Research On The Influence Of Clan Culture On Corporate Tax Avoidance Behavio

Taxation is the most important source of revenue for the government;taxation is one of the most important costs for enterprises,and the contradiction between tax avoidance by enterprises and tax loss by the government has existed for a long time.At present,China’s economy has entered the "new normal",and the government’s fiscal revenue is under obvious pressure to grow.As a special informal system,clan culture influences Chinese people’s values and behavior in a subtle way,and occupies an extremely important position in traditional Chinese culture,which maintains belonging and identity based on ancestor worship,maintains order and stability based on family and clan rules,guides clansmen based on the pursuit of honorable ancestors,promotes charity and justice based on the concept of mutual help to support the poor and weak,and promotes the Chinese dream based on the inheritance of family and nationality.It is necessary to correct deviations in the modern civilized order and enhance national cohesion in the great rejuvenation.Therefore,it is necessary to analyze the influence of clan culture on corporate financial decisions by analyzing the connotation of clan culture,and then give full play to the favorable factors in clan culture,so as to bring into play the function of cultural guidance and restraint on corporate financial behavior.In view of this,this paper studies the influence of clan culture on corporate tax avoidance behavior in the business location from the perspective of informal system.This paper selects Shanghai and Shenzhen A-share listed companies from 2008 to 2020 as the research sample,and on the basis of systematically combing the related literature on clan culture and corporate tax avoidance,it tries to explain the influence of clan culture on corporate tax avoidance behavior and the transmission mechanism by applying social capital theory,informal institution theory,tax planning theory and principal-agent theory.In the empirical part: firstly,the influence of clan culture on corporate tax avoidance behavior is explored;secondly,the different effects of clan culture on corporate tax avoidance in different environments are investigated through the heterogeneity analysis of tax administration intensity and industry competition degree;secondly,the independent variable test,dependent variable test,cross-listed sample removal test,one-period lag test and instrumental variable test are conducted to guarantee the robustness of the empirical results.Finally,we examine whether clan culture has an impact on corporate tax avoidance behavior through three transmission mechanisms: corporate social responsibility,financing constraints,and transparency,and conduct heterogeneity analysis on the nature of property rights,media attention,and marketability.The empirical results show that the stronger the influence of clan culture in a company’s location,the lower the level of corporate tax avoidance,i.e.,clan culture has a suppressive effect on corporate tax avoidance,and this suppressive effect is more obvious in areas with low tax administration intensity and intense industry competition.The path of action test shows that clan culture inhibits corporate tax avoidance mainly through three ways: increasing corporate social responsibility,alleviating financing constraints and improving corporate information transparency.The heterogeneity study shows that the inhibitory effect of clan culture on corporate tax avoidance is more likely to be found in state-owned enterprises,regions with higher media attention and lower marketization.This paper introduces clan culture into the empirical study of corporate tax avoidance behavior,which enriches the study of the influencing factors of corporate tax avoidance behavior from the perspective of clan culture;at the same time,it broadens the research framework of relationship network and provides new ideas for the interdisciplinary research in the field of culture and corporate finance;in addition,it proves that the informal system can have a complementary relationship with the formal system,and there can also be a certain mutual substitution relationship,which is important for understanding In addition,it is demonstrated that informal systems can have complementary relationships with formal systems and also some mutual substitution relationships,which has some reference value for understanding the connection and difference between informal systems and formal systems.