Tax AvoidanceFirm ValueWe show that firms with higher levels of organizational capital (OC) exhibit higher levels of tax avoidance and that shareholders view tax avoidance of high OCHasan, Mostafa MonzurLobo, Gerald J.Qiu, BuhuiSocial Science Electronic Publishing...
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 ...
Corporate tax avoidance is a matter of concern not only for public interest, but also for shareholders who may question whether it increases firm value to benefit their interests. For example, Hanlon and Slemrod (2009) find that equity investors react negatively to the news of a firm's involve...
Desai, M. A., & Dharmapala, D. (2006). Corporate tax avoidance and high-powered incentives.Journal of Financial Economics,79(1), 145–179. ArticleGoogle Scholar Desai, M. A., & Dharmapala, D. (2009). Corporate tax avoidance and firm value.The Review of Economics and Statistics,91(3...
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 ...
Kubick.  Corporate tax avoidance and the timeliness of annual earnings announcements[J]. Review of Quantitative Finance and Accounting . 2014 (1)AARON D C, KUBICK T R. Corporate tax avoidance and the timeliness of annual earnings announcements [ J ]. Review of Quantitative Finance and ...
…lower rates…broaden bases automatically through reduced tax avoidance and higher economic activity. Other nations have learned the same lesson. Keeping the corporate tax rate low is a winner for businesses and workers, but it can also be a winner for government budgets. The Wall Street Journal...
Tax havensfirm valueentrenchmenttax avoidanceIn hand-collected subsidiary data on 17,331 publicly listed firms from 52 countries, we identify expropriation-related motives for establishing tax haven subsidiaries. First, Tax Information Exchange Agreements (TIEAs) increase average shareholder value of ...
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)...