南方科技大学知识苑(SUSTech KC): The effect of shareholder pressure on stakeholder interests: Evidence from corporate tax avoidance

题名	The effect of shareholder pressure on stakeholder interests: Evidence from corporate tax avoidance
作者	Jiang, Jiaoliang 1; Bao, Hengmiao 2; Yang, Shijie3
通讯作者	Bao, Hengmiao
发表日期	2024-07-01
DOI	10.1002/ijfe.3026
发表期刊	INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS 影响因子和分区
ISSN	1076-9307
EISSN	1099-1158
摘要	Research on how shareholder pressure influences the interests of stakeholders has recently witnessed a sharp increase, but yields mixed findings. We revisit this question by investigating the impact of managers' attempts to meet or beat earnings expectations on corporate tax avoidance. Using a sample of Chinese listed firms during 2005-2022, we find that firms with earnings pressure are more tax-aggressive. Furthermore, such a higher level of tax avoidance due to earnings pressure is associated with higher real activity management. Cross-sectional analysis shows that the effect of earnings pressure on tax avoidance is weaker among firms with better environment, society, and governance performance, but becomes more salient for state-owned enterprises, firms with higher financial constraints, and during periods when local officials are devoid of incentives for career advancement. Taken together, our study sheds light on the consequences of shareholder pressure stemming from capital markets on corporate tax policies, and provides implications for enterprises and policymakers concerning taxation in emerging markets.
关键词	analyst expectation China earnings pressure ESG tax avoidance
相关链接	[来源记录]
收录类别	SSCI
语种	英语
学校署名	其他
WOS研究方向	Business & Economics
WOS类目	Business, Finance
WOS记录号	WOS:001279778600001
出版者	WILEY
ESI学科分类	ECONOMICS BUSINESS
来源库	Web of Science
引用统计
成果类型	期刊论文
条目标识符	http://sustech.caswiz.com/handle/2SGJ60CL/790115
专题	商学院
作者单位	1.South China Univ Technol, Sch Business Adm, Guangzhou, Guangdong, Peoples R China 2.Xiamen Univ, Sch Management, 422 Siming South Rd, Xiamen 361005, Fujian, Peoples R China 3.Southern Univ Sci & Technol, Business Sch, Shenzhen, Peoples R China
推荐引用方式 GB/T 7714	Jiang, Jiaoliang,Bao, Hengmiao,Yang, Shijie. The effect of shareholder pressure on stakeholder interests: Evidence from corporate tax avoidance[J]. INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS,2024.
APA	Jiang, Jiaoliang,Bao, Hengmiao,&Yang, Shijie.(2024).The effect of shareholder pressure on stakeholder interests: Evidence from corporate tax avoidance.INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS.
MLA	Jiang, Jiaoliang,et al."The effect of shareholder pressure on stakeholder interests: Evidence from corporate tax avoidance".INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS (2024).