Economics, Econometrics and Finance
8 years ago

Tax credits drive innovation success for firms, boosting patents and revenue.

Journal of the Korea Academia-Industrial cooperation Society
The influence of tax credit on firm's innovation performance
Seok-Joon Choi, Young-woong Seo

Paper Summary

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Tax credits for innovation positively impact a firm's innovation performance. The study used a method called Propensity Score Matching to analyze the effects of tax credit policies on innovation in Korea. The results showed a strong positive effect of tax credits on the number of patent applications by firms.