媒体关注对家族企业税收激进的影响——家族所有权、家族管理涉入的调节作用  

Impacts of Media Coverage on Family Enterprise’s Tax Aggressiveness:Moderating Effects of Family Ownership,Family Involvement in Management

作　　者：严若森[1] 祁浩[1] 钱晶晶[2] YAN RuoSen;QI Hao;QIAN JingJing(School of Economics and Management,Wuhan University,Wuhan 430072;School of Economics and Management,Nanchang University,Nanchang 330031)

机构地区：[1]武汉大学经济与管理学院,湖北武汉430072 [2]南昌大学经济管理学院,江西南昌330031

出　　处：《财贸研究》2020年第3期97-110,共14页Finance and Trade Research

基　　金：教育部人文社会科学研究规划基金项目“中国家族企业的创始人政治关联、社会情感财富与控制权代际锁定研究”(18YJA630126);教育部新世纪优秀人才支持计划项目(NCET-11-0412)。

摘　　要：纳入企业双重代理成本与家族社会情感财富因素,选取2011—2015年中国A股家族上市公司2717个有效样本,实证分析媒体关注对家族企业税收激进的影响,并考察家族所有权与家族管理涉入两个家族企业特征变量对上述影响关系的调节效应。研究结果显示:媒体关注对家族企业税收激进具有抑制作用;家族所有权比例越高,媒体关注对家族企业税收激进的抑制作用越强;家族管理涉入会弱化媒体关注对家族企业税收激进的抑制作用。研究结论能够为政府税收监管、家族控股股东治理以及投资者保护提供有益启示。From multiple agency cost and social emotional wealth perspective,taking 2717 valid samples from A share listed family enterprises in China from 2011 to 2015,this paper conducts an empirical study on influence of media coverage on the family enterprise’s tax aggressiveness,and moderating effects of family ownership and family involvement in management on the relationship.The results show that there is an inhibitory effect on media coverage to the family enterprise’s tax aggressiveness.The higher the proportion of family ownership,the stronger inhibitory effect that the media coverage on the family enterprise’s tax aggressiveness.Family involvement in management will weaken the inhibitory effect that media coverage on family enterprise’s tax aggressiveness.Empirical evidence and research conclusions of the paper provide a useful inspiration and policy implications for the government’s tax regulation,family controlling shareholder governance and investor protection.

关 键 词：媒体关注 家族所有权 家族管理涉入 企业税收激进 

分 类 号：F275[经济管理—企业管理] F810.42[经济管理—国民经济]