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題 名 | 控制權私有化會影響公司的稅收籌畫行為嗎?=Does Control Privatisation Affect Corporate Tax Aggressiveness? |
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作 者 | 王亮亮; 王躍堂; | 書刊名 | 中國會計與財務研究 |
卷 期 | 17:2 2015.06[民104.06] |
頁 次 | 頁47-98 |
分類號 | 553.97 |
關鍵詞 | 控制權私有化; 非稅收成本; 稅收籌畫行為; 政治級別; Control privatisation; Non-tax costs; Tax aggressiveness; Political hierarchy; |
語 文 | 中文(Chinese);英文(English) |
中文摘要 | 大量經驗證據表明控制權私有化能夠改善公司經營業績,但是學術界較少研究控制權私有化作用于公司業績的路徑,本文嘗試從稅收籌畫視角提供解釋。通過對比配對樣本和運用雙重差分模型,本文考察控制權私有化前後公司稅收籌畫激進程度的變化。研究發現:(1)與配對樣本相比,控制權私有化公司稅收籌畫激進程度在私有化以後顯著提高;(2)與配對樣本相比,中央控制國有公司私有化以後稅收籌畫激進程度未發生明顯改變,而地方控制國有公司私有化以後稅收籌畫激進程度顯著提高。在多種穩健性檢驗下,研究結論依舊不發生改變。本文的研究發現不僅豐富了稅收籌畫領域的學術文獻,而且也獲得了控制權私有化作用于公司業績路徑方面新的證據。 |
英文摘要 | The extant literature has shown that “control privatisation” (CP) can improve corporate performance. There is little evidence, however, on how CP affects corporate performance. This paper investigates this issue from the perspective of tax planning. Using a difference-in-differences (DID) model with paired samples as a control group, we examine whether corporate tax aggressiveness changes after CP. The results suggest that after CP, corporations exhibit increased tax aggressiveness compared with the paired sample. Further, compared with the paired sample, the tax aggressiveness of central government owned corporations does not change after privatisation, while local government owned corporations become more tax aggressive after privatisation. Our results hold constant under a series of robustness tests. This paper not only enriches the literature on tax planning but also provides new evidence concerning the effect of CP on corporate performance. |
本系統中英文摘要資訊取自各篇刊載內容。