Based on derivation of the cost of equity capital in terms of expected cash flows, we
generate a testable hypothesis that relates tax avoidance to a firm's cost of equity capital …

We investigate the effect of tax avoidance on the cost of debt for SMEs. Tax avoidance may
increase a firm's cash flows on one hand, but also increase the agency costs, the information …

Corporate tax avoidance is an act aiming at reducing tax amount liable to the government,
which is expected to raise firm value. However, agency theory postulates that opportunistic …

This study examines the association between the effective corporate tax rate and the
volatility of future effective corporate tax rates in Korean companies. We analyzed the effect …

Dual holders, financial institutions that simultaneously hold the debt and equity claims of the
same firms, increase corporate tax avoidance. The positive effect is more pronounced in …

Corporate tax avoidance practice has gathered a certain attention from researchers in recent
years with the advent of corporate social responsibility and the need for firms and managers …

Taxation is a central economic policy tool; in recent years, governments use tax policy to
stimulate local economic growth, regulate multinational firms, and mitigate climate change …

Purpose There is mixed evidence in the extant literature on the firm value implications of
corporate tax aggressiveness in the developed economies. There are, however, limited …

We investigate how tax avoidance affects the maturity structure of debt in firms where tax
avoidance costs are presumably low, namely SMEs. Previous research has shown that …

The study examined the antecedents of aggressive tax behaviour among listed non-financial
firms in Ghana. With firm-level data for 19 non-financial firms covering the period 2010 …