2,722
Views
3
CrossRef citations to date
0
Altmetric
Research Article

Components of book tax differences, corporate social responsibility and equity value

& | (Reviewing editor)
Article: 1617024 | Received 27 Mar 2019, Accepted 06 May 2019, Published online: 20 May 2019

References

  • Abdul Wahab, N. S. (2015). Corporate tax in Malaysia: Revenue, collection and enforcement. E-Proceeding of the International Conference on Social Science Research, Meliá Hotel Kuala Lumpur, Malaysia 8 & 9 June 2015. Kuala Lumpur, Malaysia: World Conference.
  • Abdul Wahab, N. S. (2016). Malaysian multinational companies (MNC): Permanent and temporary nature of tax planning. Cogent Business and Management, 3(1), 1–19. doi:10.1080/23311975.2016.1248644
  • Abdul Wahab, N. S., & Holland, K. (2012). Tax planning, corporate governance and equity value. British Accounting Review, 44(2), 111–124. doi:10.1016/j.bar.2012.03.005
  • Abdul Wahab, N. S., & Holland, K. (2015). The persistence of book-tax differences. British Accounting Review, 47(4), 339–350. doi:10.1016/j.bar.2014.06.002
  • Abdul Wahab, N. S., Ntim, C. G., Mohd Adnan, M. M., & Tye, W. L. (2018). Top management team heterogeneity, governance changes and book-tax differences. Journal of International Accounting, Auditing and Taxation, 32(c), 30–46. doi:10.1016/j.intaccaudtax.2018.07.002
  • Aiken, L. S., & West, S. G. (1991). Multiple Regression: Testing and Interpreting Interactions. London: Sage Publications.
  • Balakrishnan, K., Blouin, J. L., & Guay, W. R. (2019). Tax aggressiveness and corporate transparency. The Accounting Review, 94(1), 45–69. doi:10.2308/accr-52130
  • Becchetti, L., Ciciretti, R., Hasan, I., & Kobeissi, N. (2012). Corporate social responsibility and shareholder’s value. Journal of Business Research, 65(11), 1628–1635. doi:10.1016/j.jbusres.2011.10.022
  • Belsley, D., Kuh, E., & Welsch, R. E. (1980). Regression diagnostics: Identifying influential data and sources of collinearity. New York: John Wiley and Sons.
  • Blaylock, B., Shevlin, T., & Wilson, R. (2012). Tax avoidance, large positive temporary book-tax differences, and earnings persistence. The Accounting Review, 87(1), 91–120. doi:10.2308/accr-10158
  • Breusch, T. S., & Pagan, A. R. (1979). A simple test for heteroscedasticity and random coefficient variation. Econometrica: Journal of the Econometric Society, 47(5), 1287–1294. doi:10.2307/1911963
  • Chen, X., Ender, P. B., Mitchell, M., & Wells, C. (2005). Stata web books: Regression with stata. http://www.ats.ucla.edu/stat/stata/webbooks/reg/default.
  • Davis, K. (1960). Can business afford to ignore corporate social responsibilities? California Management Review, 2, 70–76. doi:10.2307/41166246
  • De Klerk, M., De Villiers, C., & Van Staden, C. (2015). The influence of corporate social responsibility disclosure on share prices: Evidence from the United Kingdom. Pacific Accounting Review, 27(2), 208–228. doi:10.1108/PAR-05-2013-0047
  • Deegan, C., Rankin, M., & Tobin, J. (2002). An examination of the corporate social and environmental disclosures of BHP from 1983–1997. Accounting, Auditing, and Accountability Journal, 15(3), 312–343. doi:10.1108/09513570210435861
  • Desai, M. A., & Dharmapala, D. (2006). Corporate tax avoidance and high-powered incentives. Journal of Financial Economics, 79(1), 145–179. doi:10.1016/j.jfineco.2005.02.002
  • Desai, M. A., & Dharmapala, D. (2009a). Corporate tax avoidance and firm value. Review of Economics and Statistics, 91(3), 537–546. doi:10.1162/rest.91.3.537
  • Desai, M. A., & Dharmapala, D. (2009b). Earnings management, corporate tax shelters, and book-tax alignment. National Tax Journal, 62(1), 169–186. doi:10.17310/ntj.2009.1.00
  • Dowling, J., & Pfeffer, J. (1975). Organizational legitimacy: Social values and organizational behavior. Pacific Sociological Review, 18(1), 122–136. doi:10.2307/1388226
  • Drake, K. D., Lusch, S. J., & Stekelberg, J. (2019). Does tax risk affect investor valuation of tax avoidance? Journal of Accounting, Auditing & Finance, 34(1), 151–176. doi:10.1177/0148558X17692674
  • Eicker, F. (1963). Asymptotic normality and consistency of the least squares estimator for families of linear regressions. Annals of Mathematical Statistics, 34(2), 447–456. doi:10.1214/aoms/1177704156
  • Elkington, J. (1997). Cannibals with Forks: The triple bottom line of 21st century business. Minnesota: Capstone.
