| Summary: | 碩士 === 逢甲大學 === 會計學系 === 105 === This paper focuses on the relevance of derivatives and tax planning. In the past, the literature examines the relationship between derivatives and earnings management, or the relationship between earnings management and tax planning, by virtue of earnings management. Therefore, this paper examines the relationship between derivatives and tax planning.
The empirical results of this paper show that enterprises in the use of derivatives, will increase the tax planning, but the results are not significant. And then the use of derivatives motive is divided into hedge or non-hedging, the empirical results show that hedge motives for the use of derivatives, will increase the tax planning, and to avoid the risk of the use of derivatives for the enterprise, will not increase the tax planning. In addition, this paper will add the corporate governance variables to do the additional test. The empirical results show that the higher the ratio of the firm's control and the lower the ratio of the largest external shareholders, the use of derivatives and tax planning improve the results, but the results are not significant, the smaller the size of the board of directors, enterprises in the use of derivatives and tax planning to improve the relevance.
Therefore, the empirical results of this paper can be derived from derivatives, hedging for the purpose of derivatives and tax planning are related, and showing a positive correlation.
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