Chen, Shuping; Chen, Xia; Cheng, Qiang; Shevlin, Terry - In: Journal of Financial Economics 95 (2010) 1, pp. 41-61
Taxes represent a significant cost to the firm and shareholders, and it is generally expected that shareholders prefer tax aggressiveness. However, this argument ignores potential non-tax costs that can accompany tax aggressiveness, especially those arising from agency problems. Firms owned/run...
