家族管理权涉入、亲缘关系异质性与企业避税

Family involvement in management,kinship heterogeneity and tax avoidance

以2008-2020年A股上市家族企业数据为样本,基于家族高管亲缘关系异质性考察家族管理权涉入对企业避税的影响。研究发现,家族管理权涉入与家族企业避税程度之间显著负相关,家族高管亲缘关系异质性增强能够显著削弱家族管理权涉入对避税程度的负向影响。拓展性检验结果表明,延伸型社会情感财富及第一类代理成本在家族管理权涉入与避税程度之间中具有部分中介效应。面临较高社会信任水平、较稳定的经济政策及较强宗族文化氛围的家族企业中,家族管理权涉入对避税程度的负向影响更为显著。研究结论对于理解亲缘关系对家族企业避税决策的影响具有一定借鉴意义,对于税务部门进行税收征管也有一定参考价值。

Using the data of Chinese A-share listed family firms from 2008 to 2020 as samples,the author investigates the impact of family involvement in management on tax avoidance from the perspective of kinship heterogeneity of family managers in the paper.Results show the increased family involvement in management significantly reduce tax avoidance of family firms.The stronger kinship heterogeneity of family managers weakens the negative influence of family involvement in management on tax avoidance.The further analysis results indicate both extended social and emotional wealth and type I agency cost exert partial mediating effects between family involvement in management and tax avoidance.Family involvement in management has a more significantly negative impact on tax avoidance in family firms facing higher social trust level,more certain economic policy and stronger clan culture.The results have a certain reference value to explore how kinship heterogeneity of family managers affects tax avoidance and can also help the tax authorities to implement tax collection and management.