管理者特征对上市公司避税行为的影响

The Influence of Manager Characteristics on Tax Avoidance of Chinese listed Companies

以我国2011—2013年沪深A股相关上市公司作为研究样本,主要针对企业管理者特征中的专业背景、学历、任期、年龄、薪酬以及持股水平,研究了管理者特征对企业避税行为的影响。研究结果表明:企业管理者的专业背景、薪酬、持股水平均与企业的避税行为呈显著的负相关关系,即管理者中拥有经济管理类专业背景的人数越多,管理者的薪酬与持股水平越高,企业的避税程度越低;管理者特征中的学历、任期及年龄则对企业避税行为没有显著影响;此外,相比于国有控股企业,非国有控股企业的管理者倾向于采取更多的避税行为。

This article has selected some enterprises in Shanghai and Shenzhen A-share listed companies as sample, and an- alyzed the impact of such business manager characteristics as professional background, education, tenure, age, salary and level of shareholding on corporate tax avoidance. The results show that there exist significant negative correlations between managers＇ professional background, salaries, level of shareholding and corporate tax avoidance. That is to say, the more managers with pro- fessional background in economics and management a company has, the higher pay the managers can get, and the higher is the level of shareholding, the lower is the level of corporate tax avoidance. The education, tenure and age of manager have no signifi- cant impacts on corporate tax avoidance. In addition, non-state-holding enterprises＇ managers are more likely toavoid tax than the state holding enterprise＇ managers.