The private return of R&D tax credit

Pierre Courtioux, François Métivier () and Antoine Rebérioux ()
Additional contact information
François Métivier: Université de Paris - Institut de Physique du Globe de Paris
Antoine Rebérioux: Université de Paris, LADYSS

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: This article examines the private return on R&D tax credit, defined as the ratio of total tax reliefs obtained by a firm through R&D tax credit to real R&D spending. Based on a dataset merging different sources for French companies, we first show that the distribution of this private return is dispersed. We then use clustering analyses to identify six mutually exclusive types of firms' R&D strategies. We finally show in a regression setting that these strategies explain part of the variance in the private return on R&D tax credit. This study contributes to a better understanding of the heterogeneity of firms' R&D strategies. It also seeks to open new directions in debates surrounding the proper design and reforms of R&D tax credit schemes

Keywords: R&D; tax credit; firm strategies; firm heterogeneity (search for similar items in EconPapers)
JEL-codes: C38 H25 O38 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2021-03
New Economics Papers: this item is included in nep-pbe, nep-sbm and nep-tid
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Downloads: (external link)
http://mse.univ-paris1.fr/pub/mse/CES2021/21006.pdf (application/pdf)
https://halshs.archives-ouvertes.fr/halshs-03182771

Related works:
Working Paper: The private return of R&D tax credit (2021)
Working Paper: The private return of R&D tax credit (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:21006

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