摘要
如何激励管理层努力工作以实现企业价值最大化是公司治理的核心内容。基于我国2009-2015年A股上市公司的数据,本文检验了首席财务官(CFO)的晋升锦标赛激励与公司税收激进程度之间的关系,发现CFO被给予的锦标赛激励越大,公司的税收激进程度越大;相对于非国有企业,国有企业的锦标赛激励对税收激进程度关联效应更加明显。
How to motivate management to maximize the value of the enterprise is the key part of corporate governance.The paper examines the relation between promotion-based tournament incentives of chief financial officer（CFO） and corporate tax aggressiveness based on the data of A-share listed companies in China in 2009-2015,finding the greater the incentive for CFO to be given to the tournament,the greater the degree of corporate tax aggressiveness;compared to non-state owned enterprises,the effect of state owned enterprises＇ tournament incentive on tax radical degree is more obvious.
出处
《商业研究》
CSSCI
北大核心
2017年第2期126-132,共7页
Commercial Research
基金
教育部人文社会科学研究规划基金项目
项目编号:11YJA630084
关键词
锦标赛激励
职位晋升
税收激进
tournament incentives
position promotion
corporate tax aggressiveness
