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研究生:廖嘉怡
論文名稱:企業現金持有與租稅成本之關連: 以海外營收為例
論文名稱(外文):Association between Corporate Cash Holdings and Tax Costs: Evidence from Overseas Sales
指導教授:潘健民潘健民引用關係
口試委員:廖芝嫻
口試日期:2019-06-11
學位類別:碩士
校院名稱:國立政治大學
系所名稱:會計學系
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2019
畢業學年度:107
語文別:中文
論文頁數:49
中文關鍵詞:海外營收現金持有
外文關鍵詞:Overseas salesCash holdings
相關次數:
  • 被引用被引用:0
  • 點閱點閱:140
  • 評分評分:
  • 下載下載:31
  • 收藏至我的研究室書目清單書目收藏:0
日本對於日本企業之所得係針對全球所得課稅,且其法人所得稅率在OECD國家中亦是名列前茅,課徵時點係海外盈餘匯回本國時,讓日本跨國企業為降低租稅成本,有誘因將盈餘保留在境外,進而持有較多現金。本研究主要探討日本企業之超額現金的多寡是否會受到租稅成本影響。本研究檢驗海外營收的多寡與企業超額現金持有的關係。結果發現,當日本企業海外營收規模越大時,其持有的超額現金越多。
The government of Japan taxes firms’ worldwide income. Income tax rate to the Japanese firms is top compared to its counterparts other OECD countries. Thus, Japanese firms have incentive to retain their revenue overseas instead of repatriating to Japan. With this tax system, Japanese firms would have incentive to hold more cash in other countries. This study aims to investigate whether tax costs of firms influences their cash holding decisions. Using Japanese firm level data, I examine the association between overseas sales and firms’ cash holding. The empirical results show that if firms have more overseas sales, they hold more excess cash. However, I find no association between excess cash holdings and existence of overseas sales.
壹、緒論 1
第一節 研究動機和目的 1
第二節 研究架構 5
貳、文獻探討 6
第一節 現金持有 6
第二節 海外營收 11
第三節 結論與假說 15
參、研究方法 16
第一節 資料來源與樣本之選取 16
第二節 變數定義與衡量 19
肆、實證結果與分析 28
第一節 敘述性統計 28
第二節 樣本相關 34
第三節 現金持有與海外營收的實證結果 39
伍、結論 45
參考文獻 46
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