Showing 1 - 10 of 939
We investigate the association between tax avoidance and offshore activities using a new text-based measure for offshore activities based on Hoberg and Moon (2017, 2019). Our evidence shows that although providing cross-border tax avoidance opportunities, offshore activities reduce the marginal...
Persistent link: https://www.econbiz.de/10013312805
This paper investigates whether economies of scale and scope exist for tax planning. In particular, do multinational corporations avoid more taxes than U.S. domestic-only companies, resulting in lower effective tax rates? While the empirical results indicate that ceteris paribus, larger...
Persistent link: https://www.econbiz.de/10014033582
U.S.-domiciled multinational firms are taxed on a worldwide basis under a credit and deferral system. Consequently, multinationals earning profit from low-tax foreign countries have incentives to delay the repatriation of foreign earnings, resulting in high levels of offshore cash holdings. I...
Persistent link: https://www.econbiz.de/10012904716
Theory and recent empirical literature suggest that social and professional connections may influence corporate policy. However, inference may be biased by the possibility that firms who share peers also share unobserved characteristics that are correlated with observed policy. Using a novel...
Persistent link: https://www.econbiz.de/10012963758
This study addresses the following research questions: Are there any significant social and environmental performance differences between Indonesian companies and MNCs operating in Indonesia? Do the levels of social and environmental performances have positive association with financial...
Persistent link: https://www.econbiz.de/10013070696
We discuss how the internal audit function (IAF) of a large multinational energy company, Uniper, is starting to use ChatGPT to improve automation of internal auditing. We investigate the benefits and challenges of integrating ChatGPT into internal audit processes and assess its impact on the...
Persistent link: https://www.econbiz.de/10014362030
We examine the determinants and consequences of an important but understudied strategy in managing political risks—firm political alignment (FPA), defined as the extent to which firms align their activities with government agendas. We argue that FPA increases firm legitimacy in the eyes of the...
Persistent link: https://www.econbiz.de/10014350867
We examine the consequences of a 2010 Hong Kong regulation that allows, for the first time, companies incorporated in mainland China and cross-listed in Hong Kong (H share companies) to hire mainland domiciled auditors to audit their Hong Kong financial reports. We find that less than one third...
Persistent link: https://www.econbiz.de/10012835554
This paper explores the factors associated with the voluntary decisions to assure social, environmental and sustainability reports. Since the market for assurance services in this area is in its formative stages, there is a limited understanding of the demand for this emergent non-financial...
Persistent link: https://www.econbiz.de/10014213892
Numerous (high-tax) countries presume that multinational firms use their transferpricing policies to shift profits into countries with lower tax rates. To avoid the corresponding loss in tax revenues, tax authorities develop constantly tightening rules to curb transfer-price distortions....
Persistent link: https://www.econbiz.de/10010275037