企业社会责任、风险管理策略与避税行为

Corporate Social Responsibility,Risk Management Strategies and Tax Avoidance

社会责任是理论与实务的研究热点,社会责任是企业总体风险管理策略的有机组成部分,有助于降低企业部分决策风险。选取2008—2013年我国A股上市公司作为研究样本,通过对社会责任分类并构建模型进行实证研究,结果发现:(1)社会责任参与较多的企业其总体监管风险较小,避税活动更为激进;(2)把企业社会责任活动按是否存在对自身的经济回报分成两类(利己与利他),践行较多利他社会责任的企业避税行为更激进;(3)与盈利能力较强的企业相比,微利企业社会责任活动与避税激进程度的关系更明显;(4)相对于高透明度企业而言,低透明度企业社会责任与避税激进程度关系更显著。

Corporate social responsibility （CSR） is a hotspot in both theoretical and practical fields. However, the reason why corporations implement social responsibility is still in controversy. CSR is part of the corporate risk management strategies and helps to reduce corporate strategic risks. This paper makes an empiri- cal study of samples chosen from the data of A-share companies from 2008 to 2013 by categorizing CSR and es- tablishing models. The results show that ： （ 1 ） Companies implementing more CSR are more aggressive in tax a- voiding; （2） We divide CSR into two categories （self-interested CSR and altruistic CSR） based on whether it is beneficial to the company. The result shows that companies implementing more altruistic CSR are more ag- gressive in tax avoiding; （3） The relationship between CSR and tax avoidance is more significant in low-profit companies than in high-profit companies; （4） The relationship between CSR and tax avoidance is more signifi- cant in low-transparency companies.