税收筹划对企业盈余管理的影响研究

发布时间：2018-11-20 08:29

【摘要】：随着资本市场的不断发展，税收筹划与盈余管理已成为企业财务管理活动中永恒的课题。在很长的一段时间里，国内外学者对于税收筹划和盈余管理的研究都是独立开展的，并在各自的领域形成了丰富的研究成果。近年来，一些学者开始关注税收筹划与盈余管理两者之间的交叉研究，但他们的研究仅仅将税收筹划视为盈余管理的一种手段，而没有考虑到税收筹划也会对盈余管理产生相对作用，两者有时可能因目标或动机的不同而产生冲突。通过梳理国内外的文献发现，我国学者关于税收筹划对企业盈余管理的影响研究大多停留在理论分析阶段，实证研究相当匮乏，使得研究结果缺乏有力的证据；而国外学者关于两者之间的研究也处于探索阶段，尚未形成完整的研究体系。所以，，本文以此为切入点，重点研究税收筹划对企业盈余管理程度的影响，以及在不同产权性质下这种影响存在的差异。企业的盈余管理决策往往需要在盈余管理收益和盈余管理成本之间进行权衡，而所得税成本构成了盈余管理的一项很重要的成本。因此，企业的税收负担尤其是所得税税负，是影响盈余管理以及企业相关经济行为的重要因素，而税收筹划是一种能够影响企业实际税收负担的管理活动，从而也会在一定程度上影响企业的盈余管理行为。所以，深入地研究两者之间的关系，有助于理解税收筹划对盈余管理产生的经济后果，为企业有效地运用税收筹划和盈余管理实现企业追求价值最大化的目标提供一些经验证据。本文应用会计学、管理学、经济学的基础理论，考察了税收筹划对企业盈余管理程度的影响。首先，本文从盈余管理的影响因素研究、税收筹划的相关研究、税收筹划对盈余管理的影响研究三个方面对国内外的文献进行梳理和评述；其次，阐述本文所应用的契约理论、信息不对称理论和有效税收筹划理论；再次，分析税收筹划对正向盈余管理活动和负向盈余管理活动的影响机理，并进一步讨论了税收筹划对不同产权性质下企业的盈余管理程度的影响差异；最后，选取我国2009-2011年A股上市公司作为研究样本，采用固定效应模型实证检验了税收筹划的激进程度对企业盈余管理程度的影响，以及在不同产权性质下这种影响存在的差异。本文的研究主要得出以下结论：第一，企业税收筹划的激进程度对不同方向的盈余管理程度产生的影响存在显著差异；第二，对于不同产权性质下的企业，税收筹划的激进程度对企业盈余管理程度的影响显著不同；第三，除了税收筹划这一因素以外，企业的盈余管理行为还受企业规模、财务杠杆、盈利能力等因素的影响，而且在不同盈余管理方向下，这些影响因素也有所差异。基于以上结论，本文从企业有效运用税收筹划和盈余管理以及政府对两者的监管两个方面提出了相关的政策建议。
[Abstract]:With the development of capital market, tax planning and earnings management have become an eternal subject in enterprise financial management. In a long period of time, the research on tax planning and earnings management has been carried out independently, and rich research results have been formed in their respective fields. In recent years, some scholars have begun to pay attention to the cross-study between tax planning and earnings management, but their research only regards tax planning as a means of earnings management. However, tax planning may have a relative effect on earnings management, and the two may conflict with each other because of the difference of objectives or motives. Through combing the literature at home and abroad, it is found that most of the researches on the impact of tax planning on the earnings management of enterprises stay at the stage of theoretical analysis, and the empirical research is rather scarce, which makes the research results lack of strong evidence; Foreign scholars on the research between the two are also in the exploration stage, has not yet formed a complete research system. Therefore, this paper focuses on the impact of tax planning on the degree of earnings management and the differences under different property rights. Enterprise earnings management decision often needs to balance earnings management income and earnings management costs, and income tax costs constitute a very important cost of earnings management. Therefore, the tax burden of enterprises, especially the income tax burden, is an important factor affecting earnings management and related economic behavior of enterprises, and tax planning is a kind of management activity that can affect the actual tax burden of enterprises. Thus, the earnings management behavior of enterprises will be affected to a certain extent. Therefore, in-depth study of the relationship between the two is helpful to understand the economic consequences of tax planning on earnings management. It provides some empirical evidence for enterprises to effectively use tax planning and earnings management to achieve the goal of maximizing the value of enterprises. Based on the basic theories of accounting, management and economics, this paper investigates the influence of tax planning on the degree of earnings management. First of all, this paper reviews the domestic and foreign literature from three aspects: the study of the influencing factors of earnings management, the related research of tax planning, and the study of the impact of tax planning on earnings management. Secondly, the contract theory, information asymmetry theory and effective tax planning theory used in this paper are expounded. Thirdly, it analyzes the influence mechanism of tax planning on positive earnings management and negative earnings management, and further discusses the influence of tax planning on earnings management degree of enterprises with different property rights. Finally, we select the A-share listed companies from 2009-2011 as the research sample, and use the fixed effect model to test the impact of the radical degree of tax planning on the earnings management. And under the different property right nature this kind of influence exists difference. The main conclusions of this study are as follows: first, there are significant differences in the impact of the degree of enterprise tax planning on earnings management in different directions; Second, for enterprises with different property rights, the radical degree of tax planning has a significant impact on the degree of earnings management. Third, in addition to the tax planning factor, the earnings management behavior is also affected by the size of the enterprise, financial leverage, profitability and other factors, and in different earnings management direction, these factors are also different. Based on the above conclusions, this paper puts forward some relevant policy suggestions from two aspects: the effective use of tax planning and earnings management by enterprises and the supervision of the two by the government.
【学位授予单位】：浙江财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275;F812.42

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