신성장산업의 조세지원제도가 기업투자에 미치는 영향

[Purpose]The purpose of this study is to verify the effect of the tax support system on corporate investment in new growth industries. [Methodology]Samples of new growth industries were extracted based on the detailed classification of the Industrial Standard Classification (KSIC). Corporate investment, a dependent variable to verify the research model, used two measures, and tax hetac, a major independent variable, was measured by dividing the average tax benefit by equity capital over the past three years. Research analysis was performed through descriptive statistics, correlation analysis, and regression analysis. [Findings]The results obtained through this study are as follows. First, it was found that the tax support system for new growth industries had a significant positive (＋) relationship with corporate investment. Second, after tax support for new growth industries expanded in 2016, corporate investment was expected to increase compared to before, but it was found that it did not have a significant value. [Implications]As a result of examining the effectiveness of the tax support system by empirically analyzing the relationship between tax benefits and corporate investment in new growth industries in Korea, Hypothesis 1 was supported, suggesting that the current tax policy for new growth industries is effective in enhancing corporate investment. However, as a result of examining the effect of expanding tax support since 2016, Hypothesis 2 was rejected, and the policy direction was changed to enhance the effectiveness of the tax support system.