Volume 20, Issue 13 (2012)
J Tax Res 2012, 20(13): 71-102 |
Back to browse issues page
Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
Foroghi D, Mirzaei M, Rasaiian A. The Impact of Tax Avoidance on the Future Stock Price Crash Risk of the Listed Companies in Tehran Stock Exchange. J Tax Res 2012; 20 (13) :71-102
URL: http://taxjournal.ir/article-1-68-en.html
URL: http://taxjournal.ir/article-1-68-en.html
1- Faculty Member of Isfahan University , foroghi@ase.ui.ac.ir
2- MA Student in Accounting, Isfahan University
3- MA in Accounting, University of Mazandaran
2- MA Student in Accounting, Isfahan University
3- MA in Accounting, University of Mazandaran
Abstract: (28284 Views)
Tax payment results in reducing profits and remained cash for other stakeholders including shareholders of a company. So, naturally companies and its shareholders have motives to take some measures to evade tax. Effective strategies for tax evasion involves use of a complex and ambiguous reporting system. Since, Tax evasion can create opportunities for managers to pursue activities that are designed to hide bad news and accumulate them within firm. When the accumulated negative information , release into the market leading to stock price crash. The main propose of the present study is to investigate the relationship between tax avoidance and the future stock price crash risk in Tehran stock exchange. To do this, two main hypotheses and three subsidiary ones were specified and tested, a sample was selected among the listed companies in TSE during 1380-1388(2001-2009). Also, to test the hypotheses, the method of logistic regression and the model of pooling data were applied. The results indicated that, there is a positive relationship between tax evasion and future stock price crash risk.
Keywords: Tax Avoidance, Stock Price Crash Risk, Corporate Governance, Institutional Investors, Outside Directors
Type of Study: Research |
Received: 2012/03/7 | Accepted: 2012/06/13 | Published: 2014/03/9
Received: 2012/03/7 | Accepted: 2012/06/13 | Published: 2014/03/9
Send email to the article author
| Rights and permissions | |
 |
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |
