政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/141759
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文筆數/總筆數 : 113318/144297 (79%)
造訪人次 : 50955538      線上人數 : 971
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜尋範圍 查詢小技巧：
  • 您可在西文檢索詞彙前後加上"雙引號"，以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋，建議至進階搜尋限定作者欄位，可獲得較完整資料
    •  進階搜尋


    請使用永久網址來引用或連結此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/141759


    題名: 避稅程度與銀行借款－以台灣半導體產業為例
    Tax Avoidance and Bank Loan - Evidence From Taiwan’s Semiconductor Industry
    作者: 陳柏豪
    Chen, Bo-Hao
    貢獻者: 黃智聰
    Huang, Jr-Tsung
    陳柏豪
    Chen, Bo-Hao
    關鍵詞: 企業避稅
    銀行借款
    GMM模型
    GMM model
    Tax avoidance
    Band loan
    日期: 2022
    上傳時間: 2022-09-02 15:30:15 (UTC+8)
    摘要: 銀行借貸是企業營運及發展的重要支柱，也是維繫企業存續的關鍵，尤其台灣企業目前深受疫情衝擊，許多企業面臨到嚴峻的營運衰退問題，也因此無論是企業或台灣政府，都需要思考如何透過銀行借款以幫助企業存續，進而增加就業人口與穩定台灣經濟。
    本研究的研究目的在於，探討對於台灣半導體企業而言，企業避稅程度以及其他可能的影響因素對於企業之銀行借款的影響，本研究採取台灣半導體上市企業為研究對象，採用2012年至2020年54家半導體產業上市企業為樣本共486筆數據為樣本，使用GMM模型進行分析。
    本研究在經過資料與模型的檢定後，以GMM模型得到實證結果，實證結果發現 : 企業的銀行借款受到該企業的避稅程度負向影響、企業成長負向影響、平均收帳天數正向影響、淨值資產比負向影響、總經理與副總經理薪酬正向影響、董事會專業性正向影響。
    Bank loans is an important pillar for the operation and development of a company, and it is also the key to maintaining the company`s survival. In particular, Taiwanese companies are currently deeply affected by the COVID－19, and many companies are facing recession problems. Therefore, both companies and the Taiwan government need to think about helping company survive by bank loans, thereby increasing employment and stabilizing Taiwan`s economy.
    The purpose of this research is to explore the impact of the corporate tax avoidance on the bank loans of Taiwanese semiconductor companies. This research use of 486 data for 54 semiconductor companies as samples, and use GMM model for analysis.
    After the test of the data and the model, this research uses the GMM model to obtain the results. The results show that: tax avoidance of the company has a significant negative impact on the company`s bank loan . The growth of the company has a significant negative impact on the company`s bank loan . The company`s liquidity have a significant negative impact on the company`s bank loan ; the asset of the company has a significant negative impact on the company`s bank loans; The salary of company`s CEO has a significant positive impact on the company`s bank loans.
    參考文獻: 黃美祝、楊佩璇（2011）。集團企業與非集團企業避稅程度之比較。會計學報，4（1），1–22。
    Alves, P., E. Couto and P. Francisco (2015), “Board of Directors’ Composition and Capital Structure.” Research in International Business and Finance, 35.
    Anderson, I. (2004), “Capital Structure and Stock Returns.” Journal of Political Economy, 112, 1.
    Baker , M., and J. Wurgler (2002),“Market Timing and Capital Structure.” The Journal of Finance , 57(1), 1–32.
    Baker, H. K., G. E. Powell, and E. T. Veit (2003), “Why Companies Use Open-Market Re-purchases: A Managerial Perspective.” The Quarterly Reviews of Economics and Finance, 43, 483-504.
    Baltagi, H. Badi, B. Fingleton, and A. Pirotte (2014), “Estimating and Forecasting with a Dynamic Spatial Panel Data Model.” Oxford Bulletin of Economics and Statistics, 76(1), 112–138.
    Berger, P.G., E. Ofek and D.L. Yermack (1997), “Managerial Entrenchment and Capital Structure Decisions.” The Journal of Finance, 52, 1411-1438.
    Chang, X., S. Dasgupta, and G. Hilary (2009), “The Effect of Auditor Quality on Financing Decisions.” The Accounting Review, 84(4), 1085–1117.
