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題名 稅務專長董事與企業特性之關聯性
The association between directors with tax expertise on the board and firm characteristics作者 朱耘達
Chu, Yun Da貢獻者 陳明進
Chen, Ming Chin
朱耘達
Chu, Yun Da關鍵詞 稅務專長
稅務董事
企業特性
租稅規劃
Tax expertise
Tax directors
Firm characteristics
Tax planning日期 2017 上傳時間 31-Jul-2017 10:56:20 (UTC+8) 摘要 本文主要在探討稅務專長董事與企業特性之間的關聯性，並延伸Taylor and Richardson (2014)之研究，以2006至2015年美國企業作為研究樣本。實證結果顯示，企業是否具備稅務專長之董事與企業之租稅複雜程度有關，租稅複雜程度愈高之企業，愈有稅務專長董事之需求。此外，在控制企業規模之穩健性測試下，企業租稅複雜程度與稅務專長董事亦呈現顯著正相關。其次，本文亦發現較有可能進行避稅活動之企業，愈有稅務專長董事之需求，顯示企業希望藉由稅務董事之長才進行較為激進之租稅規劃。本文之研究結果提供稅務專長之董事與企業特性及企業避稅活動關聯之實證證據。
Followed by Taylor and Richardson (2014)’s research, and using US firms data over the 2006-2015 period, this study investigates the relationship between directors with tax expertise on the board and firm characteristics. The results suggest that the demands of directors with tax expertise are correlated with corporate tax complexity. Firms with higher corporate tax complexity have higher demands of directors with tax expertise. Besides, in the robustness test controlling the firm sizes, the results also show the demands of directors with tax expertise exhibits a strong positive relationship with corporate tax complexity. In addition, this study also finds firms which are more likely to engage in tax avoidance have higher demands of the directors with tax expertise, indicating that firms select tax directors to use their expertise to carry out more aggressive tax planning. This study provides empirical evidence on the relationship between directors with tax expertise on the board, firm characteristics and corporate tax avoidance.參考文獻 吳嘉勳，2015，租稅法（三十六版），台北：華泰文化。林嬌能，2016，獨立董事在企業租稅規劃的監督效果，會計審計論叢，第6卷，第1期：55-86。陳明進，2002，營利事業有效稅率決定因素之實證研究，會計評論，第34期：57-75。魏妤珊、廖俊煌與黃法蓉，2016，董事身份特性與企業風險管理對企業避稅之影響，商管科技季刊，第17卷，第2期：141-183。Armstrong, C. S., J. L. Blouin, and D. F. Larcker. 2012. The incentives for tax planning. Journal of Accounting and Economics 53: 391-411.Ayers, B., J. Jiang, and P. Yeung. 2006. Discretionary accruals and earnings management: An analysis of pseudo earnings management. The Accounting Review 81: 617-652.Bonner, S. E., J. S. Davis, and B. R. Jackson. 1992. Expertise in corporate tax planning: The issue indentification stage. Journal of Accounting Research 30: 1-28.Carter, D. A., B. J. Simkins, and W. G. Simpson. 2003. Corporate governance board diversity firm value. The Financial Review 38: 33-53.Chen, S., X. Chen, Q. Cheng, and T. Shevlin. 2010. Are family firms more tax aggressive than non-family firms? Journal of Financial Economics 95: 41-61.Cheng, C. S. A., H. H. Huang, Y. Li, and J. Stanfield. 2012. The effect of hedge fund activism on corporate tax avoidance. The Accounting Review 87: 1493-1526.DeFond, M. L., N. H. Rebecca, and X. Hu. 2005. Does the market value financial expertise on audit committees of directors? Journal of Accounting Research 43: 159-193.Desai, M. A., and D. Dharmapala. 2006. Corporate tax avoidance and high-powered incentives. Journal of Financial Economics 79: 145-179.____, and ____. 2008. Tax and corporate governance: An economic approach. In W. Schön (Ed.), Tax and Corporate Governance Berlin, Heidelberg: Springer 13-30.Dhaliwal, D., V. Naiker, and F. Navissi. 2010. The association between accruals quality and the characteristics of accounting experts and mix of expertise on audit committees. Contemporary Accounting Research 27: 787-827.Dischinger, M., and N. Riedel. 2011. Corporate taxes and the location of intangible assets within multinational firms. Journal of Public Economics 95: 691-707.Donohoe, M. P., G. A. McGill, and E. Outslay. 2014. Risky business: The prosopography of corporate tax planning National Tax Journal 67: 851-874.Dyreng, S. D., M. Hanlon, and E. L. Maydew. 2008. Long-run corporate tax avoidance. The Accounting Review 83: 61-82.____, ____, and ____. 2010. The effects of executives on corporate tax avoidance. The Accounting Review 85: 1163-1189.____, and B. P. Lindsey. 2009. Using financial accounting data to examine the effect of foreign operations located in tax havens and other countries on U.S. multinational firms` tax rates. Journal of Accounting Research 47: 1283-1316.Fama, E., and M. Jensen. 