Abstract: The inter-enterprise information spillover and the peer effects have gradually become an important perspective for different parties to understand corporate decision behaviors. By making use of the unique scenario of the staggered implementation of industry-classified information disclosure stipulated by Shanghai and Shenzhen Stock Exchanges, this paper establishes a difference-in-difference model to examine the impact of industry-classified information disclosure on corporate tax compliance from the perspective of peer pressure among the companies. The findings show that the implementation of the industry-classified information disclosure policies can significantly decrease the tax avoidance behaviors of the enterprises. Moreover, this effect is more significant in firms with relatively higher degree of radical tax behaviors in earlier stages, lower information transparency and in the regions with weaker tax supervision. Further analysis shows that the peer pressure formed by the improvement of information comparability is an important path to restrain corporate tax avoidance behaviors through industry-classified information disclosure. Therefore, to promote the construction of industry-classified information disclosure system and to strengthen the information spillover among the similar companies are effective measures to improve the tax supervision mechanism and promote the corporate tax compliance.

Key words: industry information disclosure, corporate tax compliance, peer pressure, quasi-natural experiment