Tax Avoidance and Firm Value in Japan
| Project/Area Number |
25380628
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Osaka Gakuin Junior College (2016)
Osaka Gakuin University (2013-2015) |
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Principal Investigator |
Akinori Goto 大阪学院大学短期大学部, 経営実務科, 教授 (70331684)
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| Co-Investigator(Kenkyū-buntansha) |
平井 裕久 高崎経済大学, 経済学部, 教授 (40399019)
山下 裕企 青山学院大学, 経営学部, 教授 (70256684)
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| Project Period (FY) |
2013-04-01 – 2017-03-31
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| Project Status |
Completed (Fiscal Year 2016)
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| Budget Amount *help |
¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000)
Fiscal Year 2016: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2015: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2013: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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| Keywords | 会計学 / 企業価値 / 税負担削減行動 / 株式パフォーマンス / ガバナンス |
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| Outline of Final Research Achievements |
This study aims to investigate the relation between corporate tax avoidance and firm value in Japan. Using a tax avoidance measure based on long-run current effective tax rates, we find that tax avoidance is negatively correlated with stock returns. We also find that tax avoidance reduces the informativeness of taxable income and that consistent book-tax differences (BTDs) enhance its informativeness.
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Report
(5 results)
Research Products
(2 results)
