EconPapers    
Economics at your fingertips  
 

The impact of financial subsidies and tax incentives on corporate innovation: A systematic literature review based on Citespace

Qiuhong Liu (), Rani Diana Othman () and Siti Nurhazwani Kamarudin ()

Edelweiss Applied Science and Technology, 2025, vol. 9, issue 4, 779-793

Abstract: From the global economic development perspective, innovation has become a crucial driving force for economic growth. The entire world is transitioning smoothly into the digital era and experiencing a profound wave of scientific innovation, with increased intensity in research and development investments worldwide. However, there is a lack of systematic analysis regarding the developmental trends of the impact of financial subsidies and tax incentives on corporate innovation. Employing CiteSpace, this study comprehensively utilizes bibliometric analysis and content analysis methods to review 51 articles selected from the Web of Science and Scopus databases. The analysis involves examining the characteristics and content of the literature. It identifies the overall publication landscape, trends in research hotspots, and clustering of research themes. The study also provides a qualitative analysis of research outcomes on the impact of financial subsidies and tax incentives on corporate innovation, considering dimensions such as research questions, research methods, and research conclusions. The findings reveal advancements in research on the impact of financial subsidies and tax incentives on innovation performance, innovation efficiency, innovation input and output, technological innovation, and innovations related to environmental sustainability. In conclusion, it looks forward to the future development trends of this research theme, focusing on the introduction of innovation quality, strengthening interactive impact analysis, and expanding the exploration of moderating variables.

Keywords: Financial subsidies; Innovation; Systematic literature review; Tax incentives. (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://learning-gate.com/index.php/2576-8484/article/view/6078/2196 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ajp:edwast:v:9:y:2025:i:4:p:779-793:id:6078

Access Statistics for this article

More articles in Edelweiss Applied Science and Technology from Learning Gate
Bibliographic data for series maintained by Melissa Fernandes ().

 
Page updated 2025-04-10
Handle: RePEc:ajp:edwast:v:9:y:2025:i:4:p:779-793:id:6078