Corporate tax avoidance and the timeliness of annual earnings announcements

被引：15

作者：

Crabtree A.D. ^{[1
]}

Kubick T.R. ^{[2
]}

机构：

[1] University of Nebraska-Lincoln, Lincoln, NE

[2] University of Kansas, Lawrence, KS

来源：

Review of Quantitative Finance and Accounting | 2014年 / 42卷 / 1期

关键词：

Earnings announcement timing; Earnings announcements; Reporting delay; Tax aggressiveness; Tax avoidance;

D O I：

10.1007/s11156-012-0333-9

中图分类号：

学科分类号：

摘要：

Consistent with an agency theory of tax avoidance, this study investigates the extent to which tax avoidance results in a less timely annual earnings announcement. Using 16,340 firm-years spanning the period 1993-2010, evidence is presented suggesting tax avoidance that manifests through greater temporary and permanent book-tax differences results in a less timely annual earnings announcement. This result is robust to including several controls previously documented to affect reporting delay, including the magnitude of the earnings surprise, size, profitability, auditor-related influences, shareholder composition, capital intensity, financial reporting aggressiveness and financial condition. Evidence is also presented suggesting that tax avoidance impacts the value-relevance of earnings to investors at the announcement date, evaluated by the earnings response coefficient. © 2012 Springer Science+Business Media New York.

引用

页码：51 / 67

页数：16

共 34 条

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