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为考察国内高税负是否是推动中国企业OFDI的重要动因,本文通过匹配《中国工业企业数据库》和《境外投资企业(机构)名录》,首次采用微观企业层面数据,检验企业实际承担税负对其OFDI概率和次数的影响。结果表明:(1)实际税负过高不仅提高了中国企业进行OFDI的概率,而且持续保持高位的税负也会导致企业向外投资的次数不断增加;(2)母国高税负对企业向低税负国家(地区)OFDI的概率和次数具有显著推动作用;(3)实际税负对国有企业OFDI影响不显著,但是对私营企业资本外流的促进作用和三资企业被“挤出”的作用十分突出。
In order to investigate whether the domestic high tax burden is an important motivation for promoting OFDI in Chinese enterprises, this paper, for the first time, uses micro-enterprise data to test the actual tax burden of the enterprise by matching the “China Industrial Enterprise Database” and the “Directory of Overseas Investment Enterprises (Institutions) Its OFDI probability and frequency of impact. The results show as follows: (1) Excessive tax burden not only increases the probability of Chinese enterprises implementing OFDI, but also keeps the high tax burden and leads to the increasing number of outward investment; (2) (3) The actual tax burden has no significant effect on the OFDI of state-owned enterprises, but the promotion effect on the outflow of capital from private-owned enterprises and the foreign-funded enterprises have been ”squeezed out“ ”The role is very prominent.