OLS estimates indicate that the effect of tax avoidance on firm value is a function of firm governance, as predicted by an agency perspective on corporate tax avoidance. Instrumental variables estimates based on exogenous changes in tax regulations yield larger overall effects and reinforce the basic...
Tax avoidancevaluationcorporate governanceWe analyze the valuation-tax avoidance relation and find there is, in fact, a market value discount for tax avoidance. We identify several channels for the adverse valuation effects of tax avoidance. Tax-avoiding firms that (i) lack foreign income, (ii) ...
Corporate Tax Avoidance and Firm Value How do investors value managerial actions designed solely to minimize corporate tax obligations? Using a framework in which managers' tax sheltering decisions are related to their ability to divert value, this paper predicts that the eff... MA Desai,D Dharma...
Corporate tax avoidance is an act aiming at reducing tax amount liable to the government, which is expected to raise firm value. However, agency theory postulates that opportunistic managers can lower tax liabilities through the arrangement of complex transactions, enabling them to shirk or pursue ...
Using a sample of 17,717 firm-year observations over the 2010–2019 period, we find a negative and statistically significant association between corporate tax avoidance and zombie firms after controlling for financial constraints. We also split the zombie firms in our sample into SOE and non-SOE ...
Long‐Run Corporate Tax Avoidance An Examination of Corporate Tax Shelter Participants Debt, Leases, Taxes, and the Endogeneity of Corporate Tax Status Corporate tax avoidance and stock price crash risk: Firm-level analysis ☆ The Effects of Executives on Corporate Tax Avoidance ...
DESCRIPTION AND ANALYSIS OF THE CAMP TAX REFORM PLAN:营地的税收改革计划的描述和分析 热度: Tax avoidance, corporate transparency, and firm value 热度: Giving full play to the function of tax revenue, serving reform and developing stability(发挥税收职能作用 服务改革发展稳定) ...
Desai and Dharmapala (2006) argue that when an information asymmetry exists between managers and shareholders with respect to tax planning, it can facilitate managers acting in their own interests resulting in a negative association between tax planning and firm value. Using a sample of UK quoted ...
Fair Value in the Portuguese Corporate Income Tax Code: Out Through the Door? Fair Value in the Portuguese Corporate Income Tax Code: Back Through the Window? Goodwill Impairments In-Kind Assets Transfer Pricing Exit Tax Conclusion References Accounting, Corporations and Tax Avoidance Corpo...
Corporate Ownership, Governance and Tax Avoidance: An Interactive Effects Although tax avoidance practices are as old as taxes themselves, the ways they are being perpetrated among corporate taxpayers have transmuted so sophistic... HA Annuar,IA Salihu,SNS Obid - Procedia - Social and Behavioral Sc...