农业上市公司研发强度、税收优惠与创新绩效的关系研究——基于资源基础理论

doi:10.13776j.cnki.resourcesindustries.20230426.005

摘要/Abstract

摘要： 农业是我国社会经济发展的基础性产业，提升农业上市公司的创新能力是推进农业现代化、实现乡村振兴的重要基石。资源是影响企业研发创新的重要因素，基于资源基础理论分析我国农业上市公司研发强度对创新绩效的影响及其作用机制，并将税收优惠纳入模型，进一步研究在不同土地资源禀赋条件下研发强度与创新绩效之间的关系是否存在差异，为农业上市公司制定研发战略和提升创新绩效提供经验数据与决策支持。以2011—2020年A股农业上市公司为研究对象，根据Hausman检验结果，采用双重固定效应模型实证分析研发强度与创新绩效的关系，并检验税收优惠在其中的调节作用。结果表明：农业上市公司研发强度与创新绩效之间存在倒U型关系，研究期内大多数样本公司处于曲线的上升阶段，而且税收优惠正向调节研发强度与创新绩效的倒U型关系。进一步进行机制检验发现，农业上市公司研发强度通过影响沉淀冗余资源作用于创新绩效；对于较高土地资源禀赋地区的企业，研发强度对创新绩效的作用更为显著。合理的研发强度对农业上市公司创新绩效增长有重要影响，因此我国农业上市公司应立足自身资源禀赋和发展实际，加强区域间研发合作，因地制宜地拓展农业多功能和增值增效空间，增加研发强度以更好地提升创新绩效，进而形成企业核心竞争力。未来要警惕研发强度过高带来的消极影响，政府相关部门应动态调整税收优惠政策，最大程度地发挥税收优惠的激励作用。

关键词: 资源基础理论, 研发强度, 创新绩效, 税收优惠, 农业上市公司

Abstract: Agriculture is China‘s fundamental industry. Improving innovative ability of agricultural listed companies is the key to boosting agricultural modernization and developing rural areas.Resource is an important factor in companies‘ R&D and innovation. This paper uses resource-based theory to study the influence of R&D intensity of China‘s listed agricultural companies on their innovative performance and its mechanism,and incorporates tax incentive into model to reveal the relation between R&D intensity and innovative performance under different land resources, which can provide references for listed agricultural companies to make R&D strategy and improve innovative performance. This paper, based on the data of China‘s 2011 to 2020 A-listed agricultural companies, uses Hausman test and dual fixed effect model to study the relation between R&D intensity and innovative performance, and checks the mediation of tax incentive.Results show an upside-down U-shape relation, with most companies in the rising stage, boosted by the tax incentive. R&D intensity promotes innovative performance through precipitation of redundant resources, outstandingly in those companies with more land resources. Proper R&D intensity impacts the growth of listed companies ‘ innovative performance.This paper gives proposals for China‘s listed agricultural companies to boost regional R&D cooperation based on their resources and developing status,expand the space for agricultural multi-function and value-added efficiency, increase their R&D intensity to improve their innovative performance as a core competitiveness, but beware of over R&D intensity bringing negative impacts. Governments shall dynamically use tax policies to maximize its incentive.

Key words: resource-based theory, R&D intensity, innovative performance, tax incentive, listed agricultural company

中图分类号:

杜晓荣, 李雨凡. 农业上市公司研发强度、税收优惠与创新绩效的关系研究——基于资源基础理论[J]. 资源与产业, 2023, 25(3): 121-132.

DU Xiaorong, LI Yufan.

R&D INTENSITY, TAX INCENTIVE AND INNOVATIVE PERFORMANCE OF CHINA ‘S LISTED AGRICULTURAL COMPANIES: BASED ON RESOURCEBASED THEORY [J]. Resources & Industries, 2023, 25(3): 121-132.

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