Can the Digital Transition Restrain Corporate Tax Avoidance?——Empirical Evidence from Listed Companies
In the era of big data,digital transformation has a significant impact on corporate tax avoidance behavior.Based on the data of Chinese listed companies from 2010 to 2020,we empirically examine the impact mechanism of digital transformation on corporate tax avoidance and its economic consequences,and find that digital transformation can significantly reduce corporate tax avoidance activities,and the results remain significant after a series of robustness tests.Digital transformation inhibits corporate tax avoidance activities by increasing corporate cash holdings,alleviating financing constraints,and improving the quality of internal controls.The inhibitory effect of digital transformation on corporate tax avoidance activities is more significant in the sample of high industry competition and high-tech firms.Further study finds that digital transformation can increase firm value by reducing corporate tax avoidance activities.The findings provide important empirical support for a comprehensive understanding of the relationship be-tween digital transformation and corporate tax.
digital transformationtax avoidance activitiesfinancing constraintsinternal controlscash holdings
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万方数据