1983. Agency problems and residuals claims. Journal of Law and Economics 26: 327-349.Feller, A., and D. Schanz. 2017. The three hurdles of tax planning: How business context, aims of tax planning, and tax manager power affect tax expense. Contemporary Accounting Research 34: 494-524.Frank, M. M., J. L. Lynch, and S. O. Rego. 2009. Tax reporting aggressiveness and its relation to aggressive financial reporting. The Accounting Review 84: 467-496.Graham, J. R., M. Hanlon, T. Shevlin, and N. Shroff. 2014. Incentives for tax planning and avoidance: Evidence from the field. The Accounting Review 89: 991-1023.____, J. S. Raedy, and D. A. Shackelford. 2012. Research in accounting for income taxes. Journal of Accounting and Economics 53: 412-434.____, and A. L. Tucker. 2006. Tax shelters and corporate debt policy. Journal of Financial Economics 81: 563-594.Gupta, S., and K. Newberry. 1997. Determinants of the variability in corporate effective tax rates: Evidence from longitudinal data. Journal of Accounting and Public Policy 16: 1-34.Hanlon, M. 2005. The persistence and pricing of earnings, accruals, and cash flows when firms have book-tax differences. The Accounting Review 80: 137-166.____, and S. Heitzman. 2010. A review of tax research. Journal of Accounting and Economics 50: 127-178.____, and J. Slemrod. 2009. What does tax aggressiveness signal? Evidence from stock price reactions to news about tax shelter involvement. Journal of Public Economics 93: 126-141.Hsu, P. H., J. A. Moore, and D. O. Neubaum. 2014. Tax avoidance, financial experts on the board, and business strategy. Working paper. California State University, East Bay. Krishnan, G. V., and G. Visvanathan. 2011. Is there an association between earnings management and auditor-provided tax services? The Journal of American Taxation Association 33: 111-135.Krishnan, J., Y. Wen, and W. Zhao. 2011. Legal expertise on corporate audit committees and financial reporting quality. The Accounting Review 86: 2099-2130.Lietz, G. M. 2013. Tax avoidance vs. tax aggressiveness: A unifying conceptual framework. Working paper. University of Münster. Linck, J. S., J. M. Netter, and T. Yang. 2008. The determinants of board structure. Journal of Finance and Economics 87: 308-328.Lisowsky, P. 2010. Seeking shelter: Empirically modeling tax shelters using financial statement information. The Accounting Review 85: 1693-1720.Manzon, G., and G. Plesko. 2005. The relation between financial and tax reporting measures of income. Tax Law Review 55: 175-214.Maydew, E. L., and D. A. Shackelford. 2007. The changing role of auditors in corporate tax planning. In A. J. Auerbach, J. J. R. Hines, and J. Slemrod (Eds.), Taxing Corporate Income in the 21st Century Cambridge: Cambridge University Press: 307-337.McGuire, S. T., T. C. Omer, and D. Wang. 2012. Tax avoidance: Does tax-specific industry expertise make a difference? The Accounting Review 87: 975-1003.Mills, L. F., M. M. Erickson, and E. L. Maydew. 1998. Investments in tax planning. Journal of the American Taxation Association 20: 1-20.____, and K. J. Newberry. 2001. The influence of tax and nontax costs on book‐tax reporting differences: Public and private firms. The Journal of the American Taxation Association 23: 1-19.Oler, M., T. Shevlin, and R. Wilson. 2007. Examining investor expectations concerning tax savings on the repatriations of foreign earnings under the American Jobs Creation Act of 2004. Journal of the American Taxation Association 29: 25-55.Omer, T. C., J. C. Bedard, and D. Falsetta. 2006. Auditor-provided tax services: The effects of a changing regulatory environment. The Accounting Review 81: 1095-1117.Phillips, J., M. Pincus, and S. O. Rego. 2003. Earnings management: New evidence based on deferred tax expense. The Accounting Review 78: 491-521.Rego, S. O. 2003. Tax-avoidance activities of U.S. multinational corporations. Contemporary Accounting Research 20: 805-833.____, and R. Wilson. 