Tax Avoidance and Future Profitability

Sharon P. Katz, Urooj Khan, Andrew P. Schmidt
2013 Social Science Research Network  
Objective: The purpose of this study is to analyze the simultaneous effects of liquidity and agency cost on tax avoidance, considering the profitability of the companies listed in the Tehran Stock Exchange in the period 2012 to 2016. Method: Three hypotheses were considered based on the simultaneous impacts of variables on tax avoidance. The data were collected by referring to databases as well as documentations review. Data analysis was performed, using a 2sls method in Eviews. Results: The
more » ... ws. Results: The results showed that profitability has the ability to explain the impacts of each of the variables of liquidity and agency cost as endogenous variables, properly. According to the results of simultaneous equations analysis, liquidity has positive impact and agency cost has negative impact on tax avoidance. Conclusion: More focus on profitability can be useful in improving the economic decisions of investors, and the analysis of the effects of variables such as agency cost and liquidity on tax avoidance in the companies with no regard to profitability will not lead necessarily to proper outcome. ‫کرمان‬ ‫باهنر‬ ‫شهید‬ ‫دانشگاه‬ ‫اقتصاد‬ ‫و‬ ‫مدیریت‬ ‫دانشکدۀ‬ ‫ایران‬ ‫حسابداری‬ ‫انجمن‬ ‫حسابداری‬ ‫دانش‬ ‫مجلۀ‬ ‫دورۀ‬ ‫د‬ ‫شمارۀ‬ ‫هم،‬ 1 ‫بهار‬ 1318 ‫پیاپی‬ ، 36 ‫صص.‬ 111 ‫تا‬ 136 ‫بررسی‬ ‫تأثیر‬ ‫نمایندگی‬ ‫هزینۀ‬ ‫از‬ ‫مالیاتی‬ ‫اجتناب‬ ‫بر‬ ‫نقدشوندگی‬ ‫و‬ ‫سودآوری‬ ‫طریق‬ ‫دکتر‬ ‫حاجیان‬ ‫امین‬ ‫نژاد‬  ‫سرارودی‬ ‫دانش‬ ‫رسول‬ ‫سید‬  ‫چکیده‬ ‫هدف‬ : ‫حاضر‬ ‫پژوهش‬ ‫تحلیل‬ ‫به‬ ‫همزملا‬ ‫تلثییر‬ ‫و‬ ‫و‬ ‫ولدند‬ ‫نقلد‬ ‫هزینل‬ ‫و‬ ‫نمایند‬ ‫مالیاتو‬ ‫اجتناب‬ ‫بر‬ ‫سددآوری‬ ‫به‬ ‫تدجه‬ ‫با‬ ، ‫ورکت‬ ‫ها‬ ‫ی‬ ‫در‬ ‫وده‬ ‫پذیرفته‬ ‫تهرا‬ ‫بهادار‬ ‫اوراق‬ ‫بدرس‬ ، ‫زمانو‬ ‫دوره‬ ‫طو‬ ‫در‬ 0931 ‫تا‬ 0931 ‫پرداخته‬ ‫است‬ .
doi:10.2139/ssrn.2227149 fatcat:7kmwql26lbfj5n5h2raaqfk6pa