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

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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