The impact of the recognition of high-tech enterprise on R&D disclosure
Abstract The Administration of Recognition of High-tech Enterprises, a monitoring program for high-tech entrepreneurs, administers China’s most critical policy for reducing taxes to incentivize research and development (R&D), which also impacts disclosure. This study examines how this recognitio...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2025-05-01
|
| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-025-04735-w |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850277839154184192 |
|---|---|
| author | Yuanxing Wan Ziyue Wang Jinrui Chen Yuting Jiang |
| author_facet | Yuanxing Wan Ziyue Wang Jinrui Chen Yuting Jiang |
| author_sort | Yuanxing Wan |
| collection | DOAJ |
| description | Abstract The Administration of Recognition of High-tech Enterprises, a monitoring program for high-tech entrepreneurs, administers China’s most critical policy for reducing taxes to incentivize research and development (R&D), which also impacts disclosure. This study examines how this recognition has influenced high-tech enterprise R&D disclosure. Using a difference-in-differences (DID) design, the study found that authentic high-tech firms disclose more detailed R&D information. In contrast, pseudo-high-tech firms inflate their R&D investments by manipulating accounting items and business activities to qualify for recognition and its associated preferential policies, resulting in vague and less frequent R&D disclosures. Additional tests showed that the positive impact of recognition on R&D disclosure is more significant for authentic high-tech firms when information demand is higher. However, pseudo-high-tech firms disclosed much lower-quality R&D information, especially when their managers prioritized rent extraction. This documented effect of high-tech enterprise recognition provides empirical evidence to reveal the dynamics of the high-tech disclosure dispute on industrial policy, while also offering theoretical and practical implications for business and public policy. |
| format | Article |
| id | doaj-art-cb572fa3c9a64ada8439f955cfdf9d7f |
| institution | OA Journals |
| issn | 2662-9992 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | Springer Nature |
| record_format | Article |
| series | Humanities & Social Sciences Communications |
| spelling | doaj-art-cb572fa3c9a64ada8439f955cfdf9d7f2025-08-20T01:49:43ZengSpringer NatureHumanities & Social Sciences Communications2662-99922025-05-0112111510.1057/s41599-025-04735-wThe impact of the recognition of high-tech enterprise on R&D disclosureYuanxing Wan0Ziyue Wang1Jinrui Chen2Yuting Jiang3School of Accounting, Zhejiang Gongshang UniversitySchool of Accounting, Zhejiang Gongshang UniversitySchool of Business Administration (MBA), Zhejiang Gongshang UniversitySchool of Accounting, Zhejiang Gongshang UniversityAbstract The Administration of Recognition of High-tech Enterprises, a monitoring program for high-tech entrepreneurs, administers China’s most critical policy for reducing taxes to incentivize research and development (R&D), which also impacts disclosure. This study examines how this recognition has influenced high-tech enterprise R&D disclosure. Using a difference-in-differences (DID) design, the study found that authentic high-tech firms disclose more detailed R&D information. In contrast, pseudo-high-tech firms inflate their R&D investments by manipulating accounting items and business activities to qualify for recognition and its associated preferential policies, resulting in vague and less frequent R&D disclosures. Additional tests showed that the positive impact of recognition on R&D disclosure is more significant for authentic high-tech firms when information demand is higher. However, pseudo-high-tech firms disclosed much lower-quality R&D information, especially when their managers prioritized rent extraction. This documented effect of high-tech enterprise recognition provides empirical evidence to reveal the dynamics of the high-tech disclosure dispute on industrial policy, while also offering theoretical and practical implications for business and public policy.https://doi.org/10.1057/s41599-025-04735-w |
| spellingShingle | Yuanxing Wan Ziyue Wang Jinrui Chen Yuting Jiang The impact of the recognition of high-tech enterprise on R&D disclosure Humanities & Social Sciences Communications |
| title | The impact of the recognition of high-tech enterprise on R&D disclosure |
| title_full | The impact of the recognition of high-tech enterprise on R&D disclosure |
| title_fullStr | The impact of the recognition of high-tech enterprise on R&D disclosure |
| title_full_unstemmed | The impact of the recognition of high-tech enterprise on R&D disclosure |
| title_short | The impact of the recognition of high-tech enterprise on R&D disclosure |
| title_sort | impact of the recognition of high tech enterprise on r d disclosure |
| url | https://doi.org/10.1057/s41599-025-04735-w |
| work_keys_str_mv | AT yuanxingwan theimpactoftherecognitionofhightechenterpriseonrddisclosure AT ziyuewang theimpactoftherecognitionofhightechenterpriseonrddisclosure AT jinruichen theimpactoftherecognitionofhightechenterpriseonrddisclosure AT yutingjiang theimpactoftherecognitionofhightechenterpriseonrddisclosure AT yuanxingwan impactoftherecognitionofhightechenterpriseonrddisclosure AT ziyuewang impactoftherecognitionofhightechenterpriseonrddisclosure AT jinruichen impactoftherecognitionofhightechenterpriseonrddisclosure AT yutingjiang impactoftherecognitionofhightechenterpriseonrddisclosure |