Tax Preferential, RD Investment and Enterprise Performance - An Empirical Study Based on Mediating Effect

摘要

This paper takes 410 companies listed on GEM in 2015-2017 as a sample, and uses R&D investment as a mediator to study the impact of tax incentives on firm performance and explore the mediating effects of R&D investment. The empirical results show that tax incentives have a significant positive effect on corporate performance and R&D investment; corporate R&D investment has a partial mediating effect between tax incentives and firm performance. Therefore, GEM listed companies should effectively use tax incentives and increase R&D investment to improve corporate performance.