30 research outputs found
Governance and the value relevance of tax avoidance / Akmalia M. Ariff and Hafiza A. Hashim
No full textThis paper provides evidence on the link amongst governance, tax avoidance and firm value. We examine whether tax avoidance is associated with firm value and whether the strength of such relation is dependent on the quality of governance. We employ Effective Tax Rates (ETR) to measure tax avoidance and the Malaysia Corporate Governance (MCG) Index to rate firm-level governance. The findings rely on analysis of 203 firms that are listed in the MCG Index between 2009 and 2011. We find that tax avoidance is viewed by investors as a value-enhancing activity, and that the value relevance of tax avoidance is greater for firms with higher-quality governance
Corporate ownership, internet penetration and internet financial reporting: evidence from the gulf cooperation council countries
No full textThis study aims to examine how the individual
effect of company-level ownership structure and the joint-effect
of company-level ownership structure with country-level Internet
penetration, can impact on Internet Financial Reporting (IFR)
Governance and the value relevance of tax avoidance
No full textThis paper provides evidence on the link amongst governance, tax avoidanceand fi rm value. We examine whether tax avoidance is associated with fi rmvalue and whether the strength of such relation is dependent on the quality ofgovernance. We employ Effective Tax Rates (ETR) to measure tax avoidanceand the Malaysia Corporate Governance (MCG) Index to rate fi rm-levelgovernance. The fi ndings rely on analysis of 203 fi rms that are listed in theMCG Index between 2009 and 2011. We fi nd that tax avoidance is viewedby investors as a value-enhancing activity, and that the value relevance oftax avoidance is greater for fi rms with higher-quality governance
Governance and voluntary disclosure of intangibles
No full textThis paper examines the effect of governance on the quality of firms’ voluntary disclosure of intangibles. While disclosure of intangibles reduces information asymmetry, company-level managerial ownership and country-level institutional environment provide incentives that can affect the quality of disclosure. I use a comprehensive set of information about intangibles for disclosure, the aggregate percentage of ownership by directors for managerial ownership, and an index of legal institutions for institutional environments. Based on data from 430 East Asian firms, lower quality disclosure is evident for firms in stronger institutional environment regime. However, the quality of disclosure is not affected by managerial ownership or its joint-effect with institutional environment. The findings highlight the importance of voluntary disclosure about intangibles regardless of the influencing effect of governance mechanisms.</jats:p
Multinational enterprise business behaviour and industrialization in ASEAN countries
Get PDFThis paper gives a progress report of a research project focusing on the competition of Japanese, US, and European firms on ASEAN markets and their impact on economic development both in home and host. countries [Hiemenz, 1984; GroB, 1985; Langhammer, Hiemenz, 1985; v. Kirchbach, 1985], The subsequent sections provide an analysis of some aspects of the contribution which the business behaviour of foreign firms from different industrialized countries may have made to industrialization and export expansion in ASEAN countries in the 1970s and early 1980s. The analysis presented below is in the tradition of Sekiguchi, Krause [1980], Kojima [1978; 1985], and Lee [1983; 1984] and supplements recent work by Ariff, Hill [1985], Hill, Johns [1985], and Hill [1985].
ACCOUNTING IRREGULARITIES AND TAX AGGRESSIVENESS
Get PDFWe examine the association between the incidence of accounting irregularities and aggressive tax reporting. We use Beneish’s M-score model to measure accounting irregularities and effective tax rates (ETR) to measure tax aggressiveness. Based on analysis of publicly listed Malaysian firms from 2008 to 2011, we find a positive but not significant relationship between accounting irregularities and tax aggressiveness. Though contrary to prior findings, our study adds to the evidence of the various motivations behind the unethical behavior involving financial reporting and/or taxation decisions. The finding of this study is useful to both financial and tax authorities in understanding the link between financial and tax reporting decisions
Institutional Environment, Ownership, and Disclosure of Intangibles: Evidence from East Asia
No full textDeformation behavior of open-cell dry natural rubber foam: Effect of different concentration of blowing agent and compression strain rate
No full textQualitative comparison of active compounds between red and green Mariposa Christia Vespertillonis leaves extracts
No full text
