English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113656/144643 (79%)
Visitors : 51725429      Online Users : 596
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version
    政大機構典藏 > 學術期刊 > 會計評論 > 期刊論文 >  Item 140.119/132548


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/132548


    Title: 企業社會責任與租稅規避之關係：經理人持股的調節效果
    Corporate Social Responsibility and Tax Aggressiveness: The Moderating Effect of Managerial Ownership
    Authors: 蘇迺惠
    Su, Nai-Hui
    朱珮瑜
    Chu, Pei-Yu
    Contributors: 會計評論
    Keywords: 企業社會責任 ; 租稅規避 ; 有效稅率 ; 經理人持股 
    Corporate social responsibility ; Tax aggressiveness ; Effective tax rate ; Managerial ownership
    Date: 2020-07
    Issue Date: 2020-11-13 10:24:43 (UTC+8)
    Abstract: 在代理架構下，經理人可藉由從事租稅規避、社會責任活動進行尋租，因此可能產生經理人與股東間的代理問題。增加經理人權益誘因可以產生利益一致效果，降低代理成本。然而當經理人持有重大比例股權，可能引發控制股東經理人進行利益侵佔，反而形成控制股東侵佔少數股東利益的代理問題。由於租稅規避、社會責任活動可能衍生代理成本，而代理成本與經理人股權有關，因此本研究認為經理人持股高低會影響企業社會責任與租稅規避之關係。本研究以台灣上市櫃公司為樣本，研究期間為2010年至2016年，以經理人持股比例作為調節變項，檢測企業社會責任與租稅規避之關係。實證發現如下：（1）社會責任表現愈佳之企業其有效稅率愈高，顯示具有社會責任之企業較不會進行租稅規避，支持利害關係人假說觀點；（2）經理人持股比例愈高，企業的有效稅率愈高、財稅差異愈小，表示經理人持股愈高之企業愈不會進行租稅規避；（3）有限證據顯示經理人持股對企業社會責任與租稅規避之負向關係有調節效果。本研究發現當經理人擁有高度股權時，控制股東經理人可能藉由企業社會責任活動掩飾租稅規避的利益侵佔行為，因而在經理人擁有高度股權情況下，無法觀察到經理股權對企業社會責任與租稅規避之關係有顯著調節效果。
    From the traditional agency theory perspective, managers may hide rent extraction through tax aggressiveness and social responsibility activities. Existing theories propose that greater managerial ownership generates greater alignment of the interests of managers and shareholders and thus reduces the agency costs. On the other hand, increasing managerial ownership may entrench managers, causing agency conflicts between the controlling owner who is also the manager and minority shareholders. Using a sample of Taiwanese listed companies from 2010 to 2016, this study investigates whether socially responsible firms are less or more tax aggressive, and whether this relationship will be impacted by managerial ownership. This study finds that firms with high CSR have higher effective tax rates, supporting the stakeholder theory. In addition, this study finds that firms with higher managerial ownership are less tax aggressive, consistent with the alignment effect argument. This study finds only limited evidence that managerial ownership has a moderating effect on the negative relation between CSR and tax aggressiveness. However, when managers own a significant equity ownership, this study finds no evidence that managerial ownership moderates the negative relationship between CSR and tax aggressiveness. This suggests that owner-managers might increase CSR activities to mask their rent extraction through tax aggressive activities.
    Relation: 會計評論, 71, 133-182
    Data Type: article
    DOI 連結: https://doi.org/10.6552/JOAR.202007_(71).0004
    DOI: 10.6552/JOAR.202007_(71).0004
    Appears in Collections:[會計評論] 期刊論文

    Files in This Item:

    File Description SizeFormat
    12.pdf517KbAdobe PDF2358View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    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 ©   - Feedback