Record Details

Income Tax Reform, Ownership Structure, and Corporate Finance Behaviour

Journal of Chinese Tax and Policy

View Archive Info
 
 
Field Value
 
Title Income Tax Reform, Ownership Structure, and Corporate Finance Behaviour
 
Creator QIN, ZHIGANG
JIAO, CUI
 
Description The paper studies the impact of the enterprise income tax reform onfinancing behaviour by sampling the listed companies with difference-indifferencesmodel and multiple regression analysis method. Further analysis ismade on the different characteristics of ownership structure influence of incometax rate upon financing structure. The study demonstrates that the reform greatlyinfluences the financing structure. After the reform, the enterprise whose tax rate isincreased tends to raise the debt scale. On the contrary, the enterprise whose taxrate is decreased tends to reduce the debt scale. Ownership concentration andcorporate debt levels is negatively correlated. The more concentrated the equity,the less obvious the influence of tax rate change upon enterprise fixed assetsliabilities ratio.¡î
 
Publisher Journal of Chinese Tax and Policy
 
Contributor —
 
Date 2018-05-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Identifier https://openjournals.library.sydney.edu.au/index.php/JCTP/article/view/12729
 
Source Journal of Chinese Tax and Policy; Vol 3, No 2 (2013): Chinese Tax and Policy 5
1839-065X
2205-2550
 
Language EN
 
Rights Copyright (c) 2018 ZHIGANG QIN, CUI JIAO