ESG開示・移転価格・財務的苦境が租税回避に与える影響：利益調整を調整変数として
Effects of ESG Disclosure, Transfer Pricing, and Financial Distress on Tax Avoidance with Earnings Management as a Moderating Variable (原題)
Gede Putu Yudistira, Dewi Sarifah Tullah, Iriyadi Iriyadi
🤖 gxceed AI 要約
日本語
インドネシア証券取引所上場のエネルギー・生活必需品・不動産企業489件を対象に、ESG開示・移転価格・財務的苦境が租税回避に与える影響を利益調整の調整効果を含めて検証した。ESG開示は租税回避を有意に抑制する一方、移転価格と財務的苦境の直接効果は確認されず、利益調整が両者の効果を強めることが示された。移転価格10.73%、財務的苦境12.30%の閾値が示され、疑似コンプライアンス仮説の再構築とリスクベース税務モニタリングへの示唆を提示する。
English
Using 489 firm-year observations from Indonesian listed energy, consumer staples, and real estate firms (2023–2025), this study tests how ESG disclosure, transfer pricing, and financial distress affect tax avoidance, with earnings management as a moderator. ESG disclosure significantly reduces tax avoidance, while transfer pricing and financial distress show no direct effects; earnings management strengthens both. Threshold effects (10.73% and 12.30%) support a reconstruction of the Pseudo-Compliance Hypothesis and risk-based tax monitoring.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ基準・有報での税務方針開示やBEPS対応が進む中、ESG開示が租税回避を抑制するという実証結果は、統合報告書での税務透明性開示や投資家の税務リスク評価に関連する。利益調整が閾値的に税回避を促す点は、日本企業の税務ガバナンス強化の議論に示唆を与える。
In the global GX context
Amid global moves toward tax transparency (BEPS 2.0, GRI 207, CSRD tax disclosure), this paper links ESG disclosure quality to reduced tax avoidance and identifies earnings management as an enabling condition. It contributes empirical evidence from an emerging market to the debate on whether ESG commitments translate into tax conduct, relevant to ISSB/GRI-aligned disclosure scholarship.
👥 読者別の含意
🔬研究者:ESG開示と税回避の関係、および利益調整の調整効果に関する新興国実証として、疑似コンプライアンス仮説の再検討に有用。
🏢実務担当者:税務透明性とESG開示の整合を図る際、利益調整が税回避を閾値的に増幅しうる点を内部統制・開示設計で留意すべき。
🏛政策担当者:リスクベース税務モニタリングの設計において、移転価格・財務苦境と利益調整の組み合わせを閾値指標として活用する示唆。
📄 Abstract（原文）
This study examines the effects of ESG Disclosure, Transfer Pricing, and Financial Distress on Tax Avoidance and investigates the moderating role of Earnings Management. The population comprises Energy, Consumer Staples, and Property and Real Estate companies listed on the Indonesia Stock Exchange during 2023–2025. Using purposive sampling, 163 companies were selected, yielding 489 balanced-panel observations. Tax Avoidance is measured by the Cash Effective Tax Rate, ESG Disclosure by the Corporate Social Responsibility Disclosure Index based on the Global Reporting Initiative, Transfer Pricing by the ratio of related-party sales to total sales, Financial Distress by the Modified Altman Z′′-Score, and Earnings Management by the absolute value of Discretionary Accruals estimated using the Modified Jones Model. The analysis employs Moderated Regression Analysis with a Random Effects Model. The results indicate that ESG Disclosure significantly reduces Tax Avoidance, whereas Transfer Pricing and Financial Distress have no significant direct effects. Earnings Management does not moderate the effect of ESG Disclosure but strengthens the effects of Transfer Pricing and Financial Distress. Marginal effect analysis shows thresholds of 10.73% for Transfer Pricing and 12.30% for Financial Distress. These findings position Earnings Management as an enabling condition and support a reconstruction of the Pseudo-Compliance Hypothesis, with implications for risk-based tax monitoring.
🔗 Provenance — このレコードを発見したソース
- openalex https://e-journal.citakonsultindo.or.id/index.php/IJEBIR/article/view/6625first seen 2026-10-05 05:27:28
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