Tax avoidance can range from reduction of the corporate tax burden by legitimate use of tax
rules to violation of tax laws. In this paper, we endeavor to synthesize the major findings of …

In this study, I review the empirical literature on the real effects of corporate taxation. I define
real effects broadly as firms' investment responses, corporate risk taking, capital structure …

We show that firms with higher levels of organizational capital (OC) exhibit higher levels of
tax avoidance and that shareholders view tax avoidance of high OC firms as value …

The role of environmental information disclosure (EID) in debt financing for penalized
enterprises remains limited in the current literature. This research seeks to investigate this …

Most prior studies model tax avoidance as a function of firm-level characteristics and do not
consider how individual executive characteristics affect tax avoidance. This paper …

We investigate systematic changes in corporate effective tax rates over the past 25 years
and find that effective tax rates have decreased significantly. Contrary to conventional …

We find that US corporations increase their cash holdings in response to higher economic
policy uncertainty. The increase in cash holdings is not attributed to a reduction in firm …

We investigate whether firms in close customer–supplier relationships are better able to
identify and implement tax avoidance strategies via supply chains. Consistent with our …

Based on derivation of the cost of equity capital in terms of expected cash flows, we
generate a testable hypothesis that relates tax avoidance to a firm's cost of equity capital …

We test whether tax avoidance strategies are associated with greater firm risk. We find that
low tax rates tend to be more persistent than high tax rates and that measures of tax …