内部控制能否抑制避税所引致的大股东掏空风险?

Can Internal Control Restrain the Risk of Major Shareholders Tunneling Caused by Tax Avoidance?

避税一直是理论界探讨的热点话题。现有研究关于避税经济后果的较多,而鲜有关注避税经济后果的影响因素。内部控制作为一套完整的风险管控工具,能否抑制避税所引致的大股东掏空风险,目前尚待实证检验。基于此,拟通过实证检验内部控制如何影响避税所引致的大股东掏空风险,研究结果表明,高质量的内部控制能够有效管控避税所引致的大股东掏空风险。进一步检验发现,内部控制的风险管控作用集中在内部控制建设需求较为强烈的民营企业和会计信息披露质量较差的样本中;区分内部控制五大要素发现,风险评估对于风险的管控作用有更直接影响;总体而言,内部控制是有效管控风险的制度工具。

Tax avoidance has been a hot topic of theoretical exploration.While there are many researches on the economic consequences of tax avoidance,few focus on the influencing factors.As a complete set of tools of risk management and control,whether internal control restrain the risk of major shareholders tunneling caused by tax avoidance has yet to be tested empirically.Based on this,the paper tests empirically how internal control affects the risk of major shareholders tunneling caused by tax avoidance.The results show that high quality internal control can effectively control the risk of major shareholders tunneling caused by tax avoidance.Further testing shows that the risk control effect of internal control lies in the private enterprises with strong demand for internal control and in the samples with poor quality of accounting information disclosure.By distinguishing the five elements of internal control,we find that risk assessment has a more direct impact on risk management and control.Generally,internal control is an effective institutional tool of risk control.