臺灣博碩士論文加值系統

本文主要為探究我國及中國大陸調整企業營所稅之有效稅率是否對於企業進駐我國及中國大陸投資產生影響；本研究之樣本分為五大產業及一個整體產業，並以不同方式衡量有效稅率，檢驗是否對不同產業投資造成影響。研究樣本期間為 2006 年至 2016 年，共計 11 年，以我國上市櫃公司及中國大陸上海及深圳證券交易所之上市公司為研究樣本，進行非平衡追蹤資料之實證研究。
實證模型結果為不同有效稅率衡量方式對不同產業之企業投資影響結果不相同。整體產業來看，有效稅率對於我國及中國大陸企業投資均不顯著，然而企業規模愈大，營收成長率愈低，愈能吸引企業投資。
影響企業投資因素眾多，根據本研究實證結果所示，企業規模為吸引外人直接投資主要因素，企業所得稅率高低並非為吸引外人直接投資主要考量。

This study examines the link between adjusted effective tax rate of the corporate income tax and company investment in Taiwan and China. The sample data is divided into five major industries and a whole industry, attempting to finded whether it affects the investment of different industries. The unbalance panel data based on the sample of stock markets in Taiwan and China listed from 2006 to 2016 as our empirical data.
The empirical results show that different ETRs measurement have different effects on the investment of enterprises in different industries. In terms of the whole industry, the effective tax rate is not significant for the investment of enterprises in Taiwan and China. However, the larger firm size, the lower growth rate of revenue, can attracts company investment.
There are many factors affect company investments. According to this study, firm size is the main factor for attracting foreign direct investment, and the level of corporate income tax is not a major consideration for attracting foreign direct investment.

第一章 緒論 1
第一節 研究背景及動機 1
第二節 研究目的 7
第二章 文獻探討 8
第一節 公司有效稅率對投資影響程度 8
第二節 有效稅率決定因素 11
第三章 研究方法 17
第一節 變數定義與衡量 17
第二節 資料來源與分析 21
第三節 研究設計 22
第四章 實證結果與分析 23
第五章 結論與建議 41
第一節 研究結論 41
第二節 研究限制 42
附錄 44
參考文獻 46

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