Author(s)

Jie Zhang ^1,2

Affiliation(s)

¹ Jining Normal University, Wulanchabu, Inner Mongolia, China
² Center for International Education, Philippines Christian University, Manila, Philippines

Corresponding Author

Jie Zhang

ABSTRACT

According to the sample data from listed companies of various Industries in Shenzhen and Shanghai stock markets from 2008 to 2010, this article used the company size, profitability, capital structure and other firm features, and furthermore, introduced an annual, industry, the actual holding and the tax preference policy as dummy variables, did research on the factors affecting ETR. Based on this, we extracted the industry factor which is significant to the economic, and depended on the computable general equilibrium (CGE) analysis, by adjusting the industry ETR to determine the influence of social general equilibrium. The results indicate that, if the direct, indirect taxation under the premise of the same proportion, to reduce or to improve indirect tax rate of the real estate and departments of industry is an effective way to improve China's long-term economic development.

KEYWORDS

ETR of Listed Company, OLS Model, CGE Model, Industry Adjustment, Social General Equilibrium

CITE THIS PAPER

Jie Zhang, An Empirical Analysis of the Influence of ETR Adjustment on Social General Equilibrium-Based on the Empirical Data of Listed Companies in Various Industries. Financial Engineering and Risk Management (2022) Vol. 5: 117-129. DOI: http://dx.doi.org/10.23977/ferm.2022.050616.

REFERENCES

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