Access the full text.
Sign up today, get DeepDyve free for 14 days.
Scott Dyreng, Michelle Hanlon, Edward Maydew (2008)
Long-Run Corporate Tax AvoidanceThe Accounting Review, 83
X. Ji, Kamran Ahmed, W. Lu (2015)
The impact of corporate governance and ownership structure reforms on earnings quality in ChinaInternational Journal of Accounting and Information Management, 23
Brian Bushee (1999)
Do Institutional Investors Prefer Near-Term Earnings Over Long-Run Value?Capital Markets: Asset Pricing & Valuation
Qigui Liu, G. Tian (2012)
Controlling Shareholder, Expropriations and Firm's Leverage Decision: Evidence from Chinese Non-Tradable Share ReformEmerging Markets Economics: Firm Behavior & Microeconomic Issues eJournal
K. Chan, P. Mo, Amy Zhou (2013)
Government Ownership, Corporate Governance and Tax Aggressiveness: Evidence from ChinaERN: Econometric Studies of Corporate Governance (Topic)
Contemporary Accounting Research Forthcoming, 33
Hyun-Ah Lee, Won-Wook Choi (2016)
Allowance for uncollectible accounts as a tool for earnings management: Evidence from South KoreaInternational Journal of Accounting and Information Management, 24
Frank Yu, Xiaoyun Yu (2010)
Corporate Lobbying and Fraud DetectionJournal of Financial and Quantitative Analysis, 46
Wenfeng Wu, Oliver Rui, Chongfeng Wu (2012)
Institutional Environment, Ownership and Firm TaxationERN: Other Institutional & Transition Economics: Environmental Issues (Topic)
Mahmud Hossain, Santanu Mitra, Z. Rezaee (2011)
Incremental information content of option-related excess tax benefit under FASB Statement No. 123R: A research noteInternational Journal of Accounting and Information Management, 19
Journal of Corporate Finance, 13
Wei Huang, A. Boateng (2016)
On the value relevance of analyst opinions and institutional shareholdings in ChinaInternational Journal of Accounting and Information Management, 24
(2009)
Corporate Tax Avoidance and Firm Value
Liansheng Wu, Yaping Wang, Wei Luo, Paul Gillis (2012)
State ownership, tax status and size effect of effective tax rate in ChinaAccounting and Business Research, 42
Qian Wang, T. Wong, Lijun Xia (2008)
State ownership, the institutional environment, and auditor choice: Evidence from ChinaJournal of Accounting and Economics, 46
The Journal of the American Taxation Association, 35
Andrei Shleifer, Robert Vishny (1996)
A Survey of Corporate GovernanceOrganizations & Markets eJournal
Sean McGuire, Thomas Omer, Dechun Wang (2012)
Tax Avoidance: Does Tax-Specific Industry Expertise Make a Difference?The Accounting Review, 87
R. Porta, Florencio Silanes, Andrei Shleifer, Robert Vishny (1999)
Investor Protection and Corporate ValuationChicago Booth: Fama-Miller Working Paper Series
Jared Moore (2012)
Empirical Evidence on the Impact of External Monitoring on Book-Tax DifferencesSocial Science Research Network
Journal of Financial Economics, 95
Journal of Finance, 52
Mark Defond, T. Wong, Shuhua Li (1999)
The Impact of Improved Auditor Independence on Audit Market Concentration in ChinaUSC Marshall School of Business Research Paper Series
Ebraheem Alzoubi (2016)
Ownership structure and earnings management: evidence from JordanInternational Journal of Accounting and Information Management, 24
Brad Badertscher, Sharon Katz, S. Rego (2013)
The Separation of Ownership and Control and Corporate Tax AvoidanceJournal of Accounting and Economics, 56
J. Zimmerman (1983)
Taxes and firm sizeJournal of Accounting and Economics, 5
Contemporary Accounting Research, 18
John Phillips, Morton Pincus, S. Rego (2003)
Earnings Management: New Evidence Based on Deferred Tax ExpenseThe Accounting Review, 78
Kristina Minnick, Tracy Noga (2010)
Do Corporate Governance Characteristics Influence Tax ManagementJournal of Corporate Finance, 16
Applied Economics, 48
Michelle Hanlon (2002)
The Persistence and Pricing of Earnings, Accruals, and Cash Flows When Firms Have Large Book-Tax DifferencesThe Stephen M. Ross School of Business at the University of Michigan Research Paper Series
Guohua Jiang, Charles Lee, Heng Yue (2010)
Tunneling through intercorporate loans: The China experience☆Journal of Financial Economics, 98
Journal of Corporate Finance, 18
Karl Lins (2002)
Equity Ownership and Firm Value in Emerging MarketsJournal of Financial and Quantitative Analysis, 38
C. Armstrong, Jennifer Blouin, D. Larcker (2011)
The Incentives for Tax PlanningOrganizations & Markets: Motivation & Incentives eJournal
Journal of Accounting and Economics, 53
Wei Huang, Brian Wright (2015)
Analyst earnings forecast under complex corporate ownership in ChinaJournal of International Financial Markets, Institutions and Money, 35
Inder Khurana, William Moser (2012)
Institutional Shareholders’ Investment Horizons and Tax AvoidanceIO: Firm Structure
Tanya Tang, M. Firth (2012)
Earnings Persistence and Stock Market Reactions to the Different Information in Book-Tax Differences: Evidence from ChinaThe International Journal of Accounting, 47
Zuobao Wei, Feixue Xie, Shaorong Zhang (2005)
