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| Gentlemen Make Money Righteously: Research on the Impact of Confucian Culture on Corporate Tax Avoidance |
| TANG Xudong，WANG Lin，NING Bo，LI Wanli |
| 1.South China University of Technology，Guangzhou，China；2.Xiamen University，Xiamen，Fujian, China；3.Hunan University，Changsha，China |
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Abstract Using data of Shanghai and Shenzhen A-share listed companies from 2008 to 2019, the study empirically tested the influence of “junzi personality””Confucian culture on corporate tax avoidance, finding that Confucian culture in a region can inhibit corporate tax avoidance. The mechanism test shows that the emphasizing of “junzi personality” on righteousness, dedication, integrity and reputation are the four potential channels. Further, when enterprises participate in more international competition, the aforementioned influence no longer exists and in areas with poor legal environment, the positive role on inhibiting corporate tax avoidance of Confucian culture is more obvious, which means to some extent Confucian culture can be an effective alternative to formal institutions. However, when the corporate is stuck in managing trouble, economic interests take precedence over “junzi personality” for managers and the disincentive effect of Confucian culture on corporate tax avoidance is no longer evident.
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Received: 05 August 2022
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