Corporate Tax Planning and Firms’ Information Environment

Competition and Corporate Tax Avoidance: Evidence from Chinese Industrial Firms*

This article investigates whether market competition enhances the incentives of Chinese industrial firms to avoid corporate income tax. We estimate the effects of competition on the relationship between firms reported accounting profits and their imputed profits based on the national income account. To cope with measurement errors and potential endogeneity, we use instrumental variables, exogen...

Is the Italian Corporate Tax Reform Going to Reduce Firms’ Tax Burden? a Microsimulation Analysis

This paper analyses the impact of the corporate tax reform introduced in Italy at the beginning of 2004 on firms’ tax burden. For this purpose we develop a microsimulation model reproducing the Italian corporate tax system. The model is based on an integrated dataset combining ISTAT (Italian National Statistical Office) survey data and published accounts data for corporations, for the year 2000...

USTRANSCOM: Corporate Information-Centric Environment

The Impact of Audit Committee and Its Characteristics on the Firms’ Information Environment

The present study aims at investigating the impact of the presence of audit committee and its characteristics on the corporate information environment. These characteristics include independence, financial expertise, size, and the gender of the audit committee. Although several methods have been discussed for measuring information environment in the accounting and finance literature, this resea...

Analyst Effort Allocation and Firms ’ Information Environment

We examine how sell-side analysts allocate their effort among firms in their research portfolios and the consequences of their effort allocation decisions. We show that analysts play favorites among portfolio firms by devoting more effort to firms that are relatively more important for their career concerns. Specifically, controlling for analyst and firm characteristics, we find that within eac...