CFO股权激励降低企业税负可行吗？

——基于业绩的判断

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中图分类号：F275；F832.51；F272.91 文献标识码：A文章编号：1007-5097（2026）02-0120-09

Abstract：To assess whether CFO equity incentives can efectively reduce corporate tax burdens，this study employs a multi-period DID designusing datafrom A-share listedcompanies in China spanning 2007-2O23 to examine the impact of CFO equity incentive on corporate tax burden.It finds that CFO equity incentive can reducecorporate tax burden by adjustingaccounting policiesaswellas striving formore tax benefitsortax rebates.Inthecontext where theCFO has strongprofessionalskils，ahighlevelofpoliticalconnectionswitinteenterprise，ndasmalltaxenforcementintensity in the province where the enterprise is located，CFO equity incentive has a greater efect on reducing corporate tax burden.Thelow tax burden effctbrought byCFOequity incentivecan significantlyimprove corporate performance.The research conclusion provides an efectiveapproach for enterprises toreduce tax burden from theperspectiveof internal governance，and also provides positive support forthe low tax burden brought by enterprise autonomy.

key words：equity incentive;CFO;tax burden;tax planning;political connections;tax enforcement intensit

一、引言

近年来，我国高度重视企业税负问题，并将其视为推动国家经济持续发展的重要抓手，“减税”在《政府工作报告》中连续几年成为关键词。（剩余13544字）