Effectiveness of R&D tax incentives in Turkey

Download

index.pdf

Date

2021-7

Author

Taş, Ekin

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

2143
views

639
downloads

The aim of this study is to investigate the effectiveness of research and development (R&D) tax incentives in generating additional business R&D expenditures in Turkey by applying propensity score matching (PSM) to correct any selection bias and to estimate the average treatment effect on the treated (ATT). For this purpose, the hypothesis that “R&D tax incentives increase business sector R&D intensity (the ratio of firm’s net R&D expenditures to total turnover)” is tested and the effectiveness of R&D tax incentives is examined in the context of input additionality. The questions of whether R&D tax incentives are effective in increasing business sector R&D intensity and to what extent R&D tax incentives produce additional R&D intensity are answered. According to the results, R&D tax incentives have a positive effect on business sector R&D intensity. However, the effect is limited since the R&D tax incentive multiplier is between 0 and 1.

Subject Keywords

Impact analysis, Additionality, Propensity score matching, R&D tax incentives, R&D tax incentive multiplier

URI

https://hdl.handle.net/11511/91433

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

Overconfidence and bubbles in experimental asset markets Şahin, Serkan; Küçükkaya, Halit Engin; Yılmaz, Özlem; Department of Business Administration (2013) The aim of this study is to investigate uncertainty levels of industries and explore those financial ratios that have the highest information content in determining the set of industry characteristics and use the most informative ratios selected in developing industry specific financial distress models. First, we employ factor analysis to determine the set of ratios that are most informative in specified industries. Second, we use entropy method as a Multiple Attribute Decision Making Model, to measure the ...
Variance Reducing Incentives for Labor Contracts Erdil, Erkan (2008-01-01) This study aims to propose a model for incentive contracts that target to reduce the output variance. It is a general type of various models suggested in the literature in this framework. The most important contribution of the proposed model is that a variety of observed contracts, for instance bonus plans and stock options can be derived from it by varying the assumptions about the observability of the variance-reducing actions and about the agent’s degree of risk aversion. The conclusions suggest that one...
Use of nontraditional rating sources in performance appraisals Sümer, Hayriye Canan; Bilgiç, Reyhan (2006-01-01) The purpose of this study was to evaluate the feasibility of a multi-source feedback system in a public sector organization and, more specifically, to examine performance appraisals provided by nontraditional rating sources (i.e., subordinates, peers, and sell) both psychometrically and on the basis of user-reactions. Intraclass correlations (i.e., inter-rater reliabilities) for subordinate evaluations were found to be relatively high (49). The pattern of correlations between ratings provided by different s...
The Direct and Moderating Effects of Endogenous Corporate Social Responsibility on Firm Valuation: Theoretical and Empirical Evidence from the Global Financial Crisis Hannah, Sean T.; Sayarı Marcum, Naz; Harris, Frederick H. deB; Cain, Carol L. (Wiley, 2020-06-14) Research has produced inconclusive results concerning the effects of corporate social responsibility (CSR) on firm financial performance, with only 59 percent of studies demonstrating positive effects. Yet, still unaddressed is how CSR impacts the key driver of financial performance - firm growth. We develop new multidisciplinary theory integrating stakeholder and risk management theories with multi-period capital asset pricing. We test the direct and moderating effects of Social, Institutional, Strategic, ...
Role of financial market imperfections in firm level investment: Panel data evidence from Turkish corporations Fıratlıoğlu Temir, Bahşayiş; Ercan, Hakan; Department of Economics (2003) Research analyzing the sensitivity of investment to internal funds using panel data has grown considerably in the last decade and most of the studies have provided results that internal funds substantially affect investment. Controlling for measurement errors, significant role of liquidity factors in investment equations are generally interpreted as evidence for liquidity constraints arising from various factors related to imperfect financial markets. In Turkey government securities crowd out private financ...

Citation Formats

E. Taş, “Effectiveness of R&D tax incentives in Turkey,” M.S. - Master of Science, Middle East Technical University, 2021.