2012. Equity risk incentives and corporate tax aggressiveness. Journal of Accounting Research 50: 775-810.Richardson, G., and R. Lanis. 2007. Determinants of the variability in corporate effective tax rates and tax reform: Evidence from Australia. Journal of Accounting and Public Policy 26: 689-704.Scholes, M. S., M. A. Wolfson, M. M. Erickson, E. L. Maydew, and T. J. Shevlin. 2015. Taxes and Business Strategy: A Planning Approach. New Jersey: Pearson Prentice Hall.Siegfried, J. 1974. Effective average U. S. corporation income tax rates. National Tax Journal 27: 245-259.Stickney, C., and V. McGee. 1982. Effective corporate tax rates: The effect of size, capital intensity, leverage, and other factors. Journal of Accounting and Public Policy 1: 125-152.Taylor, G., and G. Richardson. 2012. International corporate tax avoidance practices: Evidence from Australian firms. The International Journal of Accounting 47: 469-496.____, and ____. 2014. Incentives for corporate tax planning and reporting: Empirical evidence from Australia. Journal of Contemporary Accounting & Economics 10: 1-15.Waller, W. S., and W. L. Felix. 1989. Auditors` causal judgments: Effects of forward vs backward inference on information processing. Accounting, Organizations and Society 14: 179-200.Wilson, R. 2009. An examination of corporate tax shelter participants. The Accounting Review 84: 969-999.Zimmerman, J. 1983. Taxes and firm size. Journal of Accounting and Economics 5: 119-149. 描述 碩士
國立政治大學
會計學系
104353105資料來源 http://thesis.lib.nccu.edu.tw/record/#G0104353105 資料類型 thesis dc.contributor.advisor 陳明進 zh_TW dc.contributor.advisor Chen, Ming Chin en_US dc.contributor.author (Authors) 朱耘達 zh_TW dc.contributor.author (Authors) Chu, Yun Da en_US dc.creator (作者) 朱耘達 zh_TW dc.creator (作者) Chu, Yun Da en_US dc.date (日期) 2017 en_US dc.date.accessioned 31-Jul-2017 10:56:20 (UTC+8) - dc.date.available 31-Jul-2017 10:56:20 (UTC+8) - dc.date.issued (上傳時間) 31-Jul-2017 10:56:20 (UTC+8) - dc.identifier (Other Identifiers) G0104353105 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/111442 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 會計學系 zh_TW dc.description (描述) 104353105 zh_TW dc.description.abstract (摘要) 本文主要在探討稅務專長董事與企業特性之間的關聯性，並延伸Taylor and Richardson (2014)之研究，以2006至2015年美國企業作為研究樣本。實證結果顯示，企業是否具備稅務專長之董事與企業之租稅複雜程度有關，租稅複雜程度愈高之企業，愈有稅務專長董事之需求。此外，在控制企業規模之穩健性測試下，企業租稅複雜程度與稅務專長董事亦呈現顯著正相關。其次，本文亦發現較有可能進行避稅活動之企業，愈有稅務專長董事之需求，顯示企業希望藉由稅務董事之長才進行較為激進之租稅規劃。本文之研究結果提供稅務專長之董事與企業特性及企業避稅活動關聯之實證證據。 zh_TW dc.description.abstract (摘要) Followed by Taylor and Richardson (2014)’s research, and using US firms data over the 2006-2015 period, this study investigates the relationship between directors with tax expertise on the board and firm characteristics. The results suggest that the demands of directors with tax expertise are correlated with corporate tax complexity. Firms with higher corporate tax complexity have higher demands of directors with tax expertise. Besides, in the robustness test controlling the firm sizes, the results also show the demands of directors with tax expertise exhibits a strong positive relationship with corporate tax complexity. In addition, this study also finds firms which are more likely to engage in tax avoidance have higher demands of the directors with tax expertise, indicating that firms select tax directors to use their expertise to carry out more aggressive tax planning. This study provides empirical evidence on the relationship between directors with tax expertise on the board, firm characteristics and corporate tax avoidance. en_US dc.description.tableofcontents 第壹章、緒論 1第一節、研究背景與動機 1第二節、研究問題與目的 4第三節、研究架構 5第貳章、文獻探討 7第一節、稅務專長董事相關之文獻 7第二節、企業租稅規劃與租稅規避行為相關之文獻 10第三節、過去文獻與本研究之相關性 17第參章、研究方法 19第一節、研究假說 19第二節、實證模型 21第三節、樣本篩選與資料來源 34第肆章、實證結果與分析 36第一節、敘述性統計 36第二節、實證結果與分析 42第三節、額外測試 48第四節、穩健性測試 54第伍章、結論與建議 62第一節、研究結論 62第二節、研究建議 63參考文獻 64 zh_TW dc.format.extent 1468513 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0104353105 en_US dc.subject (關鍵詞) 稅務專長 zh_TW dc.subject (關鍵詞) 稅務董事 zh_TW dc.subject (關鍵詞) 企業特性 zh_TW dc.subject (關鍵詞) 租稅規劃 zh_TW dc.subject (關鍵詞) Tax expertise en_US dc.subject (關鍵詞) Tax directors en_US dc.subject (關鍵詞) Firm characteristics en_US dc.subject (關鍵詞) Tax planning en_US dc.title (題名) 稅務專長董事與企業特性之關聯性 zh_TW dc.title (題名) The association between directors with tax expertise on the board and firm characteristics en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 吳嘉勳，2015，租稅法（三十六版），台北：華泰文化。