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| LEADER |
01262nam a2200181Ia 4500 |
| 001 |
10.1016-j.cjar.2018.07.003 |
| 008 |
220706s2018 CNT 000 0 und d |
| 020 |
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|a 17553091 (ISSN)
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| 245 |
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|a The effects and economic consequences of cutting R&D tax incentives
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| 260 |
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|b Sun Yat-sen Medical University
|c 2018
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| 856 |
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|z View Fulltext in Publisher
|u https://doi.org/10.1016/j.cjar.2018.07.003
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|a Research has documented the stimulating effect of R&D tax credits on R&D expenditure when enacting an R&D tax credit or raising the credit rate. However, the potential adverse effects and consequences of reducing R&D tax incentives remain unexamined. Using a cut in R&D tax incentives in Taiwan, we document the adverse effect of reducing the R&D credit rate on corporate R&D expenditure. The reduced R&D credit rate has a negative impact on the relation between corporate R&D expenditure and firm value. Our results highlight the adverse effects and economic consequences of reducing R&D tax incentives in an emerging economy. © 2018 Sun Yat-sen University
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|a Firm value
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| 650 |
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|a R&D credit rate
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| 650 |
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|a R&D investment
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| 700 |
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|a Chen, M.-C.
|e author
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| 700 |
1 |
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|a Li, H.-Y.
|e author
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| 773 |
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|t China Journal of Accounting Research
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