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The private return of R&D tax credit

Pierre Courtioux (), Antoine Reberioux () and François Métivier ()
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Pierre Courtioux: PSB - Paris School of Business, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
Antoine Reberioux: UP Médecine Paris Centre - Université de Paris - UFR Médecine [Santé] - UP - Université de Paris, LADYSS - Laboratoire Dynamiques Sociales et Recomposition des Espaces - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UP - Université de Paris
François Métivier: UP Médecine Paris Centre - Université de Paris - UFR Médecine [Santé] - UP - Université de Paris, IPGP - Institut de Physique du Globe de Paris - INSU - CNRS - Institut national des sciences de l'Univers - IPG PARIS - UR - Université de La Réunion - CNRS - Centre National de la Recherche Scientifique - UP - Université de Paris

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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: firm heterogeneity; R&D; tax credit; firm strategies (search for similar items in EconPapers)
Date: 2021-03
New Economics Papers: this item is included in nep-pbe and nep-sbm
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-03182771
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Published in 2021

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03182771

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