摘要
在中国致力于实现可持续发展目标的背景下,企业能否通过提升ESG表现抑制企业税收规避,对推动企业高质量发展和经济社会可持续发展具有重要意义。文章以2008—2021年A股上市公司为样本,实证考察了ESG表现对企业税收规避的影响效应及作用机制。研究结果表明,企业ESG表现与税收规避呈负相关关系。路径机制分析结果表明,企业良好的ESG表现会通过缓解企业融资约束,进而抑制税收规避。异质性分析发现,企业ESG表现对税收规避的抑制效应在非重污染行业企业以及市场化程度低的样本中更为显著,并且外部监管会弱化主回归的抑制效应。
In the context of China’s commitment to achieve the goals of sustainable development,whether enterprises can curb corporate tax avoidance by enhancing their ESG performance is of great significance in promoting high-quality corporate development and sustainable economic and social development.Taking A-share listed companies from 2008 to 2021 as samples,the paper empirically investigates the effect of ESG performance on corporate tax avoidance and the mechanism of its effect.The research results show that corporate ESG performance is negatively correlated to tax avoidance.The results of the path mechanism analysis indicate that good ESG performance will reduce the degree of corporate financing constraints and thus inhibit tax avoidance.Heterogeneity analysis reveals that the inhibitory effect of ESG performance on tax avoidance is more significant in the samples of non-heavy polluters and low-marketed firms,and external regulation weakens the inhibitory effect of the main regression.
作者
温桂荣
周温馨
黄家伟
WEN Guirong;ZHOU Wenxin;HUANG Jiawei(School of Finance,Hunan University of Technology and Business,Changsha 410205,China;School of Business,Hunan Normal University,Chansha 410081,China)
出处
《云南财经大学学报》
北大核心
2023年第12期96-110,共15页
Journal of Yunnan University of Finance and Economics
基金
湖南省教育厅科学研究重点项目“新组合式减税政策提升高技术制造业韧性的传导机制与推进路径研究”(22A0443)
湖南省自然科学基金面上项目“新组合式减税政策提升高技术制造业韧性的效果评估与政策优化研究”(2023JJ30203)。
