税收征管信息化与企业风险承担水平--基于“金税三期”工程的准自然实验  

The Tax Enforcement Informatization and Corporate Risk-taking:A Quasi-natural Experiment Based on the“Third Phase of Golden Tax Project”

作　　者：赵欣[1] 陈颂凯 王浩宇 朱立怡 ZHAO Xin;CHEN Song-kai;WANG Hao-yu;ZHU Li-yi

机构地区：[1]中央财经大学会计学院

出　　处：《中央财经大学学报》2024年第8期71-81,共11页Journal of Central University of Finance & Economics

基　　金：国家自然科学基金面上项目“预算管理程序公平:决定因素与影响后果”(项目编号:71672208);国家社会科学基金一般项目“商业智能对企业管理控制系统的影响机理研究”(项目编号:21BGL095);广州市哲学社会科学发展“十四五”规划共建课题“广州实现高水平科技自立自强路径政策研究”(项目编号:2023GZGJ58)。

摘　　要：“十四五”规划中强调要加快数字化发展,提升数字化政府服务效能。税收征管信息化建设是数字政府建设的重要组成部分之一,考察其对经济社会发展产生的影响具有深刻现实意义。本文借助“金税三期”工程实施这一准自然实验,实证检验了税收征管信息化对企业风险承担水平的影响。研究发现,“金税三期”工程的实施降低了试点地区企业的风险承担水平。机制检验发现,“金税三期”工程实施后企业风险承担水平降低是通过降低经营风险和减少投资高风险项目实现。进一步的研究表明,“金税三期”工程对风险承担水平的降低效应在不具有政治关联以及杠杆率较高的企业之中更加显著。本文的结论在一定程度上说明了税收征管信息化建设有助于引导企业进行合理投资,避免盲目追求高风险投资,也为继续深入推进税收信息化治理提供证据支持。The 14th Five-Year Plan emphasizes the need to accelerate digital development and improve the efficiency of digital government services.Due to the tax enforcement informatization is an important part of public service informatization,investigating its impacts on economic and social development has practical significance.Based on using the“Third Phase of Golden Tax Project”as the quasi-natural experiment,this paper examines the effects of tax enforcement informatization on corporate risk-taking.We find risk-taking decline significantly for corporations in the pilot area after the implementation of the Third Phase of Golden Tax Project.The mechanism test found that the effect of the Third Phase of Golden Tax Project in reducing the risk-taking level of corporations is achieved by reducing business operational risks and decreasing investments in high-risk projects.And this effect is stronger for corporations without political connections and with high financial leverage.Collectively,our finding shows the tax enforcement informatization helps corporations to make reasonable investment and avoid blindly pursuing risky investment.And our result also provides some evidences for promoting the informatization of taxation governance in the future.

关 键 词：税收征管信息化 风险承担 金税三期 

分 类 号：F275.5[经济管理—企业管理]