Research on the impact of digital taxation and administration on the inefficient investment in enterprises
This study takes A-share listed companies from 2010 to 2022 as the research sample and uses the pilot rollout of the Third Phase of the Golden Tax Project as a quasi-natural experiment.A multi-period difference-in-differences model is applied to explore the impact of digital taxation and administration on enterprise investment efficiency.The results show that the implementation of the Third Phase of the Golden Tax Project significantly inhibited inefficient investment in enterprises,demonstrating a governance effect.Further analysis reveals that the inhibitory effect is more pronounced in non-state-owned enterprises and those with serious entrusted agency problems,highlighting heterogeneity across enterprises.In the context of the ongoing strengthening of digital supervision,the study suggests that local governments and tax authorities should improve tax inspection methods and actively promote the implementation of the Fourth Phase of the Golden Tax Project.Enterprises,in turn,should enhance information transparency and optimize internal tax management practices.
the Third Phase of the Golden Tax Projectinefficient investmentdigital taxation and administrationmulti-period difference-in-differences model
万方数据
