股东监督对公司纳税行为的影响:股东税务诉讼的证据

IF 3.2 3区 管理学 Q1 BUSINESS, FINANCE
Dain C. Donelson, Jennifer L. Glenn, Sean T. McGuire, Christopher G. Yust
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引用次数: 0

摘要

本研究探讨了股东对企业避税行为及其相关财务报告的审查所产生的影响。具体而言,我们探讨了与股东税务诉讼相关的因素及其对被诉公司及其同行未来税务行为的影响。我们发现,在诉讼前,被起诉公司的现金税率和公认会计原则实际税率(ETR)较低,并有极端的避税行为。诉讼后,相对于匹配的对照公司,它们减少了避税活动。与被起诉公司同行业的同行公司在诉讼后也同样降低了避税水平和极端避税的可能性。其他分析表明,被起诉企业改变的是其避税行为,而不仅仅是其税务财务报告。最后,当被诉公司被指控的不当行为被揭露时,对避税最多(即现金 ETR 最低)的同行公司的溢出效应最强。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

The effect of shareholder scrutiny on corporate tax behavior: Evidence from shareholder tax litigation

The effect of shareholder scrutiny on corporate tax behavior: Evidence from shareholder tax litigation

This study examines the effect of shareholder scrutiny of corporate tax avoidance behavior and its related financial reporting. Specifically, we explore the factors associated with shareholder tax litigation and its effect on the future tax behavior of the sued firm and its peers. We find that sued firms have lower cash and GAAP effective tax rates (ETRs) and engage in extreme tax avoidance before litigation. After litigation, they decrease tax avoidance activities, relative to matched control firms. Peer firms in the same industry as sued firms similarly reduce their level of tax avoidance and the likelihood of extreme tax avoidance after the litigation, relative to control firms. Additional analyses suggest that sued firms change their tax avoidance behavior, rather than merely their tax financial reporting. Finally, the spillover results are strongest for peer firms with the most tax avoidance (i.e., the lowest cash ETRs) when the sued firm's alleged misconduct is revealed.

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来源期刊
CiteScore
6.20
自引率
11.10%
发文量
97
期刊介绍: Contemporary Accounting Research (CAR) is the premiere research journal of the Canadian Academic Accounting Association, which publishes leading- edge research that contributes to our understanding of all aspects of accounting"s role within organizations, markets or society. Canadian based, increasingly global in scope, CAR seeks to reflect the geographical and intellectual diversity in accounting research. To accomplish this, CAR will continue to publish in its traditional areas of excellence, while seeking to more fully represent other research streams in its pages, so as to continue and expand its tradition of excellence.
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