林嬌能，2016，獨立董事在企業租稅規劃的監督效果，會計審計論叢，第6卷，第1期：55-86。陳明進，2002，營利事業有效稅率決定因素之實證研究，會計評論，第34期：57-75。魏妤珊、廖俊煌與黃法蓉，2016，董事身份特性與企業風險管理對企業避稅之影響，商管科技季刊，第17卷，第2期：141-183。Armstrong, C. S., J. L. Blouin, and D. F. Larcker. 2012. The incentives for tax planning. Journal of Accounting and Economics 53: 391-411.Ayers, B., J. Jiang, and P. Yeung. 2006. Discretionary accruals and earnings management: An analysis of pseudo earnings management. The Accounting Review 81: 617-652.Bonner, S. E., J. S. Davis, and B. R. Jackson. 1992. Expertise in corporate tax planning: The issue indentification stage. Journal of Accounting Research 30: 1-28.Carter, D. A., B. J. Simkins, and W. G. Simpson. 2003. Corporate governance board diversity firm value. The Financial Review 38: 33-53.Chen, S., X. Chen, Q. Cheng, and T. Shevlin. 2010. Are family firms more tax aggressive than non-family firms? Journal of Financial Economics 95: 41-61.Cheng, C. S. A., H. H. Huang, Y. Li, and J. Stanfield. 2012. The effect of hedge fund activism on corporate tax avoidance. The Accounting Review 87: 1493-1526.DeFond, M. L., N. H. Rebecca, and X. Hu. 2005. Does the market value financial expertise on audit committees of directors? Journal of Accounting Research 43: 159-193.Desai, M. A., and D. Dharmapala. 2006. Corporate tax avoidance and high-powered incentives. Journal of Financial Economics 79: 145-179.____, and ____. 2008. Tax and corporate governance: An economic approach. In W. Schön (Ed.), Tax and Corporate Governance Berlin, Heidelberg: Springer 13-30.Dhaliwal, D., V. Naiker, and F. Navissi. 2010. The association between accruals quality and the characteristics of accounting experts and mix of expertise on audit committees. Contemporary Accounting Research 27: 787-827.Dischinger, M., and N. Riedel. 2011. Corporate taxes and the location of intangible assets within multinational firms. Journal of Public Economics 95: 691-707.Donohoe, M. P., G. A. McGill, and E. Outslay. 2014. Risky business: The prosopography of corporate tax planning National Tax Journal 67: 851-874.Dyreng, S. D., M. Hanlon, and E. L. Maydew. 2008. Long-run corporate tax avoidance. The Accounting Review 83: 61-82.____, ____, and ____. 2010. The effects of executives on corporate tax avoidance. The Accounting Review 85: 1163-1189.____, and B. P. Lindsey. 2009. Using financial accounting data to examine the effect of foreign operations located in tax havens and other countries on U.S. multinational firms` tax rates. Journal of Accounting Research 47: 1283-1316.Fama, E., and M. Jensen. 1983. Agency problems and residuals claims. Journal of Law and Economics 26: 327-349.Feller, A., and D. Schanz. 2017. The three hurdles of tax planning: How business context, aims of tax planning, and tax manager power affect tax expense. Contemporary Accounting Research 34: 494-524.Frank, M. M., J. L. Lynch, and S. O. Rego. 2009. Tax reporting aggressiveness and its relation to aggressive financial reporting. The Accounting Review 84: 467-496.Graham, J. R., M. Hanlon, T. Shevlin, and N. Shroff. 2014. Incentives for tax planning and avoidance: Evidence from the field. The Accounting Review 89: 991-1023.____, J. S. Raedy, and D. A. Shackelford. 2012. Research in accounting for income taxes. Journal of Accounting and Economics 53: 412-434.____, and A. L. Tucker. 2006. Tax shelters and corporate debt policy. Journal of Financial Economics 81: 563-594.Gupta, S., and K. Newberry. 1997. Determinants of the variability in corporate effective tax rates: Evidence from longitudinal data. Journal of Accounting and Public Policy 16: 1-34.Hanlon, M. 2005. The persistence and pricing of earnings, accruals, and cash flows when firms have book-tax differences. The Accounting Review 80: 137-166.____, and S. Heitzman. 2010. A review of tax research. Journal of Accounting and Economics 50: 127-178.