税制改革、产权安排与避税动因的盈余管理

Tax Regime Reform,Property Rights Arrangements and Earnings Management of Tax Avoidance

笔者以2008年我国所得税税制改革后公司所得税税率下降公司为研究样本,研究上市公司避税动因的盈余管理行为以及产权安排对公司避税程度的影响。研究发现在公司所得税税率变化前一年,税率降低公司存在显著的利润推迟的盈余管理行为,进一步研究显示这种利润推迟盈余管理只在非国有控股公司中出现,而国有控股公司并没有进行明显的利润推迟盈余管理。研究结论为产权安排对公司行为的影响提供了新的经验证据。

As the background of China＇ s corporate income tax reform in 2008, the paper observes the listed companies＇ tax avoidance motive of earnings management behavior and the content of property rights arrangements on firm＇ tax avoidance. The research samples include the companies which the corporate income tax rate will decline after the reform. The paper finds that there is a significant profit reduction in companies which tax rate declines before the reform year. The further results indicate the profit change behavior exists only in the non - state - owned holding companies. The study provides new empirical evidence that property rights arrangements can affect corporate behaviors significantly.