Tax Burden Level,Property Rights And Accounting Conservatism

As one of the important characteristics of accounting information quality,accounting conservatism is one of the important guarantee for the steady development of enterprises.In the existing research literature on accounting conservatism,most scholars mainly study on its existence,measurement methods,influencing factors and economic consequences.But research on its tax burden level is rare,the study of how tax burden level affects its accounting conservatism is meaningful and significant.Therefore,this article plans from the perspective of tax burden,to study the relationship between tax burden level and enterprise accounting conservatism.On the measure of the tax burden,this paper firstly determines the main taxes of the real estate enterprises through macro analysis,and then calculates the tax burden of the specific taxes respectively.This paper selects the listed real estate companies from A-share listed companies in Shanghai and Shenzhen stock exchange as sample.Based on the Tax Contract Theory,we use of descriptive statistics,correlation analysis,linear regression,and robustness inspection empirical methods to study the relationship between tax burden level and accounting conservatism,and the effects of property rights between tax burden level and accounting conservatism relationships.The study found:(1)For listed real estate companies in China,there is a significant positive correlation between tax burden level and accounting conservatism;(2)The positive impact of the turnover tax on the accounting conservatism of the state-owned enterprises is stronger than that of the non-state-owned enterprises.(3)The nature of state property rights will weaken the positive impact of income tax burden on accounting conservatism.This article finally points out the limitations and deficiencies in the research process,and put forward the outlook for future research in this regard.