分析师跟进、分析师声誉与公司避税程度
发布时间：2018-08-27 12:05
【摘要】：以2004至2014年沪深两市A股上市公司为样本,研究分析师跟进对上市公司避税程度的影响。研究发现,分析师是否跟进、跟进人数的数量与上市公司的避税行为及避税程度具有显著正相关性。当明星分析师对上市公司进行跟进时,上市公司更趋向于选择避税,避税程度更加显著。当分析师不再跟进时,上市公司的避税程度显著降低。研究结果表明,分析师跟进并签发研究报告会给上市公司的报告盈余设定较高的目标,从而诱使上市公司通过采取避税行为来达到分析师对公司盈余预测的目标值。这一研究结果揭示了分析师跟进的不利后果,有利于丰富分析师跟进的经济后果性。
[Abstract]:Based on a sample of A-shares listed in Shanghai and Shenzhen from 2004 to 2014, analysts followed up on the impact of tax avoidance on listed companies. The study found that there was a significant positive correlation between the number of respondents and the tax avoidance behavior and degree of tax avoidance of listed companies. When star analysts follow up on listed companies, listed companies tend to choose tax avoidance, the degree of tax avoidance is more significant. When analysts no longer follow up, listed companies significantly lower tax avoidance. The results show that analysts follow up and issue research reports that set higher targets for listed companies to report earnings, thus inducing listed companies to achieve the target of analysts' earnings forecasts by taking tax avoidance actions. The findings shed light on the adverse consequences of analysts' follow-up, helping to enrich the economic consequences of analysts' follow-up.
【作者单位】： 江西财经大学会计发展研究中心/会计学院;江西财经大学现代经济管理学院;
【基金】：国家自然科学基金项目“分析师额外签发现金流预测报告的动机和经济后果——基于信号传递的视角”(71462012);国家自然科学基金项目“媒体地域属性、媒体报道倾向与上市公司投融资行为”(71462011);国家自然科学基金项目“证券分析师托市行为、投资者反应与上市公司融资策略”(71262005)
【分类号】：F275;F832.51
，
本文编号：2207224
[Abstract]:Based on a sample of A-shares listed in Shanghai and Shenzhen from 2004 to 2014, analysts followed up on the impact of tax avoidance on listed companies. The study found that there was a significant positive correlation between the number of respondents and the tax avoidance behavior and degree of tax avoidance of listed companies. When star analysts follow up on listed companies, listed companies tend to choose tax avoidance, the degree of tax avoidance is more significant. When analysts no longer follow up, listed companies significantly lower tax avoidance. The results show that analysts follow up and issue research reports that set higher targets for listed companies to report earnings, thus inducing listed companies to achieve the target of analysts' earnings forecasts by taking tax avoidance actions. The findings shed light on the adverse consequences of analysts' follow-up, helping to enrich the economic consequences of analysts' follow-up.
【作者单位】： 江西财经大学会计发展研究中心/会计学院;江西财经大学现代经济管理学院;
【基金】：国家自然科学基金项目“分析师额外签发现金流预测报告的动机和经济后果——基于信号传递的视角”(71462012);国家自然科学基金项目“媒体地域属性、媒体报道倾向与上市公司投融资行为”(71462011);国家自然科学基金项目“证券分析师托市行为、投资者反应与上市公司融资策略”(71262005)
【分类号】：F275;F832.51
，
本文编号：2207224
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