The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Agency costs and tax planning when the government is a major Shareholder
Open accessAbstract
In state owned enterprises (SOEs), taxes are a dividend to the controlling shareholder, the state, but a cost to other shareholders. We examine publicly traded firms in China and find significantly lower tax avoidance by SOEs relative to non-SOEs. The differences are pronounced for locally versus centrally-owned SOEs and during the year of SOE term performance evaluations. We link our results to managerial incentives through promotion tests, finding that higher SOE tax rates are associated with higher promotion frequencies of SOE managers. Our results suggest managerial incentives and tax reporting are conditional on the ownership structure of the firm.
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Cites
Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
The Value of the Voting Right: A Study of the Milan Stock Exchange Experience
Zingales, L. (1994) · Review of Financial Studies · doi:10.1093/rfs/7.1.125 · Cited by 970
Cited by
Corporate Governance in China: A Survey
Jiang, F., & Kim, K. A. (2020) · Review of Finance · doi:10.1093/rof/rfaa012 · Cited by 815
Wang, J., Ma, M., Dong, T., & Zhang, Z. (2023) · International Review of Financial Analysis · doi:10.1016/j.irfa.2023.102623 · Cited by 638
Self-citationCORPORATE TAX AVOIDANCE: A LITERATURE REVIEW AND RESEARCH AGENDA
Wang, F., Xu, S., Sun, J., & Cullinan, C. P. (2020) · Journal of Economic Surveys · doi:10.1111/joes.12347 · Cited by 294
Metadata
- Authors
- Bradshaw, M., Liao, G., & Ma, M. (.
- Venue
- Journal of Accounting and Economics
- Publisher
- Elsevier BV
- Published
- 2019-04
- Volume
- 67
- Issue
- 2-3
- Pages
- 255-277
- ISSN
- 0165-4101 (ISSN-L)
- OpenAlex
- W2903797332
- Cited by
- 416
- References
- 2
- FWCI
- 68.42
- Type
- journal article
- Language
- en
- Open access
- green
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