ESG Disclosure and Corporate Tax Avoidance: The Roles of State Ownership and Financial Constraints in Vietnam
ESG開示と法人税回避：ベトナムにおける国有企業と財務制約の役割 (AI 翻訳)
Hieu Thanh Nguyen, Hoa Minh Pham, Anh Thao Nguyen, Linh Khanh Long
🤖 gxceed AI 要約
日本語
本研究はベトナムの非金融上場企業を対象に、ESG開示と租税回避の関係を分析。ESG指標（特に環境・社会・ガバナンス）が租税回避を抑制する効果を確認しつつ、財務制約や国有企業の所有構造がその効果を弱めるという興味深いモデレーション効果を発見。機械学習モデルによりESG変数が租税回避予測精度を向上させることも示した。
English
This study examines the relationship between ESG disclosure and corporate tax avoidance among Vietnamese non-financial listed firms (2020-2024). Using panel data regression and machine learning models, it finds that ESG disclosure reduces tax avoidance, but financial constraints and state ownership weaken this effect. Incorporating ESG variables significantly improves tax avoidance prediction accuracy.
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
本論文はベトナム市場に焦点を当てているが、日本企業が新興国で事業展開する際のESG開示と税務戦略の連関を理解する上で示唆に富む。また、国有企業の影響力が強い市場でのガバナンスの複雑性を浮き彫りにしている。
In the global GX context
This paper contributes to the global ESG disclosure literature by providing evidence from an emerging market, showing that state ownership and financial constraints moderate the ESG-tax avoidance relationship. It offers insights for multinational firms and investors operating in similar institutional environments.
👥 読者別の含意
🔬研究者:Provides novel evidence on the moderating effects of state ownership and financial constraints on ESG disclosure and tax avoidance, using both regression and machine learning.
🏢実務担当者:Highlights how financial constraints and state ownership can influence the effectiveness of ESG disclosure in reducing tax avoidance, relevant for corporate compliance teams.
🏛政策担当者:Suggests that tax authorities and regulators should consider the interplay of ESG disclosure, ownership structure, and financial health when designing tax transparency policies.
📄 Abstract（原文）
This study examines the relationship between environmental, social, and governance (ESG) disclosure and corporate tax avoidance among Vietnamese non-financial listed firms (2020-2024). Using panel data regression, we find the composite ESG index and its individual environmental (E), social (S), and governance (G) dimensions are negatively associated with tax avoidance. Crucially, we identify two distinct moderating effects. As expected, financial constraints weaken the mitigating impact of ESG. More intriguingly, we uncover a highly surprising finding: state ownership also significantly attenuates this effect, highlighting complex institutional nuances in emerging economies. Furthermore, by developing machine learning models to forecast tax avoidance, we demonstrate that incorporating ESG variables substantially improves predictive accuracy compared to baseline models. This research contributes novel evidence from an evolving market, offering practical implications for policymakers, investors, and firms regarding the interplay of sustainable governance, concentrated ownership, and tax transparency.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.20944/preprints202604.1159.v2first seen 2026-07-18 06:00:50
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