The private return of R&D tax credit

Pierre Courtioux, Antoine Reberioux () and François Métivier ()
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Antoine Reberioux: UFR Médecine UPCité - UFR Médecine [Santé] - Université Paris Cité - UPCité - Université Paris Cité, LADYSS - Laboratoire Dynamiques Sociales et Recomposition des Espaces - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité
François Métivier: UFR Médecine UPCité - UFR Médecine [Santé] - Université Paris Cité - UPCité - Université Paris Cité, IPGP (UMR_7154) - Institut de Physique du Globe de Paris - INSU - CNRS - Institut national des sciences de l'Univers - UR - Université de La Réunion - IPG Paris - Institut de Physique du Globe de Paris - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité

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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: R&D; tax credit; firm strategies; firm heterogeneity (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://shs.hal.science/halshs-03182771v1
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Published in 2021

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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:hal:journl:halshs-03182771

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