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Cited by 269

The DOI matches its Crossref record; 49 of the 49 references it cites were found in a registry or an index.

Product Market Power and Tax Avoidance: Market Leaders, Mimicking Strategies, and Stock Returns

Open access
Kubick, Thomas R., Lynch, Dan, Mayberry, Michael A., Omer, Thomas C.·2013·SSRN Electronic Journal
DOI 10.2139/ssrn.2215924
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Abstract

ABSTRACT Product market power provides firms with comparative advantages through more persistent profitability and insulation from competitive threats. These advantages likely provide firms with the ability to engage in greater tax avoidance. We present evidence consistent with this hypothesis. We also show that firms mimic the tax outcomes of their product market leaders. Among firms with greater product market power and comparatively high cash tax avoidance, we find stock prices to be less informative and that investors require additional compensation for the risks associated with comparatively high cash tax avoidance. Our results survive numerous robustness tests. Overall, our results suggest that industry dynamics, particularly related to a firm's competitive position, play a meaningful role in corporate tax policy.

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Crossref · 10.2139/ssrn.2215924

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Metadata

Authors
Kubick, T. R., Lynch, D., Mayberry, M. A., & Omer, T. C.
Venue
SSRN Electronic Journal
Publisher
Elsevier BV
Published
2013
Volume
90
Issue
2
Pages
675-702
ISSN
  • 0001-4826 (ISSN-L)
  • 1556-5068
DOI
10.2139/ssrn.2215924
OpenAlex
W3121280475
Cited by
269
References
49
FWCI
26.04
Type
journal article
Language
en
Open access
green

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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).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.