基地研究员黄勇副教授的论文“Tax-related human capital: Evidence from financial reporting aggressiveness of boards with tax officer directors in China”在重要学术期刊China Journal of Accounting Research发表。

摘要：We investigate the impact of tax-related human capital (THC) on corporate financial reporting aggressiveness. Using the presence of former or current tax officers from tax authorities on a firm’s board of directors as a proxy for THC, we find that firms with tax officer directors report their earnings more aggressively than those without such directors. This relationship remains robust across alternative measures of aggressiveness, model specifications and various methods of addressing endogeneity concerns. Moreover, the level of aggressiveness is more pronounced when tax officer directors have previously served in local tax authorities, have experience in offices overseeing the firm’s income tax affairs or have held a senior position in tax authorities, particularly when firms are subject to lenient tax enforcement policies or higher statutory tax rates. These findings support that tax officer directors contribute to firms’ aggressive reporting practices through THC. Additional analyses suggest that firms with tax officer directors exhibit lower effective tax rates and a weaker association between effective tax rates and operating cash flows. Our findings collectively demonstrate that firms with tax officer directors possess significant THC and employ aggressive strategies in both financial and tax reporting practices.

关键词：Financial reporting aggressiveness; Tax reporting aggressiveness; Earnings management; Directors with government experience; Tax officer directors

论文链接：https://doi.org/10.1016/j.cjar.2024.100404

教师简介

黄勇，中南财经政法大学会计学院财务管理系副教授，日本九州大学经济学博士。主要研究方向为实证公司金融与行为公司金融。论文发表于Journal of Corporate Finance、International Review of Economics and Finance、International Review of Financial Analysis和Pacific-Basin Finance Journal等期刊。担任International Review of Economics and Finance、International Review of Financial Analysis、Pacific-Basin Finance Journal和Finance Research Letters等期刊匿名审稿专家，主持国家自然科学基金等课题。