Document Title
Banking Deregulation and Corporate Tax Avoidance
Department/School
Accounting
Abstract
We investigate whether tax avoidance substitutes for external financing. We exploit interstate banking deregulation as a quasi-external shock to examine whether firms engage in less tax avoidance after banking deregulation, because of cheaper and easier access to credit from banks. We find no empirical evidence to support this substitutive relation, even for firms with higher financial constraints or firms with higher external financing dependence.
Document Type
Article
Publication Title
China Journal of Accounting Research
Publication Date
6-2017
Volume
10
Issue
2
Pages
87-104
Digital Object Identifier (DOI)
10.1016/j.cjar.2016.09.004
Document Version
Publisher's version
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
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