税收征管与企业投资效率——基于金税工程三期的经验证据  

Tax Administration and Corporate Investment Efficiency

作　　者：王进朝[1] 刘星宇 WANG Jinchao;LIU Xingyu(Zhengzhou University of Areonautics,Zhengzhou 450046,China)

机构地区：[1]郑州航空工业管理学院,河南郑州450046

出　　处：《管理工程师》2023年第4期27-34,共8页Management Engineer

基　　金：研究生教育创新计划基金项目(2022CX16)。

摘　　要：文章以2010-2019年中国A股上市公司为样本,选取税收征管改革的“金税工程三期”准自然实验,引入多时点差分(DID)模型,实证检验金税三期对企业投资效率的影响。研究发现,数字化税收征管有助于提高企业投资效率,对于信息不对称程度较低的企业提升效果更显著。进一步分析表明,税收征管数字化对企业投资效率的促进作用在国有企业不明显,在非国有企业中的作用效果显著;东部地区政策溢出效应效果更明显,西部中部地区政策溢出效应不显著。文章从大数据税收征管角度拓展了企业投资效率的影响因素研究,为进一步实现大数据税收征管的政策溢出效果,提供了重要的数据支持。This paper takes a sample of Chinese A-share listed companies from 2010 to 2019 and selects the"Golden Tax Project Phase III"as a quasi-natural experiment in tax administration reform.It introduces a difference-in-differences(DID)model with multiple time points to empirically examine the impact of the third phase of Golden Tax Project on corporate investment efficiency.The research findings indicate that digital tax administration helps improve corporate investment efficiency,with a more significant effect on firms with lower information asymmetry.Further analysis reveals that the promotion effect of digital tax administration on corporate investment efficiency is not significant for state-owned enterprises but is significant for non-state-owned enterprises.Additionally,the policy spillover effect is more pronounced in the eastern region,while it is not significant in the western and central regions.This study expands the research on factors influencing corporate investment efficiency from the perspective of big data tax administration and provides important empirical data support for achieving policy spillover effects in big data tax administration.

关 键 词：税收征管 金税三期 投资效率 数字化 

分 类 号：F812.42[经济管理—财政学]