避税动因盈余管理及其反转效应研究——来自中国上市公司的经验证据  

The Earnings Management on Tax Avoidance and Its Reversal Effect——Empirical Evidence from Chinese Listed Companies

作　　者：李增福[1] 郑友环[1] 

机构地区：[1]华南师范大学经济与管理学院,广东广州510006

出　　处：《山西财经大学学报》2010年第8期118-124,共7页Journal of Shanxi University of Finance and Economics

基　　金：广东省哲学社会科学基金资助项目(09E-10);广州市第20次社会科学研究基金资助项目

摘　　要：研究了中国上市公司2007年所得税改革前后的盈余管理行为,发现在新的企业所得税法实施前,预期税率降低公司的负向盈余管理显著,而在预期税率升高的公司中,只有升高幅度较大公司的正向盈余管理显著;新税法实施后,公司在当年出现显著的利润反转现象。基于季度数据的研究表明,利润转移主要出现在新税法公布后一季度和实施前一季度,利润反转集中于新税法实施后一季度。这一研究结果不仅丰富了盈余管理的文献,而且对我国的税制改革也有政策启示意义。This paper investigates earnings management in China＇s listed companies in 2007 tax reform. The results show that： before the implementation of the new tax law, companies whose tax rate will be lower do income-decreasing earnings management obviously; but among the companies whose tax rate will be higher, the ones that faced a substantial elevation do income-increasing earnings management obviously; after the implementation of the new tax law, the discretionary accruals reversal; the study based on quarterly data finds that the profit-shifting occurs in the first quarter after the new tax law announcement and the last quarter before the new tax law implementation, the profit reversal occurs in the first quarter after the new tax law implementation. The results indicate that earnings management behavior of China＇s listed companies give a sensitive response to the announcement and implementation of tax law, tax avoidance is an important influential factor of the earnings management.

关 键 词：所得税改革 盈余管理 利润转移 

分 类 号：F276.6[经济管理—企业管理]