公司治理对公司避税的作用:发展中国家的视角

IF 3.2 Q1 BUSINESS, FINANCE
Guo Yao Koay, Noor Sharoja Sapiei
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引用次数: 0

摘要

本研究从发展中国家马来西亚的视角研究了公司治理对公司避税的作用。研究采用固定效应面板最小二乘法回归模型,分析了 2016 年至 2020 年马来西亚 100 家最大上市公司的 318 个公司年度观测样本。具体而言,他们在金钱和权力的驱使下从事高风险的避税活动。研究还发现,与董事会相关的公司治理机制对公司税务合规问题的影响有限。实际意义本研究的发现有助于监管机构和政策制定者了解导致税务激进行为增加的情况,以及某些治理机制在遏制公司内部避税活动方面的局限性。研究结果还有助于股东和投资者制定内部政策,使他们的利益与管理层的利益更加一致。本研究中独特的新兴经济体证据和见解可以促进知识的发展,并对其他研究人员今后的研究有所启发。 原创性/价值 本研究与以往大多数研究不同,它从发展中国家--马来西亚--的视角来研究治理和税收问题。近年来,马来西亚公司治理框架和税收状况的发展使得在这一新兴经济体中研究这一问题具有相关性和趣味性。本研究从新兴经济体的角度出发,提供了独特的经验证据和见解,其结论可推广到具有类似市场特征的其他新兴经济体(尤其是东盟国家),从而丰富和扩展了现有文献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The role of corporate governance on corporate tax avoidance: a developing country perspective
PurposeThis study examines the role of corporate governance on corporate tax avoidance from the developing country perspective of Malaysia.Design/methodology/approachA sample of 318 firm-year observations from 2016 to 2020 from the 100 largest listed companies in Malaysia was analysed using a fixed effects panel least squares regression model.FindingsCEOs play a significant role in corporate tax avoidance in Malaysia. Specifically, they are motivated by money and power to engage in risky tax avoidance activity. It was also found that corporate governance mechanisms related to the board of directors have a limited effect on companies’ tax compliance issues.Practical implicationsThis study’s findings can help regulators and policymakers understand the circumstances leading to increased tax aggressiveness as well as the limitations of certain governance mechanisms in curbing tax avoidance activity within companies. The findings can also assist shareholders and investors in formulating internal policies to create better alignment of their interests with those of management. The unique emerging economy evidence and insights from this study advance knowledge and can inspire fellow researchers in their future studies.Originality/valueThis study differs from most prior studies by examining the governance and tax issue from a developing country perspective, that of Malaysia. Developments in the country’s corporate governance framework and tax landscape in recent years make it relevant and interesting to investigate the issue in this emerging economy. Offering unique empirical evidence and insights from an emerging economy viewpoint, and with findings that may be generalised to other emerging economies sharing similar market traits (particularly ASEAN nations), this study enriches and extends the existing literature.
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来源期刊
CiteScore
5.80
自引率
13.00%
发文量
38
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