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題名 公司治理特性、經營策略對企業租稅規避程度之影響
To what extent is a Taiwanese firm`s tax avoidance affected by its corporate governance characteristics and business strategy?作者 余安婷 貢獻者 許崇源
余安婷關鍵詞 企業經營策略
租稅規避
公司治理特性
business strategy
tax avoidance
corporate governance日期 2011 上傳時間 30-Oct-2012 13:58:29 (UTC+8) 摘要 極端之租稅規避活動可能導致較高之受查、受罰與聲譽風險。又由一企業之經營策略，可觀察該企業決定如何於選定市場中競爭，且部分上展現了該企業承擔風險與不確定性之意願。因此企業願意承受之風險越高，可能亦較願意從事較激進之租稅規避活動。亦即研究一企業之策略決策，就某種程度而言應可反映企業之租稅規避程度。此外，企業之治理單位，例如：董事會，於企業策略選擇扮演重要角色，因此，分析組織之公司治理特性亦應有助於解釋其租稅規避程度之高低。針對2001至2011年台灣上市櫃公司實證結果，本研究得到以下結論：(1) 相對於採攻擊者策略之企業，採防禦者策略之企業之有效稅率偏高，表示其從事較低程度之租稅規避活動。(2) 組織之帳面有效稅率顯著受到董監席次控制比例、董監持股比率及經理人持股等三項本研究所採董事會特性為主之公司治理變數所影響。
A firm’s choice of business-level strategy are likely to determine the level of tax avoidance because the firm strategies are, in part, based on a firm’s willingness to deal with risk and uncertainty. In addition, a firm’s board of directors is influential toward a firm’s major business strategies. Since a firm’s strategies are based on its intent to deal with risks, the choice made by the firm may be able to represent its governance unit’s willingness to bear risks. Therefore, this paper examines to what extent a Taiwanese firm’s business-level strategy and corporate governance characteristics affect its level of tax avoidance.This paper finds that defender firms tend to engage in less tax avoidance than prospector firms, as demonstrated by higher book effective tax rates. This paper also finds that firms with higher voting power hold by the ultimate controlling owner within the board of directors and supervisors tend to have higher book effective tax rates, which suggests lower level of tax avoidance activities. 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國立政治大學
會計研究所
99353020
100資料來源 http://thesis.lib.nccu.edu.tw/record/#G0099353020 資料類型 thesis dc.contributor.advisor 許崇源 zh_TW dc.contributor.author (Authors) 余安婷 zh_TW dc.creator (作者) 余安婷 zh_TW dc.date (日期) 2011 en_US dc.date.accessioned 30-Oct-2012 13:58:29 (UTC+8) - dc.date.available 30-Oct-2012 13:58:29 (UTC+8) - dc.date.issued (上傳時間) 30-Oct-2012 13:58:29 (UTC+8) - dc.identifier (Other Identifiers) G0099353020 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/54841 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 會計研究所 zh_TW dc.description (描述) 99353020 zh_TW dc.description (描述) 100 zh_TW dc.description.abstract (摘要) 極端之租稅規避活動可能導致較高之受查、受罰與聲譽風險。又由一企業之經營策略，可觀察該企業決定如何於選定市場中競爭，且部分上展現了該企業承擔風險與不確定性之意願。因此企業願意承受之風險越高，可能亦較願意從事較激進之租稅規避活動。亦即研究一企業之策略決策，就某種程度而言應可反映企業之租稅規避程度。此外，企業之治理單位，例如：董事會，於企業策略選擇扮演重要角色，因此，分析組織之公司治理特性亦應有助於解釋其租稅規避程度之高低。針對2001至2011年台灣上市櫃公司實證結果，本研究得到以下結論：(1) 相對於採攻擊者策略之企業，採防禦者策略之企業之有效稅率偏高，表示其從事較低程度之租稅規避活動。(2) 組織之帳面有效稅率顯著受到董監席次控制比例、董監持股比率及經理人持股等三項本研究所採董事會特性為主之公司治理變數所影響。 