中国卫生事业管理2026，Vol.43Issue(3)：290-295,343,7.
政府税费返还、医药企业研发投入与市场绩效
Study on the Relationship among Government Tax Refunds,Pharmaceutical Enterprises R&D Investment and Mar-ket Performance
摘要
Abstract
Objective To investigate the relationship among government tax refunds,R&D investment of pharmaceutical enter-prises,and corporate market performance,and provide a basis for the Chinese government to formulate and optimize innovation in-centive policies.Methods Based on panel data from 57 listed pharmaceutical companies from 2016 to 2024,an empirical analysis was conducted using a panel data simultaneous equations model.Results Although R&D investment and government tax refunds have a bidirectional promoting effect,the promoting effect of government tax refunds on R&D investment is significantly weaker than that of R&D investment on government tax refunds.Compared to the group included in the medical insurance directory(0.205),the pro-moting effect of government tax refunds on R&D investment was greater in the group not included in the medical insurance directory(0.494).Compared to the group not included in the medical insurance directory(0.06),the promoting effect of domestic pharma-ceutical enterprises'R&D investment on market performance was stronger in the group included in the medical insurance directory(0.134).Conclusion Establish government tax refunds policies linked to R&D investment is more conducive to increasing R&D in-vestment in domestic pharmaceutical enterprises.From an incentive perspective,domestic pharmaceutical enterprises not included in the medical insurance directory may require more targeted incentives to effectively promote their R&D activities.关键词
政府税费返还/医药企业/研发投入/企业市场绩效/三阶段最小二乘法/面板数据Key words
tax refunds/pharmaceutical company/R&D investment/enterprise market performance/three-stage least squares/panel Data分类
医药卫生引用本文复制引用
许晴,谢宇婷,王雅婧,翟金龙,傅书勇..政府税费返还、医药企业研发投入与市场绩效[J].中国卫生事业管理,2026,43(3):290-295,343,7.基金项目
辽宁省社会科学规划基金教育学项目"新时代辽宁高等教育结构优化与地区经济增长关系研究"(L22AED008) （L22AED008）
