Find in Library
Search millions of books, articles, and more
Indexed Open Access Databases
Banking deregulation and corporate tax avoidance
oleh: Bill B. Francis, Ning Ren, Qiang Wu
Format: | Article |
---|---|
Diterbitkan: | Elsevier 2017-06-01 |
Deskripsi
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.