____, and J. Slemrod. 2009. What does tax aggressiveness signal? Evidence from stock price reactions to news about tax shelter involvement. Journal of Public Economics 93: 126-141.Hsu, P. H., J. A. Moore, and D. O. Neubaum. 2014. Tax avoidance, financial experts on the board, and business strategy. Working paper. California State University, East Bay. Krishnan, G. V., and G. Visvanathan. 2011. Is there an association between earnings management and auditor-provided tax services? The Journal of American Taxation Association 33: 111-135.Krishnan, J., Y. Wen, and W. Zhao. 2011. Legal expertise on corporate audit committees and financial reporting quality. The Accounting Review 86: 2099-2130.Lietz, G. M. 2013. Tax avoidance vs. tax aggressiveness: A unifying conceptual framework. Working paper. University of Münster. Linck, J. S., J. M. Netter, and T. Yang. 2008. The determinants of board structure. Journal of Finance and Economics 87: 308-328.Lisowsky, P. 2010. Seeking shelter: Empirically modeling tax shelters using financial statement information. The Accounting Review 85: 1693-1720.Manzon, G., and G. Plesko. 2005. The relation between financial and tax reporting measures of income. Tax Law Review 55: 175-214.Maydew, E. L., and D. A. Shackelford. 2007. The changing role of auditors in corporate tax planning. In A. J. Auerbach, J. J. R. Hines, and J. Slemrod (Eds.), Taxing Corporate Income in the 21st Century Cambridge: Cambridge University Press: 307-337.McGuire, S. T., T. C. Omer, and D. Wang. 2012. Tax avoidance: Does tax-specific industry expertise make a difference? The Accounting Review 87: 975-1003.Mills, L. F., M. M. Erickson, and E. L. Maydew. 1998. Investments in tax planning. Journal of the American Taxation Association 20: 1-20.____, and K. J. Newberry. 2001. The influence of tax and nontax costs on book‐tax reporting differences: Public and private firms. The Journal of the American Taxation Association 23: 1-19.Oler, M., T. Shevlin, and R. Wilson. 2007. Examining investor expectations concerning tax savings on the repatriations of foreign earnings under the American Jobs Creation Act of 2004. Journal of the American Taxation Association 29: 25-55.Omer, T. C., J. C. Bedard, and D. Falsetta. 2006. Auditor-provided tax services: The effects of a changing regulatory environment. The Accounting Review 81: 1095-1117.Phillips, J., M. Pincus, and S. O. Rego. 2003. Earnings management: New evidence based on deferred tax expense. The Accounting Review 78: 491-521.Rego, S. O. 2003. Tax-avoidance activities of U.S. multinational corporations. Contemporary Accounting Research 20: 805-833.____, and R. Wilson. 2012. Equity risk incentives and corporate tax aggressiveness. Journal of Accounting Research 50: 775-810.Richardson, G., and R. Lanis. 2007. Determinants of the variability in corporate effective tax rates and tax reform: Evidence from Australia. Journal of Accounting and Public Policy 26: 689-704.Scholes, M. S., M. A. Wolfson, M. M. Erickson, E. L. Maydew, and T. J. Shevlin. 2015. Taxes and Business Strategy: A Planning Approach. New Jersey: Pearson Prentice Hall.Siegfried, J. 1974. Effective average U. S. corporation income tax rates. National Tax Journal 27: 245-259.Stickney, C., and V. McGee. 1982. Effective corporate tax rates: The effect of size, capital intensity, leverage, and other factors. Journal of Accounting and Public Policy 1: 125-152.Taylor, G., and G. Richardson. 2012. International corporate tax avoidance practices: Evidence from Australian firms. The International Journal of Accounting 47: 469-496.____, and ____. 2014. Incentives for corporate tax planning and reporting: Empirical evidence from Australia. Journal of Contemporary Accounting & Economics 10: 1-15.Waller, W. S., and W. L. Felix. 1989. Auditors` causal judgments: Effects of forward vs backward inference on information processing. Accounting, Organizations and Society 14: 179-200.Wilson, R. 2009. An examination of corporate tax shelter participants. The Accounting Review 84: 969-999.Zimmerman, J. 1983. Taxes and firm size. Journal of Accounting and Economics 5: 119-149. zh_TW
