Banking deregulation and corporate tax avoidance

Bill B. Francis, Ning Ren, Qiang Wu

We investigate whether tax avoidance substitutes for external financing. We exploit interstate banking deregulation as a quasi-external shock to examine whether firms engage in less tax avoidance after banking deregulation, because of cheaper and easier access to credit from banks. We find no empirical evidence to support this substitutive relation, even for firms with higher financial constraints or firms with higher external financing dependence.

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Year of publication:	June 2017
Authors:	Francis, Bill B. ; Ren, Ning ; Wu, Qiang
Published in:	China journal of accounting research : CJAR. - Guang dong sheng guang zhou shi : [Verlag nicht ermittelbar], ISSN 2214-1421, ZDB-ID 2548343-2. - Vol. 10.2017, 2, p. 87-104
Subject:	Tax avoidance \| Interstate banking deregulation \| External financing \| Steuervermeidung \| Deregulierung \| Deregulation \| Bankenregulierung \| Bank regulation \| Bank

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1016/j.cjar.2016.09.004 [DOI] hdl:10419/187664 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011844741