企业避税对创新绩效的影响研究——基于货币政策视角

Research on the Impact of Corporate Tax Avoidance on Innovation Performance—Based on the Perspective of Monetary Policy

摘要: 本文选取2008~2020年A股上市公司数据，以货币政策为切入点，分析企业避税对创新绩效的影响关系，探究在不同的货币政策条件下，企业避税行为对创新绩效的影响效应是否存在差异。研究结果表明，企业的避税行为能够显著提升创新绩效，且相比于货币政策宽松时期，在货币政策紧缩时期采取的避税行为对于企业创新绩效的促进作用更加显著。本文通过对上市公司避税程度与创新绩效影响关系的深入分析，从货币政策视角为企业避税行为的经济后果提供了补充性经验证据，同时也为企业制定避税决策提供了新的思路与理论依据。

Abstract: This paper selects the data of A-share listed companies from 2008 to 2020, takes monetary policy as the starting point, analyzes the impact of corporate tax avoidance on innovation performance, and explores whether there are differences in the impact of corporate tax avoidance on innovation performance under different monetary policy conditions. The research results show that the tax avoidance behavior of enterprises can significantly improve innovation performance, and compared with the period of loose monetary policy, the tax avoidance behavior adopted in the period of mon-etary policy tightening has a more significant role in promoting the innovation performance of en-terprises. Through the in-depth analysis of the relationship between the degree of tax avoidance and innovation performance of listed companies, this paper provides supplementary empirical ev-idence for the economic consequences of corporate tax avoidance from the perspective of monetary policy, and also provides new ideas and theoretical basis for companies to make tax avoidance deci-sions.