Corporate Social Responsibility, Family Firms and Tax Avoidance Behavior

Abstract

Recently, the society and public are more concerned about the fulfillment of social responsibility by enterprises, in addition to demanding that enterprises achieve economic benefits. As one of the more costly aspects of social responsibility, corporate tax payment in accordance with the law is of vital importance to both enterprises and the government. There are two competing views on the relationship between corporate social responsibility and tax avoidance, namely the risk management tool view and the corporate social responsibility culture view, each of which is inconclusive. In this paper, we are going to select companies that disclose CSR reports from 2013 to 2018 as a sample and use empirical research to explore the relationship between CSR disclosure and tax avoidance behavior, and further discuss the influence of the nature of family business enterprises on the relationship based on social emotional wealth theory. It helps investors and regulators to understand the tax avoidance motives of corporate social responsibility disclosure and facilitates the improvement of CSR disclosure system.