Corporate Social Responsibility and Classification Shifting Between Operating and Non-operating Expenses: Evidence from Turkey

Özbay, Deniz; Adıgüzel, Hümeyra

doi:10.1007/978-981-13-3203-6_7

Cited by 1 publication

(1 citation statement)

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“…Because of these limitations, content analysis was used to extract CSR data from sustainability, integrated, and annual reports. The CSR performance model of Özbay and Adıgüzel (2019) was used here, which measures CSR performance through 57 variables within a stakeholder framework. A scale was generated for eight main components (employee rights, management structure, customers, suppliers, product/service quality, environment, CSR strategies, and CSR projects).…”

Section: Empirical Analysis and Research Designmentioning

confidence: 99%

Corporate social responsibility and tax avoidance: Channeling effect of family firms

Özbay

Adıgüzel

Gökmen

2023

J Corp Accounting Finance

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Although the relationship between tax avoidance and corporate social responsibility has been the subject of many studies, results have been inconclusive. In this study, we investigate this relationship from the agency perspective of family firms. Using 1156 firm‐year observations from 94 firms listed on the Istanbul Stock exchange, we found that socially responsible non‐family firms engage in tax avoidance activities through discretionary book‐tax differences rather than tax avoidance through aggressive tax planning and tax sheltering, and this behavior is opposite in family firms. According to findings, family firms engage in more aggressive tax planning than non‐family firms. This study also provides evidence about the external effects on the relationship between CSR and tax avoidance when family firms are monitored effectively by institutional investors or debtors. More specifically, external monitoring by institutional investors or debtors only affects the tax avoidance behaviors of non‐family firms.

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Section: Empirical Analysis and Research Designmentioning

confidence: 99%