Tax avoidance, tax management and corporate social responsibility

Huseynov, Fariz; Klamm, Bonnie K.

doi:10.1016/j.jcorpfin.2012.06.005

Cited by 269 publications

(248 citation statements)

References 57 publications

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“…Recent empirical studies by Lanis and Richardson [3,17]; Davis et al [1]; Huseynov and Klamm [4]; Hoi et al [5]; Landry et al [6] and Watson [7] differ from ours in either the sample or the CSR measures used.…”

Section: Introductioncontrasting

confidence: 62%

“…Their findings suggest that firms with high measures of CSR concerns tend to have lower CTP. However, Huseynov and Klamm [4] find no relation between CSR strengths and CTP. Second, Hoi et al [5] investigate the association between CSR and corporate tax avoidance for the years 2003 to 2009.…”

Section: Literature Reviewmentioning

confidence: 95%

“…First, Huseynov and Klamm's [4] OLS regression analysis examines the effects of tax management fees and CSR on tax avoidance for a sample of 2,337 firm-years of S&P 500 corporations using auditorprovided tax services. They analyse data from 2000 to 2008.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Our sample initially consists of all firms listed in the MSCI Europe Index in July 2017 4 . For these firms we collected annual financial data and ESG scores for the years 2006 through 2016.…”

Section: Datamentioning

confidence: 99%

“…Compared to recent research, Landry et al [6], Lanis and Richardson [3] and Lanis and Richardson [17] analyse smaller samples. However, Davis et al [1]; Huseynov and Klamm [4]; Watson [7] and Hoi et al [5] investigate larger samples ( Table 1). …”

Section: Datamentioning

confidence: 99%

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Corporate Tax Payments and Corporate Social Responsibility: Complements or Substitutes? Empirical Evidence from Europe

Preu¹,

Preu²

2017

Bus Eco J

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Recent empirical studies find mixed evidence on the relation between corporate social responsibility and corporate tax payments. We investigate for a European sample whether the two constructs act as substitutes or complements. We analyse the relation using a linear unobserved effects panel model. Our findings suggest that corporate social responsibility and corporate tax payments act as substitutes.

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Section: Introductioncontrasting

confidence: 62%

Section: Literature Reviewmentioning

confidence: 95%

Section: Literature Reviewmentioning

confidence: 99%

Section: Datamentioning

confidence: 99%

Section: Datamentioning

confidence: 99%

See 3 more Smart Citations

Corporate Tax Payments and Corporate Social Responsibility: Complements or Substitutes? Empirical Evidence from Europe

Preu¹,

Preu²

2017

Bus Eco J

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Environmental policy, environmental performance, and financial distress in China: Do top management team characteristics matter?

et al. 2018

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This study investigates the effect of environmental performance that is driven by good environmental policies, regulations, and management on firm's financial distress and, consequently, ascertains the extent to which top management teams' (TMTs') characteristics can moderate the environmental performance–financial distress nexus in China using 749 firms over the 2009–2014 period (i.e., generating over 3,000 individual observations). Our findings are twofold. First, our results indicate that increased environmental performance that is driven by good environmental policies tends to strategically reduce the extent of firm financial distress. Second, this nexus is moderated by TMT gender diversity, foreign exposure, and political connection. We interpret our findings within neo‐institutional, upper echelons, and risk management theoretical perspectives. The findings are robust to the use of alternative measures of financial distress, estimation techniques, and endogeneity problems.

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Corporate tax avoidance and firm value: The moderating role of environmental, social, and governance (ESG) ratings

Elamer,

Boulhaga,

Ibrahim

2024

Bus Strat Env

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In this study, we examine how managers in firms that have practiced tax avoidance strategically use sustainability activities together with their tax avoidance practices. More specifically, we investigate the moderating impact of ESG on the association between tax avoidance and firm value. Using a sample of French‐listed companies during the years 2012–2021, we hypothesized and found that ESG rating negatively and significantly moderates the relationship between corporate tax avoidance and firm market valuation. Overall, our results suggest that investors reward firms for good ESG performance, perceiving such companies as more valuable. However, when these firms engage in higher tax liabilities, the positive effect of ESG on firm value is slightly reduced. This nuanced insight highlights the importance of considering how tax strategies interact with ESG initiatives in shaping overall firm value. This study, thus, provides theoretical and practical consequences that will encourage businesses and politicians to promote sustainable development. Our findings remain robust to an array of tests, including a number of different tax avoidance measures and potential endogeneity problems.

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Tax avoidance, tax management and corporate social responsibility

Cited by 269 publications

References 57 publications

Corporate Tax Payments and Corporate Social Responsibility: Complements or Substitutes? Empirical Evidence from Europe

Corporate Tax Payments and Corporate Social Responsibility: Complements or Substitutes? Empirical Evidence from Europe

Environmental policy, environmental performance, and financial distress in China: Do top management team characteristics matter?

Corporate tax avoidance and firm value: The moderating role of environmental, social, and governance (ESG) ratings

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