The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
Do Socially Responsible Firms Pay More Taxes?
Abstract
We investigate the relation between corporate tax payments and corporate social responsibility. Because existing theory and empirical studies find inconsistent evidence on the relation between these constructs, we investigate whether the two activities act as complements or substitutes. We estimate the relation between measures of corporate social responsibility and (1) the amount of corporate taxes paid, and (2) the amount invested in tax lobbying activities using both ordinary least squares and a system of simultaneous equations. We find consistent evidence that corporate social responsibility is negatively related to five-year cash effective tax rates and positively related to tax lobbying expenditures. Our evidence suggests that, on average, corporate social responsibility and tax payments act as substitutes. Data Availability: Data are available from sources identified in the paper.
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Cites
The Social Responsibility of Business Is to Increase Its Profits
Friedman, M. (2007) · Corporate Ethics and Corporate Governance · doi:10.1007/978-3-540-70818-6_14 · Cited by 11,529 · cited 3×
“For example, Friedman (1970) argues that firms should engage in socially responsible activities only when such activities maximize shareholder wealth.”
BackgroundA Three-Dimensional Conceptual Model of Corporate Performance
Carroll, A. B. (1979) · The Academy of Management Review · doi:10.2307/257850 · Cited by 10,480
New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index
Hadlock, C. J., & Pierce, J. R. (2010) · Review of Financial Studies · doi:10.1093/rfs/hhq009 · Cited by 5,533
Misery Loves Companies: Rethinking Social Initiatives by Business
Margolis, J. D., & Walsh, J. P. (2003) · Administrative Science Quarterly · doi:10.2307/3556659 · Cited by 5,130
Kennedy, P. (1979) · Cited by 4,340
Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011) · The Accounting Review · doi:10.2308/accr.00000005 · Cited by 4,337
Corporate Social Responsibility Theories: Mapping the Territory
Garriga, E., & Melé, D. (2004) · Journal of Business Ethics · doi:10.1023/b:busi.0000039399.90587.34 · Cited by 3,968
CORPORATE SOCIAL PERFORMANCE AND ORGANIZATIONAL ATTRACTIVENESS TO PROSPECTIVE EMPLOYEES.
TURBAN, D. B., & GREENING, D. W. (1997) · Academy of Management Journal · doi:10.2307/257057 · Cited by 3,149
Godfrey, P. C., Merrill, C. B., & Hansen, J. M. (2009) · Strategic Management Journal · doi:10.1002/smj.750 · Cited by 3,137
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
Cited by
CORPORATE 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
Bucaro, A. C., Jackson, K. E., & Lill, J. B. (2020) · Contemporary Accounting Research · doi:10.1111/1911-3846.12542 · Cited by 95
Metadata
- Authors
- Davis, A. K., Guenther, D. A., Krull, L. K., & Williams, B. M.
- Venue
- The Accounting Review
- Publisher
- American Accounting Association
- Published
- 2015-07-01
- Volume
- 91
- Issue
- 1
- Pages
- 47-68
- ISSN
- 0001-4826 (ISSN-L)
- 1558-7967
- OpenAlex
- W2178398887
- Cited by
- 469
- References
- 47
- FWCI
- 103.15
- Type
- journal article
- Language
- en
- Open access
- closed
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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.
