Tax Policy and R&D Investment by Australian Firms*

被引：26

作者：

Thomson, Russell ^{[1
]}

机构：

[1] Univ Melbourne, Melbourne Inst Appl Econ & Social Res, Melbourne, Vic, Australia

来源：

ECONOMIC RECORD | 2010年 / 86卷 / 273期

关键词：

O32; H25; H32; GROWTH; DIVERSIFICATION; SPECIFICATION; INTEGRATION; INCENTIVES; INNOVATION; ECONOMICS; CREDIT; PANEL;

D O I：

10.1111/j.1475-4932.2010.00636.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the determinants of investment in R&D by Australian firms, with a focus on the role of tax policy. The analysis considers an unbalanced panel of financial data of approximately 500 large Australian firms between 1990 and 2005. The principal result is that no evidence can be found that the user cost of R&D is an important determinant of firm R&D investment decisions. A corollary is that there is no evidence that tax incentives are an effective policy tool. Growth in sales is found to be the primary determinant of R&D investment, which is interpreted as evidence of the central role of demand conditions.

引用

页码：260 / 280

页数：21

共 50 条

[21] The effect of trade policy uncertainty on R&D investment: evidence from Chinese listed firms
Liu, Haiyun
Huang, Zhiliang
Wang, Xuefeng
Ma, Shaoxiong
[J]. APPLIED ECONOMICS LETTERS, 2024,
[22] The US Research & Experimentation tax credit: The case for an effective R&D investment policy incentive
Hemphill, Thomas A.
[J]. INNOVATION-ORGANIZATION & MANAGEMENT, 2009, 11 (03): : 341 - 356
[23] R&D Investment, FDI and Technology-Sourcing Firms
Deng, Qiaoli
[J]. PROCEEDINGS OF THE FOURTH INTERNATIONAL CONFERENCE ON OPERATIONS AND SUPPLY CHAIN MANAGEMENT (ICOSCM 2010), 2010, 4 : 596 - 599
[24] The founder as the microfoundation of slack resource and firms' R&D investment
Teng, Da
Li, Chengchun
Sun, Xiangdong
Tanna, Sailesh
[J]. JOURNAL OF MANAGEMENT & ORGANIZATION, 2023,
[25] Financialization and the Slowdown in Korean Firms' R&D Investment Comments
Wang, Hongxia
[J]. ASIAN ECONOMIC PAPERS, 2012, 11 (03) : 53 - 54
[26] Trade Secret Protection and R&D Investment of Family Firms
Hussinger, Katrin
Issah, Wunnam
[J]. FAMILY BUSINESS REVIEW, 2022, 35 (04) : 361 - 382
[27] Investment opportunities and R&D investments in family and nonfamily firms
Miroshnychenko, Ivan
Barontini, Roberto
De Massis, Alfredo
[J]. R & D MANAGEMENT, 2020, 50 (04) : 447 - 461
[28] Early Patent Disclosure and R&D Investment in Family Firms
Hussinger, Katrin
Issah, Wunnam Basit
[J]. BRITISH JOURNAL OF MANAGEMENT, 2024, 35 (03) : 1580 - 1591
[29] Are there financing constraints for R&D and investment in German manufacturing firms?
Harhoff, D
[J]. ECONOMICS AND ECONOMETRICS OF INNOVATION, 2000, : 399 - 434
[30] Tax policy endogeneity: evidence from R&D tax credits
Chang, Andrew C.
[J]. ECONOMICS OF INNOVATION AND NEW TECHNOLOGY, 2018, 27 (08) : 809 - 833

← 1 2 3 4 5 →