The Frontiers of Society, Science and Technology, 2024, 6(4); doi: 10.25236/FSST.2024.060403.
Dawa Zhuoma, Wang Jie, Yan Jing
School of Economics and Management, Southeast University, Nanjing, China
Adhering to innovation stands as the core of national modernization endeavors. Innovation is seen as a key driver of high-quality economic development, with businesses playing a crucial role in advancing technology and innovation. The R&D expense deduction policy is a tax incentive aimed at promoting enterprise innovation and easing the financial burden of R&D costs. This policy has been in place in China for 28 years. To examine the effectiveness of China's R&D expense deduction policy and its impact on enterprise innovation, this paper conducts a literature review on "R&D expense deduction policy and enterprise innovation." The findings indicate that the policy has successfully encouraged increased R&D investment by enterprises, but its ability to enhance their R&D capabilities and output is limited. In essence, while the policy boosts R&D investment, it does not necessarily improve enterprises' R&D capabilities.
R&D Expense Deduction Policy, Enterprise Innovation, Innovation policy
Dawa Zhuoma, Wang Jie, Yan Jing. The R&D Expense Deduction Policy and Enterprise Innovation: A Literature Review. The Frontiers of Society, Science and Technology (2024), Vol. 6, Issue 4: 22-25. https://doi.org/10.25236/FSST.2024.060403.
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