文澜金融论坛（第333期）

摘要：

This study examines the relationship between firm-level employee educational levels and firm tax planning. We conjecture that firms with higher employee educational levels have better internal information quality, which in turn can facilitate tax planning.Using firm-level disclosure of employee educational levels in Chinese listed firms, we find that firms with higher average employee educational levels are associated with higher book-tax differences and lower effective tax rates. Our results suggest that firms pay less taxes when their employees have a higher level of education. This relation is stronger for firms with more motivated employees, firms operating in more complex business environments, firms with better corporate governance, and firms with more capable managers. Our results are robust to specifications using an instrumental variable or using staggered difference-in-differences while exploiting shocks to the local availability of educated employees. 

主讲人介绍：

金一戈博士现任厦门大学财务管理与会计研究院助理教授，香港中文大学Research fellow，香港城市大学会计学博士毕业。研究领域涵盖公司治理、审计质量、ESG披露等。已在Economic Modelling、Journal of Accounting Literature等知名学术期刊发表论文，并在American Accounting Association Annual Meeting等国际学术会议上报告研究成果。