Lu, Fei; Yang, Songyan - In: China journal of accounting research : CJAR 16 (2023) 4, pp. 1-19
obtaining external financing. Taking China’s initial public offering (IPO) suspension policy as a setting, this paper examines … unable to secure planned financing due to the IPO suspension policy engage in greater tax avoidance activities than … successful IPOs during the IPO suspension period; this phenomenon is mainly concentrated in firms that are not state-owned, have …