The DOI matches its Crossref record; 70 of the 70 references it cites were found in a registry or an index.
Customer–supplier relationships and corporate tax avoidance
Open accessAbstract
We investigate whether firms in close customer–supplier relationships are better able to identify and implement tax avoidance strategies via supply chains. Consistent with our prediction, we find that both principal customers and their dependent suppliers avoid more taxes than other firms. Further analysis suggests that principal customers and dependent suppliers likely engage in tax strategies involving shifting profits to tax haven subsidiaries. Moreover, tax benefits appear to explain both principal customer firms’ and dependent supplier firms’ organizational decisions. Overall, our study provides evidence of the importance of tax avoidance as a source of gains from these relationships.
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Citations
Cites
Economic Action and Social Structure: The Problem of Embeddedness
Granovetter, M. (1985) · American Journal of Sociology · doi:10.1086/228311 · Cited by 28,745
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
Transaction-Cost Economics: The Governance of Contractual Relations
Williamson, O. E. (1979) · The Journal of Law and Economics · doi:10.1086/466942 · Cited by 10,190
Earnings Management During Import Relief Investigations
Jones, J. J. (1991) · Journal of Accounting Research · doi:10.2307/2491047 · Cited by 8,353
MYERS, S. C. (1984) · The Journal of Finance · doi:10.1111/j.1540-6261.1984.tb03646.x · Cited by 7,526
The Determinants of Capital Structure Choice
TITMAN, S., & WESSELS, R. (1988) · The Journal of Finance · doi:10.1111/j.1540-6261.1988.tb02585.x · Cited by 6,112 · cited 1×
“According to prior literature (e.g., Titman and Wessels, 1988), dependent suppliers often have to make investments specific to principal customers because a large proportion of their sales depend on these large customers and the products demanded by these customers are often uniquely designed.”
BackgroundOptimal capital structure under corporate and personal taxation
DeAngelo, H., & Masulis, R. W. (1980) · Journal of Financial Economics · doi:10.1016/0304-405x(80)90019-7 · Cited by 2,902
Hanlon, M., & Heitzman, S. (2010) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2010.09.002 · Cited by 2,888
Corporate tax avoidance and high-powered incentives
Desai, M. A., & Dharmapala, D. (2006) · Journal of Financial Economics · doi:10.1016/j.jfineco.2005.02.002 · Cited by 2,170
Corporate tax avoidance and stock price crash risk: Firm-level analysis
Kim, J.-B., Li, Y., & Zhang, L. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2010.07.007 · Cited by 2,139
Self-citation
Metadata
- Authors
- Cen, L., Maydew, E. L., Zhang, L., & Zuo, L.
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 2017-02
- Volume
- 123
- Issue
- 2
- Pages
- 377-394
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W3122754067
- Cited by
- 438
- References
- 70
- FWCI
- 21.36
- Type
- journal article
- Language
- en
- Open access
- green
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- Cen, L., Maydew, E. L., Zhang, L., & Zuo, L. (2017). Customer–supplier relationships and corporate tax avoidance. Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2016.09.009
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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