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The Relationship
Between Ownership Structure and Tax Planning: The Moderating Role of ESG
Performance in Thailand |
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ความสัมพันธ์ระหว่างโครงสร้างผู้ถือหุ้น
และการวางแผนภาษี : บทบาทการปฏิบัติงานด้าน ESG ของบริษัทจดทะเบียนในประเทศไทย |
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Received: Revised: Accepted: |
Dr.Piyanat Thunputtadom Lecturer of Faculty of
Humanities and Social Sciences, Rajamangala University of Technology Tawan-Ok Surasak Jayajitadara Lecturer of Department
of Accounting, Faculty of Management
Science, Dhonburi Rajabhat University (Corresponding Author) Dr.Sudarat Pongsatitpat Lecturer of Faculty of
Business Administration and Information Technology, Rajamangala University of Technology Isan |
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วันที่ได้รับต้นฉบับบทความ : วันที่แก้ไขปรับปรุงบทความ : วันที่ตอบรับตีพิมพ์บทความ : |
ดร.ปิยะณัฐ
ถุนพุทธดม อาจารย์ประจำคณะมนุษยศาสตร์และสังคมศาสตร์ มหาวิทยาลัยเทคโนโลยีราชมงคลตะวันออก สุรศักดิ์ ชัยชิตาทร อาจารย์ประจำหลักสูตรบัญชีบัณฑิต คณะวิทยาการจัดการ
มหาวิทยาลัยราชภัฏธนบุรี (ผู้ประสานงานหลัก) ดร.สุดารัตน์ พงษ์สถิตย์พัฒน์ อาจารย์ประจำคณะบริหารธุรกิจและเทคโนโลยีสารสนเทศ มหาวิทยาลัยเทคโนโลยีราชมงคลอีสาน |
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Keywords: |
ABSTRACT This research study
examines the relationship between ownership structure and tax planning in
listed companies in the Securities Exchange of Thailand (SET) that are part
of the Thailand Sustainability Investment Index (THSI). Further, it studies
the moderating role of environmental, social, and governance (ESG)
performances over a four-year period from 2019 to 2022; 462 samples were
examined for this purpose. Multiple regression analysis techniques were utilised to test the research hypotheses. The results revealed
that institutional ownership (INO) was positively significantly associated
with tax planning on TAX/ASSET and TAX/CFO proxies and family ownership (FMO)
was positively significantly associated with tax planning on effective tax
rates (ETR), TAX/ASSET, and TAX/CFO proxies. However, managerial ownership
(MAO) and foreign ownership (FOW) were found to have an insignificant
positive relationship with tax planning. ESG performance was also found to
have a significant negative role in moderating the relationships between
foreign ownership (FOW) and tax planning on TAX/ASSET and TAX/CFO proxies.
Moreover, the results reveal that there was a positive association between
MAO and FMO, and a negative insignificant association with INO. |
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คำสำคัญ : โครงสร้างผู้ถือหุ้น การวางแผนภาษี
การหลีกเลี่ยงภาษี |
บทคัดย่อ งานวิจัยนี้เป็นการศึกษา
เพื่อทดสอบความสัมพันธ์ระหว่างโครงสร้างผู้ถือหุ้นและการวางแผนภาษีของบริษัทจดทะเบียนในประเทศไทย
ซึ่งเป็นกลุ่มบริษัทหุ้นยั่งยืน (THIS) โดยศึกษาบทบาทของการปฏิบัติงานด้าน ESG
(สิ่งแวดล้อม สังคม และการกำกับดูแล) เป็นระยะเวลา 4 ปี ตั่งแต่ปี
พ.ศ. 2562-2565 คิดเป็น 462 ตัวอย่าง
และใช้เทคนิคการวิเคราะห์ถดถอยพหุคูณในการทดสอบสมมติฐานงานวิจัย ผลการวิจัยในครั้งนี้พบว่า
โครงสร้างผู้ถือหุ้นสถาบันมีความสัมพันธ์เชิงบวกอย่างมีนัยสำคัญกับการวางแผนภาษีจากแบบวัด
TAX/ASSET และ TAX/CFO และโครงสร้างผู้ถือหุ้นแบบครอบครัวมีความสัมพันธ์เชิงลบอย่างมีนัยสำคัญกับการวางแผนภาษีจากแบบวัด
ETR, TAX/ASSET และ TAX/CFO อย่างไรก็ตาม
โครงสร้างผู้ถือหุ้นจากผู้บริหารและโครงสร้างผู้ถือหุ้นจากนักลงทุนต่างประเทศ
มีความสัมพันธ์เชิงบวกแต่ไม่มีนัยสำคัญกับการวางแผนภาษี
สำหรับบทบาทการปฏิบัติงานด้าน ESG เป็นตัวแปรบังคับพบว่า
มีความสัมพันธ์เชิงบวกโครงสร้างผู้ถือหุ้นจากนักลงทุนต่างประเทศและการวางแผนภาษีจากแบบวัดทั้ง
ETR, TAX/ASSET และ TAX/CFO นอกจากนี้พบว่า
มีความสัมพันธ์เชิงบวกต่อโครงสร้างผู้ถือหุ้นจากผู้บริหารและโครงสร้างผู้ถือหุ้นแบบครอบครัว
และความสัมพันธ์เชิงลบกับผู้ถือหุ้นสถาบัน แต่ไม่มีนัยสำคัญ |
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