税收负担与会计稳健性——基于资本结构的中介效应研究

Tax Burden and Accounting Conservatism: Intermediate Effect Research Based on the Capital Structure

随着税收制度改革的深入,企业的会计稳健性受到的约束愈发增强,探讨税收负担对会计稳健性的影响及影响路径意义重大。以2009—2017年沪深两市A股上市公司作为样本,运用Basu模型研究税收负担对会计稳健性的直接影响,进一步以资本结构作为中介变量探讨了税收负担对会计稳健性的间接影响。研究发现:税收负担与会计稳健性正相关,即税收负担越高,对财务报告的稳健性要求越高;资本结构中介效应显著,即税收负担能够通过资本结构间接地影响会计稳健性。

As the tax system reform deepens, the constraint on accounting conservatism of enterprises increases, and the discussion of tax burden is of great significance on the accounting conservatism impact and the impact path. With the A-share listing company in Shanghai and Shenzhen in 2009-2017 as a sample, the Basu model is applied to study the direct impact of tax burden on accounting conservatism, and the tax burden’s indirect impact on the accounting conservatism is further discussed with the capital structure as the intermediary variable. Through the research, it is found that: the tax burden is positively correlated with the accounting conservatism, namely, the higher the tax burden is, the higher conservatism requirement the financial report is. The intermediate effect of capital structure shall be significant, namely the tax burden could indirectly influence the accounting conservatism through the capital structure.