摘要
随着经济政策不确定性日益成为常态,其对经济可能带来的负面效应值得深入研究。本文基于2007—2016年中国A股上市公司数据,实证检验了经济政策不确定性对企业税收决策的影响。研究发现,经济政策不确定性显著提高了企业激进避税水平,并且随着经济政策不确定性加大,企业激进避税水平随之升高的现象在税收征管弱的地区、竞争性强的行业中更为明显。进一步研究发现,经济政策不确定性显著提高了企业激进避税水平这一现象在分析师关注度低、非“四大”审计以及内部控制质量低的样本中更为明显。本文证据表明,经济政策频繁变动引发的不确定性使得企业税收规避动机增强,并且提供了地方政府税收征管力度、外部监督和内部治理降低企业避税动机的经验证据,丰富和深化了经济政策不确定性影响企业税收决策行为研究领域的文献。
With the uncertainty of economic policy becoming the norm,its possible negative effects on the economy deserve further study.Based on the data of China's A-share listed companies from 2007 to 2016,this paper empirically tested the impact of economic policy uncertainty on corporate tax decisions.The paper finds that the uncertainty of economic policy significantly increases the level of the aggressive avoidance of corporate tax,and the phenomenon that the level of the aggressive avoidance of corporate tax increases with the increase of economic policy uncertainty is more obvious in regions with the weak tax enforcement and competitive industries.Further research finds that economic policy uncertainty significantly increases the level of aggressive tax avoidance by enterprises,which is more obvious in samples with low attention from analysts,non-big four audit and low quality of internal control.This evidence shows that the uncertainty caused by frequent changes of economic policy makes the enterprises tax avoidance motivation enhancement,and provide empirical evidence of reduce corporate tax incentives including tax enforcement of local government,external supervision and internal governance enrich and deepen economic policy uncertainty on corporate tax decision-making behavior literature.
作者
程博
邱保印
Bo Cheng;Baoyin Qiu
出处
《会计与控制评论》
2022年第2期1-42,共42页
Review of Accounting and Control
基金
国家社科基金项目“世界百年未有之大变局下供应链中断的财务影响及其资本市场效应研究”(21BGL008)
江苏省333工程(BRA2019271)
中外合作办学联合科研平台
江苏省高校优势学科建设工程项目(PAPD)
关键词
经济政策不确定性
税收决策
税收征管
行业竞争
公司治理
economic policy uncertainty
tax decisions
tax enforcement
industry competition
corporate governance
