Kong, Xiaowei; Si, Deng-Kui; Li, Haiyang; Kong, Dongmin - In: Financial Innovation 7 (2021) 1, pp. 1-23
This study investigates the effect of targeted reserve requirement ratio cuts (TRRRCs) on tax avoidance among small and micro enterprises (SMEs) with operating revenues below specific cutoffs in China. Using a regression discontinuity design, we causally show that, by increasing loan...