Tax Incentives and Corporate Digital Transformation: A Quasi-natural Experiment Based on Accelerated Depreciation Policy for Fixed Assets

CAO Zhi; WU Fei

Volume 38 Issue 2

Mar. 2023

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CAO Zhi, WU Fei. Tax Incentives and Corporate Digital Transformation: A Quasi-natural Experiment Based on Accelerated Depreciation Policy for Fixed Assets[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(2): 88-99.

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CAO Zhi, WU Fei. Tax Incentives and Corporate Digital Transformation: A Quasi-natural Experiment Based on Accelerated Depreciation Policy for Fixed Assets[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(2): 88-99.

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Tax Incentives and Corporate Digital Transformation: A Quasi-natural Experiment Based on Accelerated Depreciation Policy for Fixed Assets

CAO Zhi^{1, 2},
WU Fei³

1.
School of Economics, Jinan University, Guangzhou 510632
2.
Post-Doctoral Research Station in Guangzhou Rural Commercial Bank, Guangzhou 510632
3.
Yangtze River Delta Institute of Information and Intelligence Innovation, University of Science and Technology of China, Wuhu 241003, China

Received Date: 2022-10-09
Available Online: 2023-07-07
Publish Date: 2023-03-28

Abstract

Abstract

Tax policy tools can have a significant impact on the development of entity enterprises in the era of digital economy. This paper analyzes the impact of accelerated depreciation policy for fixed assets on the digital transformation of enterprises based on the data of listed enterprises from 2007 to 2020. It is found that accelerated depreciation policy for fixed assets can help promote the digital transformation of enterprises, more significant especially for enterprises with high capital intensity and large scale as well as enterprises in the eastern region. The mechanism study shows that accelerated depreciation policy can effectively improve the financial situation of enterprises, stimulate their innovation, optimize their market expectations, and thus provide effective impetus for digital transformation. A better external market-based environment is an important basic condition for exerting driving force of accelerated depreciation policy in innovation and transformation. This paper provides new empirical evidence for understanding the effectiveness and mechanism of tax policy tools, and a new analytical perspective for the "government-market" combination.
- tax policy,
- accelerated depreciation of fixed assets,
- digital transformation,
- marketization degree

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References(38)

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