ESG评级与企业避税

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中图分类号：F830 文献标志码：A 文章编号：1007-8576（2025）02-0071-10

DOI：10.16716/j.cnki.65-1030/f.2025.02.007

ESG Rating and Corporate Tax Avoidance

WU Chengsong，RUI Liangping （AnhuiUniversity，Hefei2306O1，China）

Abstract： Withthedeepening advancementof carbon peaking andcarbon neutrality goals，ESGRating has graduallybecome animportantcriterionfor measuring thesustainabledevelopmentabilityofenterprises.If enterprisescanimprovetheir ESG performance，notonlycan they enhancetheirsocial image and brand value，but theyare also expected toachieve long-term sustainabledevelopmentand high-qualityeconomicandsocialdevelopmentbyoptimizing taxstrategies.TakingSynTaoGreen Finance's firstanouncementofcorporate ESG Rating asanexogenous shock event，asedondata from A-share listed companiesfrom2010to2022，amulti timedifferenceindiffrencesmodelwasconstructedtoempiricallyexplore theimpactof ESG Rating oncorporatetaxavoidancebehaviorandits transmissionmechanism.ThestudyfoundthatESGRatingcansignificantly reducecorporate tax avoidance.The mechanism testshows thatESG Rating inhibitcorporate tax avoidancebyeasing financing constraints，improving information transparency，and increasing govermentsubsidies.Heterogeneityanalysis showsthatESG Rating have a more significant inhibitory efectoncorporate tax avoidance behavioramong non-state-owned enterprises，enterprises with lowshareholdingratiosofinstitutionalinvestors，and enterpriseswithlowtaxcolectionand managementintensity. Inthefuture，itisof greatnecesitytoinnovate themarketsoftsupervisionmechanism，strengthenexteralsupervisioandtax management，guide enterprises to improve their ESG performance，and promote theircompliance with tax regulations.

Keywords：ESGRating;corporate tax avoidance;financingconstraints;information transparency;governmentsubsidies

一、问题的提出

ESG是由环境（Environmental）、社会（Social）和治理（Governance）三大维度构成的概念，自 2004年由联合国全球契约组织提出以来，经过不断发展完善，已成为衡量企业可持续发展水平的重要标准。（剩余11431字）