The impact of tax avoidance on enterprise investment efficiency
Focusing on the economic consequences of tax avoidance, this paper tries to explore the impact of a company's tax avoidance, especially the correlation between tax avoidance and overinvestment, based on the conditions of the companies listed on the Shanghai & Shenzhen Stock Exchanges (A-sha...
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| Published in: | Journal of discrete mathematical sciences & cryptography Vol. 21; no. 6; pp. 1293 - 1298 |
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| Main Authors: | , |
| Format: | Journal Article |
| Language: | English |
| Published: |
Taylor & Francis
18-08-2018
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| Subjects: | |
| Online Access: | Get full text |
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| Summary: | Focusing on the economic consequences of tax avoidance, this paper tries to explore the impact of a company's tax avoidance, especially the correlation between tax avoidance and overinvestment, based on the conditions of the companies listed on the Shanghai & Shenzhen Stock Exchanges (A-share companies). Our study reveals that a higher level of tax avoidance is associated with higher investment-cash flow sensitivity as well as a tendency to overinvest. This finding may be useful to enterprises when they choose their tax avoidance activities. |
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| ISSN: | 0972-0529 2169-0065 |
| DOI: | 10.1080/09720529.2018.1526404 |