  • Fisher, J. M. (2014). Fairer shores: Tax havens, tax avoidance, and corporate social responsibility. Boston University Law Review, 94, 337–365.
  • Frank, M. M., Lynch, L. J., & Rego, S. O. (2009). Tax reporting aggressiveness and its relation to aggressive financial reporting. The Accounting Review, 84(2), 467–496. doi:10.2308/accr.2009.84.2.467
  • Gaertner, F. B., Laplante, S. K., & Lynch, D. P. (2016). Trends in the sources of permanent and temporary book-tax differences during the Schedule M-3 era. National Tax Journal, 69(4), 785–808. doi:10.17310/ntj.2016.4.03
  • Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2006). Multivariate data analysis (6th ed.). New Jersey: Pearson Education Inc.
  • Holland, K., Lindop, S., & Zainudin, F. (2016). Tax avoidance: A threat to corporate legitimacy? An examination of companies’ financial and CSR reports. British Tax Review, 3, 310–338.
  • Hybels, R. C. (1995). On legitimacy, legitimation, and organizations: A critical review and integrative theoretical model. Academy of Management Journal, 1, 241–245.
  • Inland Revenue Board. (2016). Annual Report 2016 http://lampiran1.hasil.gov.my/pdf/pdfam/annual_report_2016.pdf
  • International Trade Administration. (2017). Malaysia-agricultural sector https://www.export.gov/article?id=Malaysia-Agricultural-Sector.
  • Javed, Z. H., Rao, H. H., Akram, B., & Nazir, M. F. (2015). Effect of financial leverage on performance of the firms: Empirical evidence from Pakistan. SPOUDAI-Journal of Economics and Business, 65(1–2), 87–95.
  • Lanis, R., & Richardson, G. (2016). A reply to corporate social responsibility and tax aggressiveness: A test of legitimacy theory. Social and Environmental Accountability Journal, 36(1), 90–92. doi:10.1080/0969160X.2016.1148975
  • MASB. (2014). Malaysian financial reporting standard 112. http://masb.org.my/pages.php?id=89
  • New Straits Times. (2017). Exclusive: IRB ‘cheated of billions’. https://www.nst.com.my/news/nation/2017/04/230018/exclusive-irb-cheated-billions
  • Nguyen, Q. T. K., & Rugman, A. M. (2015). Multinational subsidiary sales and performance in South East Asia. International Business Review, 24(1), 115–123. doi:10.1016/j.ibusrev.2014.07.001
  • OECD. (2018). Base erosion and profit shifting. http://www.oecd.org/tax/beps/
  • Ohlson, J. A. (1991). The theory of value and earnings and an introduction to the Ball-Brown analysis. Contemporary Accounting Research, 8(1), 1–19. doi:10.1111/care.1991.8.issue-1
  • Ohlson, J. A. (1995). Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661–687. doi:10.1111/care.1995.11.issue-2
  • Okiro, K., Aduda, J., & Omoro, N. (2015). The effect of corporate governance and capital structure on performance of firms listed at the East African community securities exchange. European Scientific Journal, 11(7), 501–533.
