The Impact of Government Tax Administration Informatization on Corporate Classification Shifting Between Recurring and Nonrecurring Items
In the era of digital economy,the government's supervision and administration through digitization and informatization technology can have a significant impact on corporate behavior at the micro level.In this paper,we measure the degree of informatization of government tax administration through the gradual launch of the Golden Tax Project Ⅲ system in various provinces,and find that the new system prompts enterprises to enhance their core performance through classification shifting,which is manifested by the positive correlation between the abnormal earnings after excluding extraordinary items and non-operating expenditures significantly increases after the launch of the new tax system.The mechanism tests show that the effect of tax admin-istration informatization on classification shifting is mainly concentrated in enterprises with aggressive tax avoidance,indicating that tax administration in-formatization influences classification shifting by combating tax avoidance and increasing tax audit risk.The results of cross-sectional analysis show that when enterprises are located in provinces with stronger tax enforcement,with stronger manipulation motives,or lower auditing quality,tax administration informatization exacerbates classification shifting more prominently.The research provides empirical evidence for a comprehensive exploration of the eco-nomic consequences of tax administration informatization and corporate earnings manipulation behavior,which is helpful for government departments and the capital market to understand and monitor corporate earnings management behavior.
万方数据
维普
