金融发展、税收规避与银行信贷增长——来自中国上市公司的经验证据

Financial Development, Tax Avoidance and Bank Credit Growth——The Empirical Evidences of Chinese Listed Companies

本文以2005~2014年中国沪深两市A股上市公司为研究样本,考察企业税收规避对其银行信贷增长的影响。研究结果表明,企业税收规避会降低其银行信贷增长;在金融发展水平较高的地区企业的税收规避与其银行信贷增长的负向关系更为显著;而在金融发展水平较差的地区,对企业的银行信贷增长影响较小。因此,为减少企业的税收规避行为,提高政府的税收收入,应加快地区金融体系的建设。

In this paper, the Chinese Shanghai and Shenzhen A-share listed companies during 2005-2014 are used as samples to analyze the impact of tax avoidance on bank credit growth of the companies. The conclusions of the paper show that the tax avoidance of companies hinders bank credit growth of the companies; the negative relationship between the tax avoidance of companies and the bank credit growth is more significant in the regions with high levels of financial development, and the tax avoidance of companies has a less impact on the bank credit growth in the regions with low levels of financial development. Therefore, it＇s necessary to accelerate the construction of regional financial system for reducing the tax avoidance of companies and increasing the tax revenue of government.