An examination of the relationship between implicit taxes and market structure: Evidence from Chinese listed companies

IF 2.2 3区经济学 Q2 ECONOMICS

Post-Communist Economies Pub Date : 2022-02-01 DOI:10.1080/14631377.2021.2006494

Jifeng Cao

引用次数: 0

Abstract

ABSTRACT An implicit tax is a reduction in the pre-tax rate of return driven by tax preferences on an investment. The extant research demonstrates existence of implicit taxes at corporate level, but prior studies have drawbacks in tax preferences measure. This study takes the unique advantage of Chinese corporate tax rate preference setting to address research method problems. By employing the propensity score matching and multivariate regression analysis, we demonstrate the existence of implicit taxes in Chinese listed firms and the market structure impedes the realisation of implicit taxes. The market power and market concentration reduce the negative effect of tax preferences on the firm’s pre-tax rate of return.

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隐性税收与市场结构关系研究——来自中国上市公司的证据

摘要隐性税是指在投资税收优惠的推动下降低税前回报率。现有的研究表明，企业层面存在隐性税收，但先前的研究在税收优惠措施方面存在缺陷。本研究利用我国企业税率优惠设置的独特优势来解决研究方法上的问题。通过倾向得分匹配和多元回归分析，我们证明了中国上市公司存在隐性税收，市场结构阻碍了隐性税收的实现。市场力量和市场集中度降低了税收优惠对企业税前回报率的负面影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Post-Communist Economies ECONOMICS-

CiteScore

4.90

自引率

18.20%

发文量

期刊介绍： Post-Communist Economies publishes key research and policy articles in the analysis of post-communist economies. The basic transformation in the past two decades through stabilisation, liberalisation and privatisation has been completed in virtually all of the former communist countries, but despite the dramatic changes that have taken place, the post-communist economies still form a clearly identifiable group, distinguished by the impact of the years of communist rule. Post-communist economies still present distinctive problems that make them a particular focus of research.