财政激励政策对数字经济企业创新绩效影响研究
Research on the Influence of Financial Incentive Policies on the Innovation Performance of Digital Economy Enterprises

数字经济企业的高质量发展离不开创新这一关键驱动力，但目前这类企业面临着融资困难、投资风险大等阻碍创新的问题，财政政策作为政府调节国民经济运行、促进资源优化配置的重要工具，激励政策的实施能否有效促进数字经济企业提升创新绩效值得探究。本文以2017~2021年数字经济核心产业的中国A股上市公司为研究样本，探讨我国财政激励政策对数字经济企业创新绩效的影响。研究结果发现：财政激励政策中的财政补贴与税收优惠均对我国数字经济企业创新绩效具有促进作用。异质性结果表明，财政激励政策对于不同行业和不同地区的数字经济企业创新绩效存在不同的财政激励效果。
The high-quality development of digital economy enterprises cannot be separated from innovation, which is a key driving force. However, these enterprises currently face financing difficulties, high investment risks, and other obstacles to innovation. As an important tool for the government to regulate the operation of the national economy and promote the optimal allocation of resources, the implementation of incentive policies is worth exploring whether it can effectively promote the improvement of innovation performance of digital economy enterprises. This paper takes Chinese A-share listed companies in the core industries of digital economy from 2017~2021 as research samples to explore the impact of China's fiscal incentive policies on the innovation performance of digital economy enterprises. It is found that both fiscal subsidies and tax incentives in fiscal incentive policies have a catalytic effect on the innovation performance of digital economy enterprises in China. The heterogeneity results show that the fiscal incentives have different effects on the innova-tion performance of digital economy enterprises in different industries and regions.