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Taxes, Theft, and Firm Performance
This paper examines the interaction between income diversion and firm performance. Using unique Russian banking transaction data, I identify 42,483 spacemen, fly-by-night firms created specifically for income diversion. Next, I build a direct measure of income diversion for 45,429 companies and show that it is negatively related to firm performance. Then, I identify the main reason for the observed effect as managerial diversion rather than tax evasion per se. Finally, I show that stricter tax enforcement can improve firm performance. A one standard deviation increase in tax enforcement corresponds to an increase in the annual revenue growth rate by 2.6%..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : The American Finance Association |
|---|---|
| Edisi | - |
| Subjek | Tax avoidance Firm value Tax evasion Governance |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |