Earticle

초록

영어

This study empirically verifies how tax avoidance affects corporate value among companies listed in the Chinese capital market, targeting A shares that can be invested and traded by individuals and companies in China. This study establishes a research hypothesis by reviewing various references and previous studies. This study conducts empirical analysis to verify the research hypothesis, targeting A stocks listed on the Chinese capital market from 2003 to 20021. This study basically verifies the relationship between tax avoidance and firm value, and additionally confirm through empirical analysis whether there is a moderating effect of corporate governance-related variables on the relationship between tax avoidance and firm value. The empirical analysis results of this study can be summarized as follows. First, Tobin's Q, which proxies for corporate value, and proxy variables for corporate tax avoidance activities(BTD, PBTD, DDBTD) all show a significant positive relationship. Second, the corporate governance scale(CG) has a significant positive moderating effect on the relevance of tax avoidance to corporate value, thereby promoting the relationship between tax avoidance activities and corporate value. Third, the stock holding ratio of the largest shareholder(TOP 1) shows a negative direction in relation to corporate value, but plays a positive regulating role in increasing the relation to corporate value of tax avoidance. This study provides new insight so that Chinese companies can view tax avoidance activities rationally and objectively by verifying the impact of tax avoidance activities on corporate value and the moderating influence of corporate governance on the relationship between tax avoidance and firm value. In addition, this study is expected to be of great help in increasing corporate value by serving as a reference for Chinese companies' tax decision-making. However, this study has a limitation in that it could not include companies in the B stock market, which are traded exclusively for foreign investment in the Chinese capital market. Therefore, in the future research, it is necessary to analyze and compare both B stocks, which are for foreign investment only, and A stocks, which are for domestic investment.

목차

Abstract
1. 서론
Ⅱ. 이론적 배경
Ⅲ. 연구가설과 연구모형
3.1 연구가설
3.2 연구모형 및 변수의 설정
Ⅳ. 실증분석
4.1 연구자료수집
4.2 실증분석 결과
Ⅴ. 결론
참고문헌

키워드

저자

• 오천영 [ Wu, Qianrong | 국립한밭대학교 대학원 회계학과 석사 ]
• 권기정 [ Kwon, Gee-Jung | 국립한밭대학교 회계학과 교수 ] Corresponding Author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  Journal of China Studies

• 간기

  계간

• pISSN

  1975-5902

• eISSN

  3022-5590

• 수록기간

  2006~2026

• 등재여부

  KCI 등재

• 십진분류

  KDC 912 DDC 951