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

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  • Jiang, Tao
  • Fan, Jiabiao

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.

Suggested Citation

  • Jiang, Tao & Fan, Jiabiao, 2025. "How does the policy of additional deduction for research and development expenses affect credit risk pricing capability in enterprises?," Finance Research Letters, Elsevier, vol. 77(C).
    • Handle: RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325003678
    DOI: 10.1016/j.frl.2025.107104
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