zh_TW dc.description.abstract (摘要) A firm’s choice of business-level strategy are likely to determine the level of tax avoidance because the firm strategies are, in part, based on a firm’s willingness to deal with risk and uncertainty. In addition, a firm’s board of directors is influential toward a firm’s major business strategies. Since a firm’s strategies are based on its intent to deal with risks, the choice made by the firm may be able to represent its governance unit’s willingness to bear risks. Therefore, this paper examines to what extent a Taiwanese firm’s business-level strategy and corporate governance characteristics affect its level of tax avoidance.This paper finds that defender firms tend to engage in less tax avoidance than prospector firms, as demonstrated by higher book effective tax rates. This paper also finds that firms with higher voting power hold by the ultimate controlling owner within the board of directors and supervisors tend to have higher book effective tax rates, which suggests lower level of tax avoidance activities. On the contrast, those firms with directors, supervisors, and managers holding more share interests tend to have a lower book effective tax rate, which indicates the firm engages in more tax avoidance activities. en_US dc.description.tableofcontents 第一章 緒論 1第一節 研究動機與問題 1第二節 研究流程架構 4第二章 文獻回顧 5第一節 租稅規避影響因子 5第二節 企業經營策略 9第三節 公司治理特性 14第四節 公司治理特性、企業經營策略與租稅規避之整合 22第三章 研究方法 24第一節 研究假說 24第二節 變數衡量與實證模型 26第三節 資料來源與蒐集 34第四章 實證結果與分析 35第一節 敘述統計 35第二節 相關分析 39第三節 迴歸分析 42第四節 敏感性分析 44第五章 結論與建議 49第一節 研究結論 49第二節 研究限制與建議 50第六章 參考文獻 52第一節 中文部分 52第二節 外文部分 54 zh_TW dc.language.iso en_US - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0099353020 en_US dc.subject (關鍵詞) 企業經營策略 zh_TW dc.subject (關鍵詞) 租稅規避 zh_TW dc.subject (關鍵詞) 公司治理特性 zh_TW dc.subject (關鍵詞) business strategy en_US dc.subject (關鍵詞) tax avoidance en_US dc.subject (關鍵詞) corporate governance en_US dc.title (題名) 公司治理特性、經營策略對企業租稅規避程度之影響 zh_TW dc.title (題名) To what extent is a Taiwanese firm`s tax avoidance affected by its corporate governance characteristics and business strategy? en_US dc.type (資料類型) thesis en dc.relation.reference (參考文獻) 中文部分吳思華，1996，策略九說，台北：遠流出版社。吳昆皇，1995，上市公司董事會組成與特性對企業經營績效之關聯性研究，國立台灣大學會計學研究所碩士論文。侍台誠，1993，董事會特性中家族因素與經營績效之實證研究─兼論法人董事的影響，國立台灣大學會計學研究所碩士論文。林世銘、楊朝旭，1994，上市公司營利事業所得稅負擔之研究，財稅研究，第26卷，第 6 期：34-52。林淑芬，1994，董監事持股比例、多角化經營策略型態與財務績效關係之研究─上市公司實證分析，淡江大學管理科學研究所碩士論文。洪士庭，2007，公司治理特性、經營策略與績效關係之研究，國立政治大學會計學系碩士論文。周本鄂，1993，台灣地區上市公司董監事、關係人持股比例和公司Tobin’s Q關係之實證研究，中原大學企業管理學研究所碩士論文。周添城、徐偉初、宋秀玲、李新仁，1989，部門、產業間之賦稅分配研究，財政部賦稅改革委員會。孫秀蘭，1996，董事會制度與經營績效之研究，國立台灣大學財務金融研究所碩士論文。翁銘鴻，1998，我國上市公司董事會特徵與經營績效之關聯性研究，國立政治大學會計學研究所碩士論文。張明峰，1991，股權結構對公司績效影響之研究，國立政治大學企業管理研究所碩士論文。許智超，2004，公司治理與經營績效、企業價值之關聯性研究，國立台北大學企業管理研究所碩士論文。陳宏姿，2001，董監事結構與企業財務績效關聯之研究，國立政治大學會計研究所碩士論文。陳明進，2002，營利事業有效稅率決定因素之實證研究，管理評論，第 34 期：57-75。陳明進、林世銘、張天勳，2002，證券及土地交易所得免稅對我國公司有效稅率之影響，Taiwan Accounting Review 2 (1)。 陳明進，2003，我國租稅優惠對營利事業租稅負擔之影的影響，管理評論，第22卷，第1期。陳麗娟，2004，董事會組成、股權結構、關係人交易與企業績效關係之研究─以紡織業及電子業為實證，國立成功大學高階管理碩士在職專班碩士論文。葉銀華、李存修與柯承恩，2002，公司治理與評等系統，商智文化。黃素華，2008，最低稅負制對營利事業有效稅率的影響，國立成功大學會計學系碩士論文。黃裕洲，2005，公司治理、競爭策略、環境與公司績效關連性之研究：台灣半導體產業之實證，國立成功大學高階管理碩士在職專班碩士論文。黃鈺光，1993，我國上市公司董事會特性與經營績效之研究，國立台灣大學會計學研究所碩士論文。曾智揚，2002，董事會特性、經營策略與經營績效關係之研究－以台灣上市電子公司為例，國立台灣大學會計學系碩士論文。賴英照，2006，股市遊戲規則－最新證券交易法解析，作者自版。 外文部分Agrawal, A., and G. 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