دانلود مقاله ISI انگلیسی شماره 89126
ترجمه فارسی عنوان مقاله

آیا مالیات شرکت ها مانع نوآوری می شود؟

عنوان انگلیسی
Do corporate taxes hinder innovation?
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
89126 2017 62 صفحه PDF
منبع

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

Journal : Journal of Financial Economics, Volume 124, Issue 1, April 2017, Pages 195-221

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پیش نمایش مقاله  آیا مالیات شرکت ها مانع نوآوری می شود؟

چکیده انگلیسی

We exploit staggered changes in state-level corporate tax rates to show that an increase in taxes reduces future innovation. A variety of tests, including those based on policy discontinuity at contiguous counties straddling borders of politically similar states, show that local economic conditions do not drive our results. The effect we document is consistent across the innovation spectrum: taxes affect not only patenting and R&D investment but also new product introductions, which we measure using textual analysis. Our empirical results are consistent with models that highlight the role of higher corporate taxes in reducing innovator incentives and discouraging risk-taking.