工业技术经济2025，Vol.44Issue(5)：3-12,10.DOI:10.3969/j.issn.1004-910X.2025.05.001
财税政策与企业新质生产力
Fiscal and Tax Policies and New Quality Productivity of Enterprises
摘要
Abstract
Based on the panel data of China's Shanghai and Shenzhen A-share listed companies in 2014～2023,this paper constructs a chain multiple mediating effect model to empirically test the heterogeneous impact of financial subsidies and tax incen-tives on the new quality productivity of enterprises and its action mechanism.The research shows that financial subsidies and tax in-centives can significantly promote the development of new quality productivity of enterprises,and the conclusion is still established after the robustness test and endogenous analysis.Mechanism analysis shows that financing constraints and risk assumption not only play an independent intermediary role,but also play a chain intermediary role between financial subsidies,tax incentives and the new quality productivity of enterprises.The heterogeneity analysis shows that the fiscal subsidy and tax preferential policies have a more significant marginal promotion effect on the new quality productivity of non-state-owned enterprises and enterprises located in central cities.关键词
财税政策/财政补贴/税收优惠/融资约束/风险承担/新质生产力/链式中介效应/企业高质量发展Key words
fiscal and taxation policy/financial subsidies/tax incentives/financing constraints/risk taking/new quality productivity/chain mediation effect/high quality development of enterprises分类
管理科学引用本文复制引用
杨志安,侯耀威..财税政策与企业新质生产力[J].工业技术经济,2025,44(5):3-12,10.基金项目
国家社会科学基金重大项目"人口增长趋势的经济社会影响及应对研究"(项目编号:22&ZD195) （项目编号:22&ZD195）
辽宁省教育新型智库项目"辽宁经济高质量发展的财税支持研究"(项目编号:LZK202003). （项目编号:LZK202003）
