How does the policy of additional deduction for research and development expenses affect credit risk pricing capability in enterprises?

Tao Jiang and Jiabiao Fan

Finance Research Letters, 2025, vol. 77, issue C

Abstract: By implementing accurate credit risk pricing, companies can enhance their market comprehension, attract consumers, differentiate themselves from competitors, and expand their market share. Based on A-share listed firms spanning 2011 to 2023, this paper explores how the additional deduction for research and development expenses policy, optimizes enterprises` credit risk pricing ability. The findings confirm that implementing additional deductions for research and development expenses policy can promote enterprises` credit risk capability by driving the digital transition. This paper enriches the research framework on tax incentives, providing valuable insight for the government and management to achieve accurate credit risk pricing.

Keywords: Research and development expenses; Additional deduction; Credit risk pricing (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325003678

DOI: 10.1016/j.frl.2025.107104

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