高新技术企业减税激励政策会产生同伴压力效应吗  

Will the Tax Incentives for High-Tech Enterprises Generate Peer Pressure Effects?

作　　者：杨明增 张钦成 YANG Ming-zeng;ZHANG Qin-cheng(Shandong University of Finance and Economics, Jinan 250014, China)

机构地区：[1]山东财经大学会计学院

出　　处：《当代财经》2019年第6期118-129,共12页Contemporary Finance and Economics

基　　金：国家社会科学基金项目“资本成本锚定的国有企业投资效率提升机制研究”(15BJY013);教育部人文社会科学研究规划基金项目“审计报告模式重构对投资者感知及其经济决策的影响研究”(15YJA790075)

摘　　要：高新技术企业减税激励政策会使所得税税率在同伴企业间产生较大的差异,由此会形成同伴压力效应。在构建同伴企业关系的基础上,以2008-2016年间中国A股上市公司为研究对象,实证检验了高新技术企业减税激励政策产生的同伴压力对非高新技术企业税收激进度的影响。研究发现:同伴压力会使非高新技术企业税收激进度显著提高;拥有高新技术企业子公司的非高新技术企业,其高新技术企业子公司对其面临的同伴压力具有缓解作用。进一步研究发现:非高新技术企业为国有企业、异地企业或面临低强度税收征管时,同伴压力对其税收激进度的影响更加显著。The tax incentives for high-tech enterprises will lead to large differences in income tax rates among companion companies, which will result in peer pressure effects. Based on the construction of peer enterprise relationship, this paper takes China’s A-share listed companies from 2008 to2016 as research objects to conduct an empirical test of the impact of peer pressure generated by high-tech enterprises’ tax incentives on non-high-tech enterprises’ tax incentive rate. The findings show that the peer pressure will significantly increase the tax incentive rate of non-high-tech enterprises;the high-tech enterprise subsidiaries of non-high-tech enterprises have a mitigating effect on their peer pressure. The results of further research show that when the non-high-tech enterprises are state-owned enterprises, off-site enterprises or facing lower-intensity tax collection and management, the influence of peer pressure on their tax incentive rate is more significant.

关 键 词：高新技术企业 同伴压力 减税激励 税收激进度 

分 类 号：F275.3[经济管理—企业管理]