R&D Investments[J]. Accounting Review, 2012, 87(4): 1197-1217.
[8]Howell A. Firm R&D, Innovation and Easing Financial Constraints in China: Does Corporate Tax Reform Matter?[J]. Research Policy, 2016, 45(10): 1996-2007.
[9]Liu Y. Enterprise Tax Burden and R&D Investment: Evidence from Chinese GEM Listed Companies[C/OL]// Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022). Dordrecht: Atlantis Press, 2022[2024-09-03]. https://www.atlantis-press.com/proceedings/fmet-22/125978364.
[10]王贤彬, 刘淑琳, 黄亮雄. 经济增长压力与地区创新——来自经济增长目标设定的经验证据[J]. 经济学(季刊), 2021, (4): 1147-1166.
[11]郑世林, 崔欣, 姚守宇, 等. 目标驱动创新:来自地方政府工作报告的微观证据[J]. 世界经济, 2023, (8): 55-79.
[12]Tsui K. Y., Wang Y. Between Separate Stoves and a Single Menu: Fiscal Decentralization in China[J]. China Quarterly, 2004, 177, 71-90.
[13]杨国林, 张阳凡, 何凌. 新常态下地税部门税收收入计划模式研究[J]. 经济研究参考, 2017, (17): 59-62, 67.
[14]Blanchard O., Shleifer A. Federalism with and without Political Centralization: China vs. Russia[J]. IMF Economic Review, 2001, 48: 171-179.
[15]Chen S. X. The Effect of a Fiscal Squeeze on Tax Enforcement: Evidence from a Natural Experiment in China[J]. Journal of Public Economics, 2017, 147: 62-76.
[16]陈晓光. 财政压力、税收征管与地区不平等[J]. 中国社会科学, 2016, (4): 53-70, 206.
[17]李彬, 郑雯, 马晨. 税收征管对企业研发投入的影响——抑制还是激励?[J]. 经济管理, 2017, (4): 20-36.
[18]Berger P. G., Explicit and Implicit Tax Effects of the R&D Tax Credit[J]. Journal of Accounting Research, 1993, 31(2): 131-171.
[19]李林木, 汪冲. 税费负担、创新能力与企业升级——来自“新三板”挂牌公司的经验证据[J]. 经济研究, 2017, (11): 119-134.
[20]林志帆, 刘诗源. 税收负担与企业研发创新——来自世界银行中国企业调查数据的经验证据[J]. 财政研究, 2017, (2): 98-112.
[21]沈坤荣, 付文林. 税收竞争、地区博弈及其增长绩效[J]. 经济研究, 2006, (6): 16-26.
[22]Lotz J. R., Morss E. R. Measuring “Tax Effort” in Developing Countries[J]. IMF Economic Review, 1967, 14: 478-499.
[23]吕炜, 王友友, 王睿新. 税收努力与官员个人效应[J]. 经济学(季刊), 2022, (2): 445-464.