财经理论与实践2026，Vol.47Issue(2)：61-70,10.DOI:10.16339/j.cnki.hdxbcjb.2026.02.008
地方举债融资显性化能否破除企业税负"隐性枷锁"
Can the Local Government Debt Financing Explicitly Break the"Hidden Shackles"of Corporate Tax Burden?
摘要
Abstract
Using the policy of local government debt financing explicitly after the implementa-tion of the new Budget Law of the People's Republic of China as a natural experiment,based on the perspectives of both"opening the front door"and"closing the back door"measures,this study tests the impact of local government debt financing explicitly on corporate tax stickiness and its mechanisms.The results indicate that,local government debt financing explicitly can sig-nificantly reduce the corporate tax stickiness,and the impact of"opening the front door"scale di-mension and"closing the back door"structural dimension exert"tax benefit supporting effect"and"tax shield strengthening effect"respectively,to reduce the corporate tax stickiness.At the same time,the differences of local financial pressure,corporate information transparency make different impacts of local government debt financing explicitly on corporate tax stickiness.In light of these findings,it is recommended to continue to promote the process of local government debt financing explicitly,utilize fiscal tax tools to maximize benefits,and steadily strengthen the infor-mation transperancy between enterprises and the government.关键词
地方举债融资显性化/企业税负粘性/税惠支持效应/税盾强化效应/高质量发展Key words
local government debt financing explicitly/corporate tax stickiness/tax benefit supporting effect/tax shield strengthening effect/high-quality development分类
管理科学引用本文复制引用
洪源,万里,李大杰..地方举债融资显性化能否破除企业税负"隐性枷锁"[J].财经理论与实践,2026,47(2):61-70,10.基金项目
国家社会科学基金重大项目(25&ZD138) （25&ZD138）
湖南省自然科学基金面上项目(2025JJ50426) （2025JJ50426）
