浙财会计学者@新传速递

我院方军雄博士与复旦大学博士生于雪航博士撰写的学术论文“Tax credit rating and corporate innovation decisions”在《China Journal of Accounting Research》2022年第1期发表。

论文摘要：

The tax credit rating mechanism was formally implemented in 2014. As an important tax collection and management innovation, it has attracted the attention of regulatory authorities and scholars. Different from the literature that directly examines corporate tax compliance, we focus on the impact of tax credit rating implementation on corporate research and development (R&D) investment decisions. Using listed companies’ data from 2014 to 2019, we find that companies with higher tax credit ratings invest more in innovation, because the system helps managers identify R&D opportunities, alleviates corporate financing constraints and reduces agency costs. We confirm that tax credit ratings have manifold impacts on corporate information environments and business decisions, with better ratings positively affecting firms’ business decisions. This discovery can inform tax policy reform, encourage corporate innovation and construct social credit systems.

教师简介：

方军雄，博士，教授、博士生导师，主要从事会计与资本市场、制度环境与资源配置效率、公司治理与薪酬机制、公司税收筹划方面的研究。