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The influence of fiscal policy uncertainty on corporate total factor productivity: Evidence from Chinese public companies.
- Source :
- Contemporary Economic Policy; Jul2023, Vol. 41 Issue 3, p532-554, 23p
- Publication Year :
- 2023
-
Abstract
- This paper uses China's public companies to test the influence of fiscal policy uncertainty on corporate total factor productivity. The study finds that fiscal policy uncertainty has a negative impact on the total factor productivity, and the effect of conservative tax avoidance, a mediating variable between the two, is found more significant for non‐state‐owned and non‐recession‐stage enterprises. The study further finds that facing fiscal policy uncertainty, companies reduce R&D investment, which will deteriorate productivity. The overall results show that if the government maintains relatively stable fiscal policies, it will positively improve corporate total factor productivity, even in a longer period. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 10743529
- Volume :
- 41
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Contemporary Economic Policy
- Publication Type :
- Academic Journal
- Accession number :
- 163949039
- Full Text :
- https://doi.org/10.1111/coep.12606