profit-driven behavior of corporation, so the cultural context of Confucianism contributes to improvement of corporate …

This paper attempts to analyze corporate tax evasion in a principal-agent framework. We assume that the firm's profit … is positively related to managerial effort and that the executive compensation is profit-based. In addition, we consider … that, under these considerations, the production decision and tax evasion decision are not separable; moreover, the profit …