مقاله انگلیسی رایگان در مورد تاثیر ريسك قضائی دعوی مالیات بر عملکرد شرکت – امرالد ۲۰۱۷

emerald

 

مشخصات مقاله
ترجمه عنوان مقاله تاثیر ريسك قضائی دعوی مالیات بر عملکرد شرکت: مدارکی از هند
عنوان انگلیسی مقاله Impact of disputed tax litigation risk on firm performance: evidence from India
انتشار مقاله سال ۲۰۱۷
تعداد صفحات مقاله انگلیسی ۳۵ صفحه
هزینه دانلود مقاله انگلیسی رایگان میباشد.
پایگاه داده نشریه امرالد
نوع نگارش مقاله
مقاله پژوهشی (Research article)
مقاله بیس این مقاله بیس میباشد
نمایه (index) scopus – master journals
نوع مقاله ISI
فرمت مقاله انگلیسی  PDF
شاخص H_index ۹ در سال ۲۰۱۸
شاخص SJR ۰٫۱۴۴ در سال ۲۰۱۸
رشته های مرتبط حسابداری، مدیریت، اقتصاد
گرایش های مرتبط حسابداری مالیاتی، مدیریت عملکرد، اقتصاد مالی
نوع ارائه مقاله
ژورنال
مجله / کنفرانس مجله تحقیقات حسابداری – Accounting Research Journal
دانشگاه Indian Institute of Management Indore – Indore – India
کلمات کلیدی خطر دعوی قضایی، مالیات مورد بحث، عملکرد شرکت، بدهی های احتمالی، بازده سهام
کلمات کلیدی انگلیسی Litigation risk, disputed tax, firm performance, contingent liabilities, stock returns Article Classification: Research Paper
شناسه دیجیتال – doi
https://doi.org/10.1108/ARJ-07-2016-0095
کد محصول E9933
وضعیت ترجمه مقاله  ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید.
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فهرست مطالب مقاله:
۱ Introduction
۲ Accounting for Disputed Tax Contingent Liability: Indian Regulatory Environment
۳ Motivation and Hypothesis
۴ Model Specification and Methodology
۵ Data and Variables
۶ Results Discussion
۷ Summary and Conclusion
References

بخشی از متن مقاله:
Purpose: The study investigates the impact of disputed tax litigation risk on firm performance and stock return behaviour using a sample of Indian listed firms. Design/Methodology/Approach: We use disputed tax liability, reported as a contingent liability by the listed firms, as a proxy for the disputed tax litigation risk. To examine the impact of disputed tax litigation risk on firm performance (measured by accounting and market-based measures), our empirical approach focusses on the panel estimation technique. A portfolio-based approach using alternative asset pricing models examines the cross-sectional return variation due to the influence of disputed tax litigation risk. Findings: The results show a negative relationship between firm performance measures and disputed tax litigation risk. Cross-sectional test results reveal that higher disputed tax litigation risk is associated with higher expected returns. Research limitations/Implications: This study focusses on disputed tax reported under the heading of contingent liability as a proxy for litigation risk. The study will help investors and portfolio managers to consider disputed tax litigation risk as an important parameter in the evaluation of firm performance. The study will also help regulators to get feedback on tax related policies and improve the dispute resolution process. Originality/Value: The study adds to the existing literature on the relationship between litigation risk and firm performance. In the context of emerging market, this paper is the first-of-its-kind study, which focusses on disputed tax as a litigation risk proxy and examines its possible impact on firm performance and stock return behaviour.

Introduction

This paper examines the impact of disputed tax litigation risk (DTLR hereafter) on the firm performance and stock return behaviour. Over the years, a growing body of research in accounting and finance literature identified the potentially plausible risk parameters that influence firm performance. Amid the growth of related strands of literature, research in accounting and finance has given significant focus on the impact of litigation risk on corporate decisions. Previous studies have investigated the impact of litigation risk on various corporate decisions such as managers’ financial reporting and disclosure decisions (Skinner, 1994, 1997; Johnson et al., 2000, 2001; Lennox and Park, 2006), cash holdings, and investment decisions (Foley et al. 2007; Arena and Julio, 2011,2015; Malm, 2014; Malm and Kanuri, 2016), firm credit ratings (Xie, 2015), equitybased compensation (Dai et al., 2008; Jayaraman and Milbourn, 2009), conservatism in debt contracting (Beatty et al., 2008), firms disclosure behavior (Skinner, 1994), underpricing of initial public offering (Lowry and Shu, 2002) and shareholder wealth implication due to cross-sectional variation in stock return (Bizjak, 1995; Bhagat et al., 1994, 1998). The available literature argues that litigation risk influences managers’ incentives for safeguarding shareholder interest, firm’s future growth potential, and influences corporate financial policy (Arena and Julio, 2011, 2015; Skinner, 1994). Moreover, litigation risk exerts a disciplinary influence on corporate practices relating to executive compensation, executive and board turnover, corporate investment, and voluntary disclosure (Field et al., 2005; Ferris et al., 2007; Kim and Skinner, 2012; Lowry, 2009; McTier and Wald, 2011; Rogers and Van Buskirk, 2009; Rogers et al., 2011; Qing, 2011). In essence, there is little doubt that litigation is an important part of the corporate environment (Bizjak, 1995).

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