税收规避、会计信息可比性与企业价值

Tax Avoidance,Comparability of Accounting Information and Enterprise Value

本文以沪深两市2013年-2018年A股上市公司为研究样本,考察我国企业税收规避、会计信息可比性与企业价值的关系。实证研究发现,会计信息可比性越高越能提升企业价值;税收规避越严重企业价值越低。进一步研究发现,税收规避越严重,会计信息可比性对提升企业价值的作用越强。本文研究结论为强化会计监管、优化税收环境、提升企业价值提供了理论依据与可参考路径。

This paper takes A-share listed companies in Shanghai and Shenzhen stock markets from 2013 to 2018 as research samples to examine the relationship between tax avoidance,comparability of accounting information and enterprise value in China.The empirical study finds that the higher the comparability of accounting information,the higher the enterprise value;the more serious the tax avoidance,the lower the enterprise value.Further research finds that the more serious the tax avoidance of enterprises,the stronger the effect of comparability of accounting information on the increase of enterprise value.The conclusions of this paper provide theoretical basis and reference path for strengthening accounting supervision,optimizing tax environment and enhancing enterprise value.