The Effect of Tax Avoidance on Investment Efficiency: The Mediating Role of Cash Holding—Evidence from Egypt
Mostafa Ibrahim Elfeky,
Ahmed Elbrashy,
Ayman Issa
Abstract:Purpose–
This study aims to investigate the influence of tax avoidance on investment efficiency, while also examining the mediating role of cash holding in this relationship.
Design/methodology/approach–
Utilizing a sample comprising 321 firm-year observations from Egypt, we employ Ordinary Least Squares (OLS) regression to examine both the direct and indirect associations between tax avoidance and investment efficiency.
Findings–
The results revealed a significant positive effect of tax avoidance on cash h… Show more
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