Nguyen Minh Hai; Tran Thi Phuong Trang; Pham Minh Vuong - In: Cogent economics & finance 10 (2022) 1, pp. 1-11
Beginning with classical theories on finance, such as the capital structure theory, the trade-off theory of capital structure, and the pecking order theory, the literature shows a negative correlation between tax avoidance and institutional ownership with respect to the business cost of debt....