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Czasopismo
2015 | 11 | nr 4 | 46--56
Tytuł artykułu

R&D Tax Incentives for Innovation and Managerial Decisions

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
In many countries tax incentives are a popular means of realizing political, economic and social objectives. The main motive of their application is often to achieve and accelerate the selected activities in the public interest and also stimulate development of industry, and induce growth in research and investment. The key element that helps a company achieve a competitive advantage is innovation. Global competition forces the production of unique products and services. Tax incentives in science, research and development are important in stimulating innovation. The purpose of this article is to show the level of managerial awareness about R&D tax incentives, the level of R&D tax incentive usage by companies in Poland, and main obstacles that managers meet with R&D tax incentives in practice. We explore R&D tax incentives as a government instrument on R&D management and aim to find the reasons why Polish companies do not take advantage of them. We examine 275 companies using a semi-structured questionnaire. Our findings suggest that many firms report lack of knowledge about such incentives, and firms find many obstacles to reach all of the requirements which are necessary to use the incentive. Due to our analysis we find that large firms, especially those that implement innovation, are more likely to use the tax incentives, but small and medium sized companies find more obstacle. The effect of this tax policy is significant mainly in large, high-tech sector firms. (original abstract)
Czasopismo
Rocznik
Tom
11
Numer
Strony
46--56
Opis fizyczny
Twórcy
  • Bialystok University of Technology, Poland
  • Bialystok University of Technology, Poland
Bibliografia
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Typ dokumentu
Bibliografia
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