  • Piantavigna, P. (2017). Tax abuse and aggressive tax planning in the BEPS era: How EU law and the OECD are establishing a unifying conceptual framework in international tax law, despite linguistic discrepancies. World Tax Journal, 9(1), 47–98.
  • Raedy, J. S., Seidman, J., & Shackelford, D. A. (2011). Is there information content in the tax footnote? Research paper series 23rd Annual American taxation association mid-year meeting. doi:10.2139/ssrn.1686036
  • Reverte, C. (2016). Corporate social responsibility disclosure and market valuation: Evidence from Spanish listed firms. Review of Managerial Science, 10(2), 411–435. doi:10.1007/s11846-014-0151-7
  • Scherer, A. G. (2018). Theory assessment and agenda setting in political CSR: A critical theory perspective. International Journal of Management Reviews, 20, 387–410. doi:10.1111/ijmr.2018.20.issue-2
  • Shackelford, D. A., Slemrod, J., & Sallee, J. M. (2011). Financial reporting, tax, and real decisions: Toward a unifying framework. International Tax and Public Finance, 18(4), 461–494. doi:10.1007/s10797-011-9176-x
  • Shan, Y. G. (2015). Value relevance, earnings management and corporate governance in China. Emerging Markets Review, 23, 186–207. doi:10.1016/j.ememar.2015.04.009
  • Sikka, P. (2010). Smoke and mirrors: Corporate social responsibility and tax avoidance. Accounting Forum, 34(3), 153–168. doi:10.1016/j.accfor.2010.05.002
  • Slemrod, J. (2004). The economics of corporate tax selfishness. National Tax Journal, 57(4), 877–899. doi:10.17310/ntj.2004.4.00
  • The Star Online. (2017). 100% Penalty from next year for income tax dodgers. https://www.thestar.com.my/news/nation/2017/04/12/100-penalty-from-next-year-for-income-tax-offenders/#xlI3USfRrpgcYERe.99
  • Thomson Reuters. (2010). Environmental, social and governance (ESG) Data. http://extranet.datastream.com/data/ASSET4%20ESG/Index.htm
  • Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management, 20(3), 571–610.
  • Theil, H. (1971). Principles of econometrics Volume 1. New York: Wiley.
  • Travlos, N. G., Trigeorgis, L., & Vafeas, N. (2015). Shareholder wealth effects of dividend policy changes in an emerging stock market: The case of Cyprus. Multinational Finance Journal, 5(2), 87–112. doi:10.17578/5-2-1
  • Tye, W. L., & Abdul Wahab, N. S. (2018). Roles of tax planning in market valuation of corporate social responsibility. Cogent Business & Management, 5(1), 1482595.
  • Whait, R. B., Christ, K. L., Ortas, E., & Burritt, R. L. (2018). What do we know about tax aggressiveness and corporate social responsibility? An integrative review. Journal of Cleaner Production, 204(10), 542–552. doi:10.1016/j.jclepro.2018.08.334
  • White, H. (1980). A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica: Journal of the Econometric Society, 48(4), 817–838. doi:10.2307/1912934
  • Williams, D. F. (2007). Tax and corporate social responsibility. London: KPMG.
  • Wilson, R. (2009). An examination of corporate tax shelter participants. Accounting Review, 84(3), 969–999. doi:10.2308/accr.2009.84.3.969
  • The World Bank. (2014). Revenue potential, tax space, and tax gap a comparative analysis. https://openknowledge.worldbank.org/bitstream/handle/10986/18806/WPS6868.pdf?sequence=1andisAllowed=y.
  • World Economic Forum. (2017). Which countries are worst affected by tax avoidance? https://www.weforum.org/agenda/2017/04/which-countries-are-worst-affected-by-tax-avoidance/.
  • Zeitun, R., & Tian, G. (2007). Capital structure and corporate performance: Evidence from Jordan. Australasian Accounting, Business and Finance Journal, 1(4), 1–24.