文献详情
Financial constraints and firm tax evasion
文献类型：期刊
通讯作者：Liu, YZ (reprint author), Renmin Univ China, China Financial Policy Res Ctr, Sch Finance, Beijing, Peoples R China.
期刊名称：INTERNATIONAL TAX AND PUBLIC FINANCE
年：2019
卷：26
期：1
页码：71-102
ISSN：0927-5940
关键词：Tax evasion; Financial constraints; Firm-level data
所属部门：财政金融学院
摘要：Most analyses of tax evasion examine individual behavior, not firm behavior, given obvious and recognized data issues. We use data from the Business Environment and Enterprise Performance Survey to examine tax evasion at the firm level, focusing on a novel determinant of firm tax evasion: the financial constraints (or credit constraints) faced by the firm. Our empirical results indicate across a range of alternative specifications that more financially constrained firms are more likely to be inv ...More
Most analyses of tax evasion examine individual behavior, not firm behavior, given obvious and recognized data issues. We use data from the Business Environment and Enterprise Performance Survey to examine tax evasion at the firm level, focusing on a novel determinant of firm tax evasion: the financial constraints (or credit constraints) faced by the firm. Our empirical results indicate across a range of alternative specifications that more financially constrained firms are more likely to be involved in tax evasion activities, largely because evasion helps them deal with financing issues created by financial constraints. We further show that the effects of financial constraints are heterogeneous across firm ownership, firm age, and firm size. Lastly, we present some suggestive evidence on the possible channels through which the impact of financial constraints on firm tax evasion may operate, including a reduction of information disclosure through the banking system, an increase in the use of cash for transactions, and an increase in bribe activities in exchange for tax evasion opportunities. ...Hide

DOI：10.1007/s10797-018-9502-7
百度学术：Financial constraints and firm tax evasion
语言：外文
人气指数：1
浏览次数：1
基金：National Natural Science Foundation of China [71773128, 71533006]; Fok Ying Tung Education Foundation [151085]
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