Does tax avoidance diminish firms' sustainability?

Chika Saka*, Tomoki Oshika, Masayuki Jimichi

*この研究の対応する著者

研究成果: Article査読

抄録

Firm tax avoidance has gathered substantial public attention in both the real world and academic literature. Stakeholder theory suggests that firms need to maintain good relationships with all firm stakeholders to be sustainable. Although it makes the firm profitable (i.e., higher net income after tax) in the short run, tax avoidance may diminish the sustainability of firms. We thus examine the relationship between tax avoidance and sustainability. First, we find that on the specific charts we draw, the location parameters of sustainable firms are clearly greater than those of others. Second, we examine the relationship between firm tax avoidance and financial sustainability using the LOGIT model and find that the effective tax rates (ETRs) of the firms are tied with their sustainability. Our results indicate that tax avoidance diminishes sustainability.

本文言語English
ページ(範囲)95-114
ページ数20
ジャーナルJournal Global Policy and Governance
8
2
DOI
出版ステータスPublished - 2019

ASJC Scopus subject areas

  • 政治学と国際関係論
  • 経済学、計量経済学

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