Investigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange

Objective: The aim of this study was to provide a model for tax risk measurment in the first step, and to examine the impact of tax risk and social responsibility as well as their interactive effect on the value of companies accepted in the Iranian capital market in single-, three-, four- and five-f...

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Autores principales:	Jamal Barzegari Khanaghah (Ph.D), Ebrahim Abbasi (Ph.D), Maryam Ghadakforoushan
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2020
Materias:	tax risk corporate social responsibility firm value interactive effect asset pricing models Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/7a898d0a2ed74d319f28a9e8d2a7d782
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spelling	oai:doaj.org-article:7a898d0a2ed74d319f28a9e8d2a7d7822021-11-04T19:55:29ZInvestigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2020.13089.2965https://doaj.org/article/7a898d0a2ed74d319f28a9e8d2a7d7822020-04-01T00:00:00Zhttps://jak.uk.ac.ir/article_2506_68ed9e5d68c5c83dd0adde5ced84462b.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObjective: The aim of this study was to provide a model for tax risk measurment in the first step, and to examine the impact of tax risk and social responsibility as well as their interactive effect on the value of companies accepted in the Iranian capital market in single-, three-, four- and five-factor pricing models, in the next step. Another aim was to compare the explanatory power of the models of capital asset pricing. Methods: In this study, the data of 103 companies listed in the Tehran Stock Exchange, TSE, during the years 2011-2017 were collected, and then, analyzed using panel data estimation model. This research is an applied and analytical-explanatory one. Results: The research findings showed that tax risk and social responsibility have significant effects on the value of the company in all four capital asset pricing models in the companies in the TSE. Conclusion: The effect of tax risk on company value is an opposite effect, the impact of social responsibility on company value is a direct effect, but the interactive effect of tax risk and social responsibility on company value is not significant. Comparing the models, it is shown that the five-factor model explains the relationship between these variables in the Iranian capital market better than other models.Jamal Barzegari Khanaghah (Ph.D)Ebrahim Abbasi (Ph.D)Maryam GhadakforoushanShahid Bahonar University of Kermanarticletax riskcorporate social responsibilityfirm valueinteractive effectasset pricing modelsAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 11, Iss 1, Pp 159-189 (2020)
institution	DOAJ
collection	DOAJ
language	FA
topic	tax risk corporate social responsibility firm value interactive effect asset pricing models Accounting. Bookkeeping HF5601-5689
spellingShingle	tax risk corporate social responsibility firm value interactive effect asset pricing models Accounting. Bookkeeping HF5601-5689 Jamal Barzegari Khanaghah (Ph.D) Ebrahim Abbasi (Ph.D) Maryam Ghadakforoushan Investigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange
description	Objective: The aim of this study was to provide a model for tax risk measurment in the first step, and to examine the impact of tax risk and social responsibility as well as their interactive effect on the value of companies accepted in the Iranian capital market in single-, three-, four- and five-factor pricing models, in the next step. Another aim was to compare the explanatory power of the models of capital asset pricing. Methods: In this study, the data of 103 companies listed in the Tehran Stock Exchange, TSE, during the years 2011-2017 were collected, and then, analyzed using panel data estimation model. This research is an applied and analytical-explanatory one. Results: The research findings showed that tax risk and social responsibility have significant effects on the value of the company in all four capital asset pricing models in the companies in the TSE. Conclusion: The effect of tax risk on company value is an opposite effect, the impact of social responsibility on company value is a direct effect, but the interactive effect of tax risk and social responsibility on company value is not significant. Comparing the models, it is shown that the five-factor model explains the relationship between these variables in the Iranian capital market better than other models.
format	article
author	Jamal Barzegari Khanaghah (Ph.D) Ebrahim Abbasi (Ph.D) Maryam Ghadakforoushan
author_facet	Jamal Barzegari Khanaghah (Ph.D) Ebrahim Abbasi (Ph.D) Maryam Ghadakforoushan
author_sort	Jamal Barzegari Khanaghah (Ph.D)
title	Investigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange
title_short	Investigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange
title_full	Investigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange
title_fullStr	Investigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange
title_full_unstemmed	Investigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange
title_sort	investigating the interactive effect of tax risk and social responsibility on the value of companies accepted in tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2020
url	https://doaj.org/article/7a898d0a2ed74d319f28a9e8d2a7d782
work_keys_str_mv	AT jamalbarzegarikhanaghahphd investigatingtheinteractiveeffectoftaxriskandsocialresponsibilityonthevalueofcompaniesacceptedintehranstockexchange AT ebrahimabbasiphd investigatingtheinteractiveeffectoftaxriskandsocialresponsibilityonthevalueofcompaniesacceptedintehranstockexchange AT maryamghadakforoushan investigatingtheinteractiveeffectoftaxriskandsocialresponsibilityonthevalueofcompaniesacceptedintehranstockexchange
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Investigating the Interactive Effect of Tax Risk and Social Responsibility on the Value of Companies Accepted in Tehran Stock Exchange

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