媒体监督的公司治理效应研究:基于企业避税行为视角的考察
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浙江省科技厅软科学重点项目(2020C25014);国家自然科学基金青年项目(71702165)


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    摘要:

    在数字化变革时代背景下,媒体这一网络化治理载体的意义和作用更为凸显。以2007—2016年中国A股上市公司为研究样本,从企业避税行为视角考察媒体监督的公司治理效应。研究发现:媒体监督在资本市场发挥着重要地治理作用,表现出媒体监督对企业避税行为具有显著的抑制作用,即媒体关注程度越高,企业避税程度越低;区分公司的信息环境,这一抑制作用主要体现内部控制质量差、信息透明度低的公司中,在内部控制质量和信息透明度高的公司中不存在显著影响。研究发现肯定了媒体监督抑制公司避税行为的积极作用,并将媒体监督这一重要的外部治理机制与内部信息环境同时纳入公司避税行为的分析框架中,对抑制企业管理层的机会主义倾向和治理企业避税有重要的理论和现实意义。

    Abstract:

    Under the background of digital revolution, the significance and function of media acting as the carrier of network governance is more prominent. Using China’s A share listed companies from 2007 to 2016 as the research sample, this paper investigates the corporate governance effect of media supervision from the perspective of corporate tax avoidance behavior. It is found that media supervision has a significant inhibitory effect on corporate aggressive tax avoidance. The more media attention, the less aggressive corporate tax avoidance. To distinguish the information environment of a company, this inhibiting effect is mainly reflected in the companies with poor internal control quality and low information transparency, while there is no significant influence in the companies with high internal control quality and information transparency. The discovery of this article affirms the positive role of the media supervision in restraining tax avoidance. At the same time, this paper brings media supervision which is important external governance mechanism, and internal information environment into the analytical framework of firm tax avoidance, which is to inhibit the opportunism tendency of corporate management and governance for radical tax avoidance, and undoubtedly it has an important theoretical and practical significance.

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程博,许宇鹏,林敏华.媒体监督的公司治理效应研究:基于企业避税行为视角的考察[J].审计与经济研究test,2021,(2):

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  • 在线发布日期: 2021-04-01
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