企业债务违约风险对其避税行为的影响

Influence of Corporate Debt Default Risk on the Tax Avoidance

本文以国内A股上市企业在2006~2019年的非平衡面板数据为样本,对债务违约风险和企业避税行为之间的关系进行实证研究。结果显示,债务违约曝光前2年以及曝光后3年,企业的债务违约风险对企业的避税行为产生了一定程度的抑制作用,但企业内部控制的高质量、激进战略以及企业的国企产权属性均可以缓解这种抑制作用。该研究结论对我国制定税收征管政策具有一定的启示与参考意义。

Using the unbalanced panel data of domestic A-share listed companies from 2006 to 2019 as a sample,this paper conducts an empirical study on the relationship between debt default risk and corporate tax avoidance.The results show that the risk of debt default has a certain degree of inhibitory effect on corporate tax avoidance in the two years before and three years after the exposure of debt default.However,the high quality of internal control of enterprises,radical strategies and the property rights of stateowned enterprises can alleviate this inhibition.This research conclusion has certain enlightenment and reference significance for the formulation of tax collection and management policies in China.