中国上市公司IPO过程中补税行为实证研究  

An Empirical Study of the Overdue Tax Paid by China's Listed Companies during the IPO Process

作　　者：陆正华[1] 马颖翩[1] 

机构地区：[1]华南理工大学工商管理学院,广东广州510640

出　　处：《当代财经》2010年第8期26-32,共7页Contemporary Finance and Economics

摘　　要：税务规范及税收成本是拟上市公司IPO进程中的棘手问题。根据2008年在中小板首次发行的上市公司数据研究发现,首发前一年用于支付税费的现金支出大幅度增加,补税行为明显,且首发上市公司盈余管理空间越充足、经营活动现金流越充裕,则补税行为越明显;而税收征收方式与审计质量在一定程度上制约着补税行为的发生。因此,证监会应加强对上市公司税收信息披露的严格审查;中小企业应增强依法纳税意识,规范税务风险管理;地方政府及税务机关开展监管时应增强独立性。Taxation regulation and taxation cost are difficult problems for listed companies to handle during their IPO process.Based on the data of new listed firms in SME board in 2008,this study finds out that if cash paid for taxes one year before the initial issuing of stock increases substantially,the payment of overdue tax will be obvious.And if these companies have more adequate space for earnings management,they will have more ample cash flow for operating activities,and the overdue tax payment is more obvious.While the methods of tax collection and the quality of auditing will restrict the payment of overdue tax to a certain extent.Therefore,China Securities Regulatory Commission should strengthen the examination and approval of the tax information disclosure of listed companies;the small and medium enterprises should increase their awareness of paying taxes according to law and normalize their tax risk management;and the local governments and tax authorities should strengthen their independence in performing their responsibility of monitoring.

关 键 词：上市公司 税收征管 补税行为 IPO过程 税务风险 

分 类 号：F812.423[经济管理—财政学]