公司治理机制差异下的税收遵从与企业绩效  

Tax Compliance and Corporate Performance Under the Difference of Corporate Governance Mechanism

作　　者：余可 李林木 YU Ke;LI Lin-mu(School of Public Finance and Taxation,Guangdong University of Finance and Economics,Guangzhou 510320,China)

机构地区：[1]广东财经大学财政税务学院,广东广州510320

出　　处：《广东财经大学学报》2022年第6期104-113,共10页Journal of Guangdong University of Finance & Economics

基　　金：广东省自然科学基金项目(2019A1515011658);广东省研究生教育创新计划教改重点项目(2016JGXM_ZD_44)。

摘　　要：实现税收遵从与企业绩效的协同提升是现代公司治理的重大目标。从董事会、股东和高管三个层面考察公司治理机制差异下税收遵从与企业绩效间的关系,研究发现税收遵从与企业绩效之间是协同提升还是发生冲突主要取决于不同的公司治理机制。在董事会层面,独立董事比例的提高有利于促进企业尤其是纳税信用等级较低的企业实现税收遵从与企业绩效的协同提升,但董事长与总经理两职合一对税收遵从与企业绩效的关系变化总体上没有明显影响;在股东层面,随着股权集中度的上升,税收遵从与企业绩效之间面临的冲突风险增加但不显著;在高管层面,高管持股比例越高,企业尤其是纳税信用等级较低的企业更有可能通过降低税收遵从度来提升绩效。从实证结果看,要实现税收遵从与企业绩效的协同提升,保障政企双赢,需要优化公司治理机制,特别是要提升独立董事比例,加大对高管持股比例高的企业的税收监管力度。It is the major goal of modern corporate governance to realize the synergistic improvement of both tax compliance and corporate performance. This paper examines the relationship between tax compliance and corporate performance under the differences of corporate governance mechanisms from three levels i.e. the board of directors, shareholders and senior executives. It is found that whether the relationship between tax compliance and corporate performance is synergistic or confrontational depends on different corporate governance mechanisms. First, at the level of the board of directors, the increase of the proportion of independent directors is conducive to promoting enterprises, especially those with originally low tax payment credit rating, to realize the coordinated improvement of tax compliance and corporate performance;however, the integration of the chair of the board and the general manager has no obvious impact on the change of their relationship. Second, at the level of the shareholder, with the increase of equity concentration, the risk of conflict between tax compliance and enterprise performance increases, but not significantly. Third, at the level of the executive, the higher the shareholding ratio of senior executives, the more likely enterprises, especially those with low tax payment credit rating, are to improve their performance by reducing tax compliance. Based on the empirical results, in order to achieve the coordinated improvement of both tax compliance and enterprise performance, and to ensure the win-win situation between the government and enterprises, it is necessary to optimize the corporate governance mechanism, especially to increase the proportion of independent directors, and strengthen tax supervision over enterprises with high proportions of executive shareholding.

关 键 词：税收遵从 企业绩效 公司治理 纳税信用等级 高管持股 协同提升 

分 类 号：F812.42[经济管理—财政学] F272.5