Study On The Degree Of Tax Shelter Of China’s Family Firms

Prior researches about cooperate tax shelter have just arisen. In our country, thereare little study on quantitative analysis about the scale and the influnce factors of taxshelter, especially in family firms. Therefore, this thesis focuses on this problem, andexplores the difference of tax shelter in different kinds of firm characters. Meanwhile,this thesis uses the variables presented ownership, controllers, and management ofcorperates as the exlanatory variables, and study on the influence of corperate charactersand management methods on tax shelter.This thesis firstly studies on the related theory of tax shelter, and analyzes the reasonof tax shelter and the influence factors. Secondly, reference to foreign theory model andthe real situation of the listed companies in china, this thesis sets up three variables tomeasure tax shelter, explanatory variables of the companies’ ownership and controlvariables to measure the corporate management to construct the multivariate linearregression model. Then, descriptive statistics has been done for each index variable,explanatory variable and control variables of the family and non-family firms. In theempirical study part, the thesis tests all the variables by the mean inspection methodaccording to the study at home and abroad related index, to explore the differencebetween family firms and non-family firms in the tax shelter scale and the cooperatemanagement. Finally, according to the previous model, the SPSS software is applied formultiple linear regressions with the listed companies’ related data in a period during2005.1.1-2010.12.31, and the thesis draws the conclusions as follows:(1) Under certain conditions, the family listed firms’ tax shelter scale is larger thannon-family listed firms.(2) Under certain conditions, in family listed company, family members have moreownership and control, the tax shelter degree is more serious.(3) In the family listed company, family members’ control and the tax shelter scaleis significantly positive correlation, meaning that if family members control of thecompany actually, the tax shelter degree is more serious.