Agenda

09 Nov 2016 13:00

Tax Avoidance and Corporate Investment Behavior: The Role of Information Environment

Room Saraceno - Department of Management

Management Lectures with Prof. Tony Kang, DeGroote School of Business, McMaster University

Abstract
We investigate whether tax avoidance is associated with greater investment and overinvestment. We further test whether the firm’s information environment mediates this association. We find that tax avoidance is associated with more efficient investment behavior when the firm’s information environment is richer. Our results are robust across multiple measures of tax avoidance and multiple proxies for the quality of the information environment. These findings highlight the important role of financial information in corporate investment decisions and enhance our understanding of the link between tax avoidance and agency costs.

Lingua

L'evento si terrà in italiano

Organizzatore

Department of Management

Allegati

Locandina 475 KB
Paper 836 KB

Cerca in agenda