Corporate Credit Risk under Tax Reform

被引：0

作者：

Xu Zhao-hui ^{[1
]}

Zhou Zong-fang ^{[1
]}

机构：

[1] UESTC, Sch Econ & Management, Chengdu 610054, Peoples R China

来源：

PROCEEDINGS OF THE THIRD SYMPOSIUM OF RISK ANALYSIS AND RISK MANAGEMENT IN WESTERN CHINA | 2013年 / 40卷

关键词：

Tax reform; Corporate effective tax rate; Corporate credit risk;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Based on the Income-Tax Reform in 2008 and the VAT Reform in 2009, in the series of tax reform process this paper investigates how to change the corporate credit risk in China. Our empirical evidences show that the relation between tax reform and the corporate credit risk is significantly positive; a train of tax reform measures directly reduce the actual tax burden of companies, resulting in reduction of credit risk. Therefore, the tax reform in China overall enhances the companies ability to resist risks. Our research helps to understand the significance of the current tax reform and also give important theoretical basis and empirical evidences.

引用

页码：22 / 28

页数：7