税收征管数字化对企业投资效率的影响研究——基于“金税三期”工程的准自然实验

The Impact of Digitization of Tax Collection and Administration on Enterprise Investment Efficiency:Quasi-natural Experiment based on the"Golden Tax Phase III"Project

税收征管数字化的基础是税收征管信息化,我国从1994年开始启动中国税收管理信息系统工程的建设工作,“金税三期”作为这一系统工程的标志性成果,展现了税收征管数字化程度的大幅提升,这无论是对税务部门的税收征管效率还是对企业的生产与投资运营等都产生了重要影响。在“金税三期”这一准自然实验场景下,选取我国A股中的非金融保险类上市企业作为样本,基于2000-2022年的面板数据进行研究,发现税收征管数字化程度的提升有利于提高企业投资效率,有利于增强企业在税收征管数字化程度更高的“金税四期”工程实施与推进中的正向投资预期,也为有投资倾向的企业提前布局数字化财税架构指明方向。

The digitization of tax collection and management is based on tax collection and management information.China started the construction of tax management information system engineering in China in 1994.As a landmark achievement of this system engineering,the third Golden Tax phase shows the significant improvement of the digitization of tax collection and management.This has an important impact on the efficiency of tax collection and administration of tax departments and on the production and investment operation of enterprises.Under the quasi-natural experiment scenario of"Golden Tax Phase III",non-financial insurance listed enterprises in China's A-shares are selected as samples.Based on the panel data from 2000 to 2022,the research finds that the improvement of the digitization degree of tax collection and administration is conducive to improving the investment efficiency of enterprises.It is conducive to enhancing the positive investment expectations of enterprises in the implementation and promotion of the"Golden Tax Phase IV"project with a higher degree of digitization of tax collection and administration,and also points out the direction for enterprises with an investment tendency to lay out the digital fiscal and tax structure in advance.