    Chiesa, M. and S. Barua (2019), “The Surge of Impact Borrowing: The Magnitude and Determinants of Green Bond Supply and Its Heterogeneity Across Markets.” Journal of Sustainable Finance and Investment, 9(2), 138–161.
    Duong, H.K., A.D. Ngo and C.B. McGowan (2015), “Industry Peer Effect and the Maturity Structure of Corporate Debt.” Managerial Finance, 41(7), 714-733.
    Eriotis, N., D. Vasiliou, and V. Zoe (2007), “How Firm Characteristics Affect Capital Structure: An Empirical Study.” Managerial Finance, 33, 321-331.
    Graham, R. and L. Tucker (2006),“Tax Shelters and Corporate Debt Policy.” Journal of Financial Economics, 81(3), 563-594.
    Hasan, M., H. Ahsan, and A. Nurul (2021), “Asset Redeploy Ability and Corporate Tax Avoidance.” Abacus, 57(2), 183–219.
    Hemmelgarn, T. and D. Teichmann (2014), “Tax Reforms and the Capital Structure of Banks.” International Tax and Public Finance, 21, 645–693.
    Jaggi, B. and F.A. Gul (1999), “An Analysis of Joint Effects of Investment Opportunity Set, Free Cash Flows and Size on Corporate Debt Policy.” Review of Quantitative Finance and Accounting ,12, 371–381.
    Jensen, C. and M. William (1986), “Theory of the Firm : Managerial Behavior, Agency Costs, and Capital Structure.” Journal of Financial Economics, 3, 305–360.
    MacKay, P. and G. M. Phillips (2005), “How Does Industry Affect Firm Financial Structure?” The Review of Financial Studies, 18(4), 1433–1466.
    Modigliani, F. and M. Miller (1958), “The Cost of Capital, Corporation Finance and the Theory of Investment.” The American Economic Review, 48, 261-297.
    Modigliani, F. and M. Miller (1963),“Corporate Income Taxes and the Cost of Capital: A Correction .”American Economic Review, 53, 433-443.
    Myers, S. C. and N. S. Majluf (1984), “Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have.” Journal of Financial Economics ,13(2), 187–221.
    Myers, C. (1977), “Determinants of Corporate Borrowing.” Journal of Financial Economics ,5, 147–175.
    Panigrahi, A. (2013), “Relationship between Inventory Management and Profitability: An Empirical Analysis of Indian Cement Companies.” Asia Pacific Journal of Marketing & Management Review, 2(7).
    Ronald C., A. Sattar, and M. David (2004), “Board Characteristics, Accounting Report Integrity, and the Cost of Debt.” Journal of Accounting and Economics,37(3), 315-342.
    Wu, L. and H. Yue (2009), “Corporate Tax, Capital Structure, and the Accessibility of Bank Loans: Evidence from China.” Journal of Banking & Finance, 33(1), 30-38.
    金融監督管理委員會，111年5月10號，取自網址https://www.fsc.gov.tw/ch/home.jsp?id=96&parentpath=0,2&mcustomize=news_view.jsp&dataserno=202205100003&aplistdn=ou=news,ou=multisite,ou=chinese,ou=ap_root,o=fsc,c=tw&dtable=News。
    臺灣中小企業銀行，111年5月17號，取自網址https://sme-knet.org/system/wp-content/uploads/2019/07/43b7d03dad36e631c16bf39ad0951e53.pdf。
    台北論壇網，110年12月20號，取自網址https://www.taipeiforum.org.tw/article_d.php?lang=tw&id=9184&tb=3。
    臺灣入口網，111年7月10號，取自網址https://investtaiwan.nat.gov.tw/showIndInfo?guid=1&lang=cht。
    描述: 碩士
    國立政治大學
    財政學系
    109255021
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0109255021
    資料類型: thesis
    DOI: 10.6814/NCCU202201164
    顯示於類別:[財政學系] 學位論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    502101.pdf1108KbAdobe PDF20檢視/開啟


    在政大典藏中所有的資料項目都受到原著作權保護.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回饋