企業避稅對負債水準之影響-以中國為例

Abstract

本研究係以中國企業為樣本，檢視租稅規避與負債水準的關聯性。本研究亦檢視企業型態對租稅規避及負債水準關聯性之影響。此外，本研究檢視企業總部所屬省份之法制環境對租稅規避及負債水準關聯性之影響。實證結果顯示，企業的租稅規避程度較高，負債比率顯著較低。實證結果亦顯示，企業型態並未顯著影響租稅規避及負債水準關聯性。此外，實證結果顯示，企業總部所屬省份之法制環境並未顯著影響租稅規避及負債水準關聯性。

This study aims to examine the relationship between corporate tax avoidance and debt level using Chinese listed firms as a sample. This study also examines to what extent the types of business affect the relationship between tax avoidance and debt level. Furthermore, this study examines how legal environment which the headquarters of the companies locate affects the relationship between tax avoidance and debt level. The empirical results show that debt level is significantly lower for firms with higher extent of tax avoidance. The empirical results also indicate that the types of business do not significantly affect the relationship between tax avoidance and debt level. In addition, the results show that the legal environment has no significant impact on the relation between tax avoidance and the debt level.