دانلود مقاله ISI انگلیسی شماره 49897
عنوان فارسی مقاله

آیا اعتبار مالیاتی تحقیق و توسعه مخارج تحقیق و توسعه را تحت تاثیر قرار میدهد؟ اصلاح اعتبار مالیاتی تحقیق و توسعه ژاپنی در سال 2003

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
49897 2014 26 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Does an R&D tax credit affect R&D expenditure? The Japanese R&D tax credit reform in 2003 ☆
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of the Japanese and International Economies, Volume 31, March 2014, Pages 72–97

کلمات کلیدی
تحقیق و توسعه - اعتبار مالیاتی - محدودیت مالی - ژاپن
پیش نمایش مقاله
پیش نمایش مقاله آیا اعتبار مالیاتی تحقیق و توسعه مخارج تحقیق و توسعه را تحت تاثیر قرار میدهد؟ اصلاح اعتبار مالیاتی تحقیق و توسعه ژاپنی در سال 2003

چکیده انگلیسی

To what extent does a tax credit affect firms’ R&D activity? What are the mechanisms? This paper examines the effect of R&D tax credits on firms’ R&D expenditure by exploiting the variation across firms in the changes in the eligible tax credit rate between 2000 and 2003. Estimating the first-difference equation of the linear R&D model by panel GMM, we find the estimated coefficient of an interaction term between the eligible tax credit rate and the debt-to-asset ratio is positive and significant, indicating that the effect of tax credit is significantly larger for firms with relatively large outstanding debts. Conducting counterfactual experiments, we found that the aggregate R&D expenditure in 2003 would have been lower by 3.0–3.4 percent if there had been no tax credit reform in 2003, where 0.3–0.6 percent is attributable to the effect of financial constraint, and that the aggregate R&D expenditure would have been larger by 3.1–3.9 percent if there had been no cap on the amount of tax credits, where 0.3–0.8 percent is attributable to relaxing the financial constraint of firms with outstanding debts.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.