مقاله انگلیسی رایگان در مورد آشکاری صورت های مالی و تلفیق بهشت مالیاتی – اسپرینگر ۲۰۲۲

مقاله انگلیسی رایگان در مورد آشکاری صورت های مالی و تلفیق بهشت مالیاتی – اسپرینگر ۲۰۲۲

 

مشخصات مقاله
ترجمه عنوان مقاله الحاق بهشت مالیاتی و شفافیت گزارشگری مالی
عنوان انگلیسی مقاله Tax haven incorporation and financial reporting transparency
انتشار مقاله سال ۲۰۲۲
تعداد صفحات مقاله انگلیسی  ۴۵ صفحه
هزینه دانلود مقاله انگلیسی رایگان میباشد.
پایگاه داده نشریه اسپرینگر
نوع نگارش مقاله
مقاله پژوهشی (Research article)
مقاله بیس این مقاله بیس میباشد
نمایه (index) scopus – master journals – JCR
نوع مقاله ISI
فرمت مقاله انگلیسی  PDF
ایمپکت فاکتور(IF)
۴٫۱۹۰ در سال ۲۰۲۰
شاخص H_index ۷۹ در سال ۲۰۲۲
شاخص SJR ۳٫۹۹۸ در سال ۲۰۲۰
شناسه ISSN ۱۵۷۳-۷۱۳۶
شاخص Quartile (چارک) Q1 در سال ۲۰۲۰
فرضیه دارد
مدل مفهومی دارد
پرسشنامه ندارد
متغیر دارد
رفرنس دارد
رشته های مرتبط حسابداری – مدیریت
گرایش های مرتبط حسابداری مالی – حسابداری مالیاتی – مدیریت مالی
نوع ارائه مقاله
ژورنال
مجله / کنفرانس بررسی مطالعات حسابداری – Review of Accounting Studies
دانشگاه Poole College of Management, North Carolina State University, USA
کلمات کلیدی بهشت های مالیاتی – حاکمیت شرکتی – شفافیت – اجتناب از مالیات
کلمات کلیدی انگلیسی Tax havens – Corporate governance – Transparency – Tax avoidance
شناسه دیجیتال – doi
https://doi.org/10.1007/s11142-022-09676-2
کد محصول e16872
وضعیت ترجمه مقاله  ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید.
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فهرست مطالب مقاله:
Abstract
۱ Introduction
۲ Background, related research, and hypotheses
۳ Sample selection and research design
۴ Primary empirical results
۵ Additional analyses
۶ Conclusion
Appendix 1: Excerpts from tax haven firm disclosures
Appendix 2: Variable definitions
Appendix 3: Calculation of TRANS
References

 

بخشی از متن مقاله:

Abstract

     A widespread perception exists that tax havens facilitate corporate opacity. This study provides new evidence on the association between tax havens and the transparency of firm financial reporting using a unique group of firms whose parent companies are incorporated in tax havens but whose headquarters or primary operations—that is, their base—are in nonhaven countries. While most research suggests a negative association between tax havens and transparency, I examine whether this association depends on the firm’s corporate governance environment as well as its capital market incentives. I find that the negative association is limited to firms subject to weak governance in the base country. In contrast, I find, among firms in stronger governance environments, a positive association between tax haven incorporation and transparency, which is most concentrated among firms with greater capital market incentives. My findings suggest that future researchers should use caution when assuming an unambiguous negative association between tax havens and corporate transparency. The study also provides unique evidence that tax planning can motivate higher transparency in certain settings.

Introduction

     A widespread belief exists that firms’ use of tax havens facilitates corporate opacity. Tax havens have unique regulations that can weaken shareholders’ ability to discipline managers and directors and can provide opportunities for reduced reporting quality or disclosure for tax haven–incorporated companies (Kun 2004; Moon 2018), which may motivate their managers to be less transparent. Many observers, including researchers, policymakers, and the media, have expressed concerns that tax havens let managers misbehave and hide information from financial statement users (e.g., Desai 2005; Morgenthau 2012; Black et al. 2013; Durnev et al. 2016, 2017; Atwood and Lewellen 2019). For example, the U.S. Senate has argued that the unique laws of tax havens can be used to circumvent U.S. securities safeguards, including disclosure requirements (U.S. Senate Permanent Subcommittee on Investigations 2006). Many sources also suggest that tax haven–incorporated companies provide financial information that is unreliable or insufficient to portray a firm’s economic situation.

Conclusion

     I provide new evidence on the association between tax haven use and financial reporting transparency using a unique sample of “tax haven firms” with tax haven–incorporated parents that are based primarily in a nonhaven country. I examine whether the association between tax haven incorporation and transparency is conditional on the firm’s corporate governance environment and capital market incentives. My results indicate that the association between tax haven incorporation and transparency depends on the strength of governance in the base country (i.e., the nonhaven country of headquarters or primary operations), in conjunction with capital market incentives. While I find an overall negative association between tax haven incorporation and transparency in the full sample, I find that firms facing weak country-level governance in the base country drive the baseline negative association. In contrast, I find that capital market incentives motivate tax haven firms to provide highertransparency, compared to other multinationals, among firms based in strong governance countries and firms based in weak governance countries with less severe potential internal governance problems. My study provides evidence that low transparency associated with tax havens is not ubiquitous, and the findings suggest that future researchers should use caution when assuming an unambiguous negative association between tax havens and transparency.

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