Research On The Relationship Between Management Equity Incentives And Tax Avoidance In Private Listed Enterprises

As an important incentive method in the modern enterprise management system,management equity incentives of management are designed to deal with conflicts of interest between owners and managers of companies in the event of separation of ownership and management rights.Through the existing research,it is found that due to the problem of principal-agent between the enterprise owner and the actual manager,the goals between the two are not uniform,and the resulting conflict of interest will affect the tax avoidance of the company.Tax avoidance has gradually become familiar to modern enterprise managers.In order for an enterprise's owner to obtain more profit after tax,it will inevitably use some incentive measures to encourage enterprise managers to actively implement tax avoidance.As the most important incentive method in modern enterprise management,equity incentive can strengthen the tax avoidance motivation of corporate management and become a problem that many scholars pay attention to.Based on the above research background,this paper first explored the relationship between corporate management incentives and corporate tax avoidance in the form of questions raised,followed by management stock incentives,corporate tax avoidance,management stock incentives and corporate tax avoidance for domestic and foreign documents After combing,it is concluded that there is a certain link between the implementation of equity incentives by the company's management and the corporate tax avoidance.Then based on this,using empirical analysis to establish an econometric model,taking into account that compared to state-owned enterprises,the management of private enterprises becomes more intense after the incentives for equity incentives,and the final selected part is listed on the A-shares of Shenzhen and Shanghai cities.As a sample of private enterprises,a regression analysis model was established using its financial panel data for 2014-2016.At the same time,taking into account the institutional factors and the company's earnings management will affect the empirical data when measuring the degree of corporate tax avoidance,it is removed through the model.Finally,after empirical research,this paper finds that there is a significant positive correlation between the implementation of equity incentives and the corporate tax avoidance of private enterprise management,that is,with the higher degree of implementation of equity incentives for the management of private enterprises,corporate management to avoid the tax The more behavior there will be,the higher the company's tax avoidance.