ESG绩效与现金有效税率：来自英国上市公司的证据

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation Pub Date : 2025-01-28 DOI:10.1016/j.intaccaudtax.2025.100683

Nouf Binhadab

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引用次数: 0

摘要

本文研究了现金有效税率（ETRs）与环境、社会和治理（ESG）绩效之间的关系，使用了金融时报证券交易所100指数（FTSE 100）和富时250指数公司的公司层面分析。研究结果显示，ESG绩效与现金ETRs呈正相关。研究结果对于控制ESG绩效和现金ETRs之间潜在内生性的工具变量方法是稳健的。对于非金融公司来说，ESG绩效与现金ETRs之间的正相关关系主要是由ESG绩效的环境方面驱动的，而对于金融公司来说，它是由ESG绩效的社会和治理方面驱动的。进一步的分析表明，企业社会责任（CSR）战略维度（衡量企业将CSR方面纳入其日常决策的情况）对现金ETRs有积极影响。研究结果似乎表明，企业文化可以影响税收策略。

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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ESG performance and cash effective tax rates: Evidence from UK listed firms

This paper investigates the relationship between cash effective tax rates (ETRs) and environmental, social, and governance (ESG) performance using a firm level analysis of the Financial Times Stock Exchange 100 (FTSE 100) and FTSE 250 firms. The findings show a positive correlation between ESG performance and cash ETRs. The findings are robust to an instrumental variable approach that controls for the potential endogeneity between ESG performance and cash ETRs. For non-financial firms, this positive correlation between ESG performance and cash ETRs is particularly driven by the environmental aspect of ESG performance, whereas it is driven by the social and governance aspects of ESG performance for financial firms. Additional analysis indicates that the corporate social responsibility (CSR) strategy dimension, which measures a firm’s integration of CSR aspects into its daily decision making, has a positive impact on cash ETRs. The findings seem to suggest that corporate culture can influence tax strategies.

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来源期刊

Journal of International Accounting Auditing and Taxation BUSINESS, FINANCE-

CiteScore

4.50

自引率

3.80%

发文量

期刊介绍： The Journal of International Accounting, Auditing and Taxation publishes articles which deal with most areas of international accounting including auditing, taxation and management accounting. The journal''s goal is to bridge the gap between academic researchers and practitioners by publishing papers that are relevant to the development of the field of accounting. Submissions are expected to make a contribution to the accounting literature, including as appropriate the international accounting literature typically found in JIAAT and other primary US-based international accounting journals as well as in leading European accounting journals. Applied research findings, critiques of current accounting practices and the measurement of their effects on business decisions, general purpose solutions to problems through models, and essays on world affairs which affect accounting practice are all within the scope of the journal.