دانلود رایگان مقاله انگلیسی تأثیر مسئولیت اجتماعی شرکتی بر اجتناب از پرداخت مالیات شرکت ها - اشپرینگر 2018

Abstract

The literature provides various theories relating to the relationship between corporate social responsibility (CSR) and tax avoidance. If frms view both CSR activities and tax payments as paths toward contributing to society, CSR and tax avoidance activities exhibit a negative relationship. Conversely, the two activities exhibit a positive relationship if frms engage in CSR for the purpose of risk management. This study examines the efect of CSR on corporate tax avoidance using a matching approach. Three matching algorithms, namely nearest neighbor, radius, and kernel algorithms, are used to match the two groups of frms (CSR and non-CSR frms) in order to correct for sample selection bias. This study adopts Chinese listed frms during 2009–2016 as a research sample. Most empirical results show that CSR frms have higher book-tax diferences and lower efective tax rates. This indicates that CSR frms are more aggressive in their tax avoidance. These fndings imply that frms engage in CSR activities as a risk management strategy.

7 Conclusion

Among the various CSR topics, numerous studies have focused on investigating the efect of CSR on tax avoidance. Studies have argued that frms engaging in CSR due to a corporate culture based on moral perspectives tend to have a low level of tax avoidance. By contrast, frms implementing CSR as a risk management strategy tend to have a high level of tax avoidance. However, if corporate managers regard CSR and tax avoidance as two independent strategies, no relationship exists between them. This study employs matching methods to adjust for the characteristic variables of the CSR and non-CSR frms to approximate each other, thereby evaluating the relationship between CSR and tax avoidance. This study uses the Chinese A-share listed frms as research samples, and those reported in the CSR Blue Book are defned as CSR frms. The research period is from 2009 to 2016. Nearest neighbor, radius, and kernel matching methods are adopted to control for the characteristics of the two groups of frms, and three measures of the book-tax diference are used as the proxy variables for tax avoidance. The empirical results show that the average treatment efect on the treated is positive or nonsignifcant. The regression analysis results indicate that the efect of CSR activities on tax avoidance is positive. Collectively, although the empirical results of diferent econometric models are not completely the same, most results suggest that CSR frms exhibit a higher level of tax avoidance than non-CSR frms. The robustness check also shows that the long-term efective tax rate of the CSR frms is lower than that of the non-CSR frms. This means that adopting another dependent variable does not qualitatively change the results.