Professor Cai Hongbo from Our School and Current Ph.D. Students Published an Academic Paper in Economic Research

Recently, the paper Tax Reduction Incentives and Heterogeneous Innovation of Enterprises co - written by Professor Cai Hongbo from the Business School of Beijing Normal University and current Ph.D. students Tang Chengjian and Mao Jian was published in the 2nd issue of 2025 of Economic Research. Taking how to accurately evaluate the effects of innovation - incentive policies and how to adjust and optimize the target objects of policies as the research starting point, the paper comprehensively identifies and evaluates the policy effects of high - tech enterprise policies on enterprises' innovation capabilities and their potential innovation - pollution effects.

Implementing the innovation - driven development strategy is an inevitable requirement and strategic measure to accelerate the transformation of the development mode and improve China's comprehensive national strength and international competitiveness. In the actual implementation process of high - tech enterprise policies, there may be interfering factors that distort the policy effects, limiting the policy results. The research finds that under the tax incentives of the high - tech enterprise recognition policy, some enterprises become strategic high - tech enterprises by manipulating the R & D intensity. At the same time, the high - tech enterprise policy only has an incentive effect on the innovation capabilities of typical high - tech enterprises, but has no positive effect on the innovation capabilities of strategic high - tech enterprises. Moreover, an increase in the proportion of strategic high - tech enterprises will significantly weaken the innovation capabilities of typical high - tech enterprises. Strengthening the regional tax collection and management ability will significantly curb enterprises' behavior of manipulating R & D intensity.

The marginal contributions of the paper are reflected in three aspects: First, based on the national tax survey data covering large, medium - sized, and small enterprises, it provides more comprehensive evidence for policy evaluation, especially revealing the dynamic changes in the policy effects of small enterprises under the "mass entrepreneurship and innovation" orientation. Second, it provides certain reference for the government to adjust and optimize the pre - approval conditions of policies in the future. Third, this paper innovatively discovers and tests the innovation - pollution effect of strategic high - tech enterprises spilling over to typical high - tech enterprises, and deeply explores its influencing mechanism and action mechanism. Through systematic analysis and targeted tests, it not only enriches the theoretical framework of high - tech enterprise research but also provides a new perspective for understanding the complex interaction relationships among enterprises.

Cai Hongbo, Tang Chengjian, Mao Jian. Tax Reduction Incentives and Heterogeneous Innovation of Enterprises, published in the 2nd issue of 2025 of Economic Research. Relevant link: https://mp.weixin.qq.com/s/rCj1509sWnFuFYZSrR8ZmQ

Author Biographies

Cai Hongbo is the Director of the Finance and Economics Office of Beijing Normal University, a professor and Ph.D. supervisor at the Business School of Beijing Normal University, and the Associate Dean of the Belt and Road College. He graduated from the School of Economics, Xiamen University in 2009 and obtained a Ph.D. in Economics. He is a visiting scholar at Stanford University. He also serves as a member of the Expert Advisory Committee of the 8th Tariff Commission of the State Council, the Secretary - General of the Service Economy and Trade Forum of the National Collaborative Group of International Trade Disciplines in Universities, etc. He is the chief expert of a major project of the National Social Science Foundation of China and the Chinese chief expert of an EU Horizon project. He has published more than 180 papers in top Chinese - language journals such as People's Daily (Theoretical Edition), Guangming Daily (Theoretical Edition), Economic Research, Management World, The Journal of World Economy, China Industrial Economics, and top ABS4 English - language journals such as IR, JWB, and BJM. He is an author of ESI top 1% highly - cited papers in the fields of economics and business globally and has won the An Zijie International Trade Research Award.

Tang Chengjian and Mao Jian are current Ph.D. students at the Business School of Beijing Normal University.

Contributed by: Discipline and Scientific Research Office

Edited by: Sun Yue

Reviewed by: Wei Hao