中國大陸新制所得稅會計變革與企業評價、盈餘管理之關聯性

The Relationship between the Reform of Income Tax Expenses Recognition and Value-Relevance, Earnings Management of Listed Companies in China

張敏蕾(Ming-Lei Chang)

《遠景基金會季刊》 9卷2期 (2008/04) Pp. 87-131

https://doi.org/10.7063/PQ.200804.0087

摘要

本文主要目的在驗證中國大陸新制會計準則中，所得稅會計規定的調整，對會計資訊價值攸關性的影響，並建立其與盈餘管理行為的關聯性，以討論及預測中國大陸此次所得稅會計改革對企業評價與盈餘管理行為的影響。研究以2001-2005年於中國大陸深圳與上海的上市公司為樣本，首先以採取納稅影響會計法的企業為主，建立遞延稅項與股票評價的關聯性；並進一步就採取應付稅款法的企業，估計其暫時性差異金額，藉以分析其價值攸關性。實證結果支持遞延稅項及估計的暫時性差異具有價值攸關性。至於在遞延稅項與盈餘管理的部分，研究結果發現，在控制有關的影響後，不論是採應付稅款法或納稅影響會計法的企業，盈餘平穩化的壓力或裁量性應計項目的幅度，均與實際或估計的遞延稅款貸項變動淨額具顯著關係。

關鍵字

所得稅會計 ； 價值攸關性 ； 盈餘管理 ； 盈餘平穩化 ； 暫時性差異

並列摘要

The purpose of this research is to analyze the value relevance of deferred tax asset and liability, and to construct the association of deferred income tax, earnings management, so as to predict the valuation impact of the new regulation rules for the income tax expenses. The sample of this research consists of firms listed in the Shanghai and Shenzhen Exchange Market from 2001 to 2005. First of all is to establish the association between deferred tax and stock price for the firms using tax effect method. Then, with the firms adopting tax payable method, we estimate the temporary differences, and build the association between those estimated temporary differences and stock price. The empirical results show that both deferred tax and estimated temporary differences have value relevance. For the part of net deferred tax liability and earnings management, the empirical results show that after controlling some variables whether using tax payable or tax effect method both have significant associations with income smoothing and discretionary accruals.

並列關鍵字

Income Tax Accounting ； Value-Relevance ； Earnings Management ； Income Smoothing ； Temporary Difference

參考文獻

吳天明(2005)。涉外稅務。北京:

李勇、左連凱、劉亭立(2005)。會計研究。北京:

邱澄、李勇(2005)。中央財經大學學報。北京:

夏立軍(2003)。盈餘管理計量模型在中國股票市場的應用研究。香港。9，76-80。

張敏蕾(2006)。財務報表資訊揭露程度與資訊不對稱－中國大陸深圳上市公司剖析。遠景基金會季刊。7(2)，179-216。