Corporate philanthropy as a response to greater tax enforcement
研究了企业是否在税收执法加强时增加慈善捐赠，发现更严格的税收执法导致企业捐赠增加，尤其是避税激进的企业，且集中在需要政治关联或高声誉成本的企业。
I examine whether firms engage in more corporate philanthropy in response to greater tax enforcement. Using the introduction of a new tax administration system as a proxy for increased tax enforcement, I find stricter tax enforcement results in more corporate donations, especially for tax aggressive firms. These results are concentrated in firms that have a greater demand for political connections or firms that have higher potential reputational costs. In summary, this study suggests that firms strategically use corporate philanthropy to respond to increased tax enforcement.