演讲题目： Profit-Tax Relationship, Business Group Affiliation, and External Monitoring in China

演讲者：林振聘教授（PhD,CPA）

时间：2019年12月13日（周五））上午 10：00-11：30

演讲地点：嘉庚二203

主持人：沈哲教授

参加者：对会计、财务研究有兴趣的师生

摘要：

This study examines whether business group affiliation weakens the sensitivity of income taxexpense to pretax income, while external monitoring mechanisms mitigate the effect of groupaffiliation. We find that this sensitivity is weaker for Chinese listed firms affiliated with a top500 business group than for unaffiliated firms. Economically, our coefficient estimate impliesthat group affiliation weakens tax sensitivity to income by 5.2% in relative terms. However,we find that tax sensitivity improved in the post-2008 period and with the presence of strongmonitoring mechanisms by means of tax enforcement, analyst scrutiny, and long-terminstitutional shareholding. To the extent that unexplained variation in current tax expense at agiven income level is indicative of aggressive tax behavior, our results suggest that effectiveexternal monitoring can mitigate this behavior in group-affiliated firms.

个人简介：Kenny Z. Lin 林振聘 (PhD, CPA) Member, Certified Public Accountants of Canada (Qualified through examinations).PhD (Accounting), Glasgow Caledonian University (U.K.).

MSc (Finance), Strathclyde University (U.K.).

BBA (Accounting), Jiangxi University of Finance and Economics (China).