Please use this identifier to cite or link to this item: https://ah.nccu.edu.tw/handle/140.119/76470


Title: 三大機構法人持股週轉率與公司避稅的關聯性─以台灣上市櫃公司為例
Institutional Shareholders' Turnover Rate and Tax Avoidance
Authors: 蘇煒琁
Contributors: 何怡澄
Ho, Yi Cheng
蘇煒琁
Keywords: 租稅規避
機構法人
持股週轉率
tax avoidance
institutional shareholder
turnover rate
Date: 2015
Issue Date: 2015-07-13 11:16:57 (UTC+8)
Abstract: 傳統觀點認為透過租稅規避以節省稅負的行為,可以增加企業價值 (Graham and Tucker, 2006及Frank, Lynch, and Rego, 2009),有利於股東,可獲得機構法人的支持;然而,避稅行為所伴隨的潛在風險與成本,不利公司之長期利益,促使機構法人抑制公司之避稅行為。本文探討三大機構法人持股期間之長短對公司避稅活動的影響。以台灣上市櫃公司2001至2013年期間之追蹤資料 (panel data),採用二元固定效果模型(two-way fixed effect model),分析三大機構法人持股週轉率與企業參與租稅規避程度之關係。實證結果顯示三大機構法人愈傾向短線操作,其持股週轉率愈高,對公司之監督努力較低,公司治理程度較低,公司避稅活動較為活躍;反之,三大機構法人傾向長期持股,其持股週轉率愈低,機構法人著重公司之長期利益,對公司之監督努力程度高,使公司治理趨於良好,進而限制公司之避稅活動。
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Description: 碩士
國立政治大學
財政研究所
101255005
103
Source URI: http://thesis.lib.nccu.edu.tw/record/#G0101255005
Data Type: thesis
Appears in Collections:[財政學系] 學位論文

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