Managerial Overconfidence,InternalControls and Corporate Effective Tax Rate
In this paper,we make use of the panel data of 2010-2015 Chinese listed companies from Shanghai and Shenzhen A-share markets to explore the impact of managerial overconfidence on the corporate effective tax rate.We identify that overconfident managers are inclined to pursue more authoritativeness and controlling force,so they need to establish the very correct perception through signal expression in accounting behavior—conducting more earnings management activities to display the performance in advance,which makes the effective tax rate increased.Further analyzation shows that a good internal control environment could inhibit the overconfident behavior and assess the group contributions more faithfully,so that the costs of signal expression increased and the effective tax rate finally decreased.All these results suggest that internal control can exert positive influence on managers behaviors and enhance the corporate value.
Managerial Overconfidence Internal Controls Corporate Effective Tax Rate
ZHANG Shu-Hui CHEN Ke-Ying WANG Rui-Wen
International Business School of Shaanxi Normal University,Xian,China
国际会议
台中
英文
1-8
2018-06-30（万方平台首次上网日期，不代表论文的发表时间）