Strategic reactions in corporate tax planning

被引：50

作者：

Armstrong, Christopher S. ^{[1
]}

Glaeser, Stephen ^{[2
]}

Kepler, John D. ^{[1
,3
]}

机构：

[1] Univ Penn, Wharton Sch, 1300 Steinberg Dietrich Hall, Philadelphia, PA 19104 USA

[2] Univ N Carolina, Kenan Flagler Business Sch, 4000 McColl Bldg, Chapel Hill, NC 27514 USA

[3] Stanford Univ, Grad Sch Business, 655 Knight Way, Stanford, CA 94305 USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 2019年 / 68卷 / 01期

关键词：

Corporate income tax; Tax planning; Industry competition; Strategic interaction; Tax havens; Difference-in-differences; Partially-overlapping groups; Reflection problem; SOCIAL INTERACTIONS; IDENTIFICATION; AVOIDANCE; PRODUCT; INCENTIVES; INSURANCE; PRESSURE; US;

D O I：

10.1016/j.jacceco.2019.03.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We find that firms' tax planning exhibits strategic reactions: firms respond to changes in their industry-competitors' tax planning by changing their own tax planning in the same direction. We document evidence of these strategic reactions in two distinct research settings that entail an exogenous increase and decrease in competitors' tax planning. We also find evidence that strategic reactions stem from concerns about appearing more tax aggressive than industry competitors, some evidence that they stem from firms learning from the tax planning of their industry competitors, and no consistent evidence that they stem from leader-follower dynamics. (C) 2019 Elsevier B.V. All rights reserved.

引用

页数：26

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