Investigating the Impact of Tax Avoidance on Investment Efficiency

Objective: The objective of this study was to investigate the effects of tax avoidance on the investment efficiency of the companies listed in the Tehran Stock Exchange, TSE. To measure tax avoidance and investment efficiency, we used the cash effective tax rate and the Richardson (2006) model, resp...

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Autores principales:	Alireza Rahimi, Aref Forughi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2020
Materias:	tax avoidance cash effective tax rate investment efficiency Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/19a1ae11b4ec4ee6949405d431f332c6
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spelling	oai:doaj.org-article:19a1ae11b4ec4ee6949405d431f332c62021-11-04T19:56:11ZInvestigating the Impact of Tax Avoidance on Investment Efficiency2008-89142476-292X10.22103/jak.2020.14368.3027https://doaj.org/article/19a1ae11b4ec4ee6949405d431f332c62020-07-01T00:00:00Zhttps://jak.uk.ac.ir/article_2519_367c7e88e18b735e6f84a626d8d46333.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObjective: The objective of this study was to investigate the effects of tax avoidance on the investment efficiency of the companies listed in the Tehran Stock Exchange, TSE. To measure tax avoidance and investment efficiency, we used the cash effective tax rate and the Richardson (2006) model, respectively. Method: A sample of 152 companies listed in the TSE from 2009 to 2018 was selected to test the research hypothesis, using a panel data least squares regression model. Results: Findings showed that an increase in tax avoidance reduces the efficiency of the company's investment. Conclusion: Although tax avoidance activities require hiding the facts and the performance of complex transactions that lead to opportunistic behaviors of management and reducing the company's investment efficiency, in Iran, tax avoidance is a procedure not necessarily intended to create efficiency, but one that typically followed by companies.Alireza RahimiAref ForughiShahid Bahonar University of Kermanarticletax avoidancecash effective tax rateinvestment efficiencyAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 11, Iss 2, Pp 239-264 (2020)
institution	DOAJ
collection	DOAJ
language	FA
topic	tax avoidance cash effective tax rate investment efficiency Accounting. Bookkeeping HF5601-5689
spellingShingle	tax avoidance cash effective tax rate investment efficiency Accounting. Bookkeeping HF5601-5689 Alireza Rahimi Aref Forughi Investigating the Impact of Tax Avoidance on Investment Efficiency
description	Objective: The objective of this study was to investigate the effects of tax avoidance on the investment efficiency of the companies listed in the Tehran Stock Exchange, TSE. To measure tax avoidance and investment efficiency, we used the cash effective tax rate and the Richardson (2006) model, respectively. Method: A sample of 152 companies listed in the TSE from 2009 to 2018 was selected to test the research hypothesis, using a panel data least squares regression model. Results: Findings showed that an increase in tax avoidance reduces the efficiency of the company's investment. Conclusion: Although tax avoidance activities require hiding the facts and the performance of complex transactions that lead to opportunistic behaviors of management and reducing the company's investment efficiency, in Iran, tax avoidance is a procedure not necessarily intended to create efficiency, but one that typically followed by companies.
format	article
author	Alireza Rahimi Aref Forughi
author_facet	Alireza Rahimi Aref Forughi
author_sort	Alireza Rahimi
title	Investigating the Impact of Tax Avoidance on Investment Efficiency
title_short	Investigating the Impact of Tax Avoidance on Investment Efficiency
title_full	Investigating the Impact of Tax Avoidance on Investment Efficiency
title_fullStr	Investigating the Impact of Tax Avoidance on Investment Efficiency
title_full_unstemmed	Investigating the Impact of Tax Avoidance on Investment Efficiency
title_sort	investigating the impact of tax avoidance on investment efficiency
publisher	Shahid Bahonar University of Kerman
publishDate	2020
url	https://doaj.org/article/19a1ae11b4ec4ee6949405d431f332c6
work_keys_str_mv	AT alirezarahimi investigatingtheimpactoftaxavoidanceoninvestmentefficiency AT arefforughi investigatingtheimpactoftaxavoidanceoninvestmentefficiency
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Investigating the Impact of Tax Avoidance on Investment Efficiency

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