Dharmapala , “ Corporate tax Avoidance and Firm Value ,” The Review of Economics and Statistics 91 ( 2009 ), pp. 537 – 546 .Desai, M., and Dharmapala, D. 2009. Corporate tax avoidance and firm value. Review of Economics and Statistics 91 (3): 537-546....
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 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 ...
Meanwhile, although tax avoidance will induce lower transparency and higher agency costs, the marginal value of the cash held by the more aggressive firms ... Wang,Liangliang - 《China Finance Review International》 被引量: 2发表: 2015年 Tax avoidance and firm value: does qualitative disclosure ...
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 ...
Desai, M. A., & Dharmapala, D. (2009). Corporate tax avoidance and firm value.The Review of Economics and Statistics, 91(3), 537–546. ArticleGoogle Scholar Denis, D. J., Denis, D. K., & Sarin, A. (1997). Ownership structure and top executive turnover.Journal of Financial Econo...
Corporate Tax Avoidance and Firm Value Do corporate tax avoidance activities advance shareholder interests? This paper tests alternative theories of corporate tax avoidance using unexplained dif... MA Desai,D Dharmapala - 《Review of Economics & Statistics》 被引量: 741发表: 2009年 Corporate Tax ...
Kim, B. K. (2020). Normative uncertainty and middle-status innovation in the US daily newspaper industry.Strategic Organization,18(3), 377–406. ArticleGoogle Scholar Koester, A., Shevlin, T., & Wangerin, D. (2017). The role of managerial ability in corporate tax avoidance.Management Scien...
If aggressive tax avoidance increases loan spread because it heightens the lenders׳ risk exposure, it should also affect nonprice loan term, at-issue bond spread, and the firm׳s debt financing preference toward bank loans over public bonds (see, e.g., Bharath, Sunder, and Sunder, 2008)...
4 This study seeks to provide large-sample evidence on the relation between tax avoidance and crash risk. To examine the firm-level relation between tax avoidance and future crash risk, we construct multiple measures of firm-specific crash risk and tax avoidance. Following Chen, Hong, and Stein...