Ownership Structure and Firm Value in China's Privatized Firms: 1991-2001ERPN: Governance & Organization (Sub-Topic)
Roman Lanis, G. Richardson (2011)
The effect of board of director composition on corporate tax aggressivenessJournal of Accounting and Public Policy, 30
Jeong‐Bon Kim, Yinghua Li, Liandong Zhang (2010)
Corporate Tax Avoidance and Stock Price Crash Risk: Firm-Level AnalysisMicroeconomics: General Equilibrium & Disequilibrium Models of Financial Markets eJournal
S. Claessens, Simeon Djankov, Joseph Fan, Larry Lang (2002)
Disentangling the Incentive and Entrenchment Effects of Large ShareholdingsJournal of Finance, 57
Shuping Chen, Xia Chen, Q. Cheng, T. Shevlin (2007)
Are Family Firms More Tax Aggressive Than Non-Family Firms?ERPN: Family Business (Topic)
Ajay Adhikari, Chek Derashid, Hao Zhang (2006)
Public Policy, Political Connections, and Effective Tax Rates: Longitudinal Evidence from MalaysiaERPN: Societies (Topic)
Journal of Accounting and Economics, 50
Journal of Financial Economics, 79
Accounting Review, 80
Chansog Kim, Liandong Zhang (2013)
Corporate Political Connections and Tax AggressivenessPolitical Behavior: Cognition
T. Zeng (2010)
Ownership Concentration, State Ownership, and Effective Tax Rates: Evidence from China’s Listed Firms*Accounting Perspectives, 9
Tanya Tang, M. Firth (2010)
Can Book-Tax Differences Capture Earnings Management and Tax Management? Empirical Evidence from ChinaSPGMI: Compustat Fundamentals (Topic)
M. Faccio (2010)
Differences between Politically Connected and Nonconnected Firms: A Cross‐Country AnalysisFinancial Management, 39
Michelle Hanlon, Shane Heitzman (2010)
A Review of Tax ResearchCapital Markets: Asset Pricing & Valuation
Yuan Ding, Hua Zhang, Junxi Zhang (2007)
Private vs State Ownership and Earnings Management: Evidence from Chinese Listed CompaniesEmerging Markets: Finance
Mihir Desai, Dhammika Dharmapala (2004)
Corporate Tax Avoidance and High Powered IncentivesTax Law: Tax Law & Policy eJournal
P. Koh (2003)
On the association between institutional ownership and aggressive corporate earnings management in AustraliaBritish Accounting Review, 35
Wenfeng Wu, Chongfeng Wu, Chunyang Zhou, Jun Wu (2012)
Political connections, tax benefits and firm performance: Evidence from ChinaJournal of Accounting and Public Policy, 31
M. Frank, Luann Lynch, S. Rego (2009)
Tax Reporting Aggressiveness and its Relation to Aggressive Financial ReportingThe Accounting Review, 84
Lillian Mills, Kaye Newberry (2001)
The Influence of Tax and Nontax Costs on Book‐Tax Reporting Differences: Public and Private FirmsJournal of The American Taxation Association, 23
Journal of Finance, 57
M. Faccio (2004)
Politically Connected FirmsIO: Firm Structure
Journal of Accounting and Economics, 28
R. Wilson (2009)
An Examination of Corporate Tax Shelter ParticipantsThe Accounting Review, 84
American Economic Review, 96
M. Zarnik, D. Belavic, F. Novak (2007)
Finite-element model-based fault diagnosis, a case study of a ceramic pressure sensor structureMicroelectron. Reliab., 47
Liansheng Wu, Yaping Wang, Bingxuan Lin, Chen Li, Shaw Chen (2007)
Local tax rebates, corporate tax burdens, and firm migration: Evidence from ChinaJournal of Accounting and Public Policy, 26
Agnes Lo, Raymond Wong, M. Firth (2010)
Can corporate governance deter management from manipulating earnings? Evidence from related-party sales transactions in ChinaJournal of Corporate Finance, 16
PurposeThe purpose of this paper is to investigate the influence of state shareholding and control versus institutional investors on tax aggressiveness of Chinese listed firms.Design/methodology/approachBy exploring recently available tax reconciliation data required under 2006 Accounting Standards for Business Enterprises on a sample of Chinese A-share listed firms, the authors calculate a direct measure of tax aggressiveness and investigate the influence of firm ownership structure on their tax aggressiveness.FindingsThe authors find that state ownership and control are positively associated with corporate tax aggressiveness. A positive link between the collective shareholding by the top ten shareholders and firm tax aggressiveness is also found. In contrast, institutional share ownership is negatively associated with corporate tax aggressiveness.Research limitations/implicationsThe results indicate that political connections and ownership concentration empower firms to pursue aggressive tax planning, whereas institutional investors partially mitigate such influences.Originality/valueThis paper complements recent studies on tax aggressiveness in the USA by analyzing tax planning activities of Chinese listed firms. The authors highlight firm ownership and control factors that encourage aggressive tax planning in China. This paper has important implications for both public policy and corporate governance in emerging markets similar to China.
International Journal of Accounting and Information Management – Emerald Publishing
Published: Aug 7, 2017
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.