企业纳税与银行信贷资源配置:诚信纳税能为企业带来“真金白银”吗?

Firms Tax Payment and Bank Credit Resource Allocation:Can Trustworthiness in Paying Tax Bring “Real Gold and Silver” To Firms?

利用从国家税务总局网站收集的2014-2017年被评为纳税信用A级的上市公司名单,本文考察了获评纳税信用A级所代表的诚信纳税是否有助于企业获得更多的银行信用借款。研究发现,与未获评纳税信用A级的企业相比,获评纳税信用A级的企业所取得的银行信用借款比例更高。进一步研究证实,获评纳税信用A级能够有效缓解非国有企业产权性质、较差的地区金融生态环境以及较低的地区诚信环境水平对企业银行信用借款的负面影响。

Using the list of listed A-level tax-paying credit companies in 2014-2017 collected from the website of the State Administration of Taxation,this paper examines whether trustworthiness in paying tax(with A-level tax-paying credit)could help firms gain more bank credit debts.It is found that compared with firms without A-level tax credit rating,firms with A-level tax credit rating obtained a higher proportion of bank credit debts.Further research confirmed that obtaining A-level tax credit could effectively alleviate the negative impact of property right nature of nonstate-owned enterprises,the poor regional financial ecological environment and the low level of regional credit environment on firms’bank credit debts.