人工智能反馈:文献述评与研究展望  

Direct Investment in Tax Havens and Corporate Information Disclosure Quality:An Empirical Research Based on the Perspective of Annual Report Restatement

作　　者：关健 李文朴 何国华 张新安[1] Guan Jian;Li Wenpu;He Guohua;Zhang Xinan(Antai College of Economics and Management,Shanghai Jiao Tong University,Shanghai 200030,China;College of Management,Shenzhen University,Shenzhen 518060,China)

机构地区：[1]上海交通大学安泰经济与管理学院,上海200030 [2]深圳大学管理学院,广东深圳518060

出　　处：《外国经济与管理》2025年第3期83-100,共18页Foreign Economics & Management

基　　金：国家自然科学基金项目(72232005,72472100);国家留学基金“国家建设高水平大学公派研究生项目(所在单位或个人合作渠道)”(CSC202306230250);广东省自然科学基金面上项目(2024A1515012634);深圳大学高水平大学三期建设项目(000001032226)。

摘　　要：绩效反馈是激励并促进个体进步最重要的方式之一。随着人工智能技术的进步,由AI提供的反馈在实践中得到日益广泛的应用,在质量上也开始逐步超越人类管理者所提供的绩效反馈,已经成为组织管理研究中的一个重要话题。然而,现有文献对AI反馈的研究分散在组织管理、教育和医疗等不同学科领域,这导致AI反馈相关研究在研究范式、理论视角和实证方法等方面具有较大差异,且现有文献对AI反馈带来的不同效应在理论机制方面尚未形成一致的认识。鉴于此,本文首先厘清了AI反馈的概念内涵和外延;然后,系统地归纳和总结了AI反馈产生影响的配置效应和披露效应机制,构建了AI反馈的研究框架;接下来,介绍和总结了现有AI反馈研究常用或具有深远启示意义的理论机制,并讨论了理论的使用方式;最后,在此基础上,提出了五个具有科学价值和现实意义的未来研究方向。Applying China's A-share listed companies from 2007 to 2018 as the research sample,this paper empirically examines the impact of tax haven investment on annual report restatement.It also revels the influencing channel from the perspective of information asymmetry and agency cost,and explores the governance mechanism.The results show that listed companies with tax haven investment are more likely to occur annual report restatement.After controlling for other factors,the annual report restatement probability of the tax haven direct investment company is more than 15%higher than that of the non-tax haven direct investment company.This positive relationship continues to hold after conducting a series of robustness tests.By analyzing the influencing channel,it is found that tax haven investment decreases the firm's information transparency,increases the firm's agency cost,and further increases the likelihood of annual report restatement.Further study shows that this positive correlation is stronger for the bad news restatement and supplementary restatement.Tax haven investment also increases the areas and fiscal years involved in the restatement.Good internal control and external analyst coverage can play corporate governance roles,alleviating the impact of tax haven investment on annual report restatement.This paper is theoretically helpful in deeply understanding the impact of firms'foreign investment behavior on the quality of information disclosure.It enriches the research on the influencing factors of financial report restatement of China's listed companies,and provides a useful supplement to the research literature on the economic consequences of direct investment in tax havens.The existing literature mainly examines the economic consequences of direct investment in tax havens from the perspectives of macroeconomic impact,tax avoidance effect,firm value,and audit fees,while this paper expands the research perspective in this filed by exploring annual report restatement.In addition,this paper provides a theoretic

关 键 词：人工智能 人工智能反馈 配置效应 披露效应 

分 类 号：F270[经济管理—企业管理]