“营改增”政策会降低企业会计信息质量吗?——来自交通运输业上市公司的经验证据

Will the Policy of Replacing the Business Tax with A Value-added Tax Reduce the Information Quality of Enterprise Accounting?——The Empirical Evidence from Listed Companies in Transportation Industry

"营改增"政策作为深化财税体制改革的一项重大举措,对企业会计信息质量存在一定的影响。选用Jones模型估计的可操纵应计盈余衡量会计信息质量,基于沪深两市交通运输业76家上市公司,选取2012~2015年中报和年报数据作为研究样本,通过描述性统计、相关性分析和多元线性回归方法,重点考察"营改增"政策对企业会计信息质量的影响。实证结果表明,在现行增值税会计处理模式下,"营改增"会降低企业会计信息质量。因此,相关利益主体应关注税收政策对会计信息质量的影响。"营改增"政策实施后,需要加快完善会计准则,弥补现行会计准则对增值税处理方面规定的缺失。对于一些强制性信息的披露要加强监督,落实奖惩措施。

As one of the important measures to deepen the reform of the fiscal and taxation system,the policy of replacing the business tax with a value-added tax has certain influences on the accounting information quality of enterprises. Based on data of mid-year reports and annual reports of 76 listed companies of Shanghai and Shenzhen in transportation industry from 2012 to 2015,a study is conducted in this paper to measure accounting information quality by using manipulated earnings of Jones Model and analyze the impact of this policy on the information quality of enterprise accounting by using descriptive statistics,correlation analysis and the method of multiple linear regression. The empirical result shows that the policy of replacing the business tax with a value-added tax could reduce the quality of enterprise accounting information under the current VAT accounting model.Therefore,the relevant stakeholders should pay attention to the impact of tax policy on accounting information quality. After the implementation of this policy,it is necessary to speed up the improvement of accounting standards so as to make up for the deficiency of the existing accounting standards for VAT treatment. It is also essential to enhance the supervision of the disclosure of some mandatory information and strengthen the implementation of incentive measures.