点击次数：

所属单位：国际商学院

发表刊物：Asia-Pacific Journal of Accounting & Economics

项目来源：国家自然科学基金项目

摘要：We investigate the impact of the China Securities Investor Service Center (CSISC), a not-for-profit minority institutional investor, on corporate tax avoidance. Employing a difference-in-differences (DID) model based on a sample of Chinese listed companies during 2014–2017, we find that CSISC shareholding reduces corporate tax avoidance. We check this finding’s robustness using alternative measures of tax avoidance, alternative sampling, placebo tests, and parallel trend analysis, and our results still hold. In addition, we find the CSISC’s negative impact on corporate tax avoidance is more pronounced in state-owned enterprises (SOEs), firms with worse internal and external corporate governance, and regions with stricter tax enforcement. Further analyses reveal that the improved information environment is a potential channel through which the CSISC inhibits corporate tax avoidance. This paper enriches the literature on the impact of minority shareholder protection mechanism and the determinants of corporate tax avoidance.

论文类型：期刊论文

卷号：1

字数：20000

ISSN号：1608-1625

是否译文：否

发表时间：2024-05-27

第一作者：文雯

合写作者：乔菲,冯婧莉,胡慧杰