نقدشوندگی سهام و اجتناب مالیاتی با در نظر گرفتن اهمیت حاکمیت شرکتی و محدودیت‌های مالی

نوع مقاله: مقاله علمی پژوهشی

نویسندگان

1 استادیار دانشکدۀ اقتصاد، دانشگاه علامه طباطبائی، تهران، ایران

2 دانشجوی دکتری اقتصاد، دانشگاه علامه طباطبائی، تهران، ایران

3 کارشناس‎ارشد حسابداری دانشگاه آزاد تهران شمال، تهران، ایران

4 کارشناس‎ارشد حسابداری دانشگاه مازندران، بابلسر، ایران

چکیده

در این پژوهش رابطۀ بین نقدشوندگی سهام و اجتناب مالیاتی با در نظر گرفتن دو قید حاکمیت شرکتی و محدودیت­های مالی بررسی می­شود. بر این اساس، داده­های 120 شرکت فعال در بورس اوراق بهادار تهران در فاصلۀ سال­های 1386 تا 1391 به‎عنوان نمونۀ پژوهش انتخاب شده­اند. روش آماری این پژوهش رگرسیون چندمتغیره است. برای آزمون فرضیه­های پژوهش از مدل پانل دیتا و روش حداقل مربعات تعمیم‎یافته (GLS) استفاده شده است. یافته‎های پژوهش نشان می‌دهد بین نقدشوندگی سهام و اجتناب از پرداخت مالیات در شرکت‌های پذیرفته‎شده در بورس اوراق بهادار تهران ارتباط معناداری وجود دارد. ارتباط بین نقدشوندگی سهام و اجتناب از پرداخت مالیات در شرکت‌هایی که از محدودیت‌های مالی بیشتری برخوردارند، قوی‌تر از شرکت‌هایی است که محدودیت‌های مالی کمتری دارند. همچنین تأثیر نقدشوندگی سهام بر اجتناب از پرداخت مالیات، در شرکت‌هایی که در سطوح پایین حاکمیت شرکتی قرار دارند، تقویت می‌شود.

کلیدواژه‌ها


عنوان مقاله [English]

Stock Liquidity and Corporate Tax Avoidance with Regard to Important of Corporate Governance and Financial Constraints

نویسندگان [English]

  • Amir khademalizadeh 1
  • Sara Hanjari 2
  • Mohammadali Amini 3
  • Amir Rasaiian 4
1 Assistant Professor, Faculty of Economics, Aalame Tababaie University, Tehran, Iran
2 PhD Student of Economy, Faculty of Economics, Aalame Tababaie University, Tehran, Iran
3 MSc. of Accounting, Islamic Azad University, Tehran, Iran
4 MSc. of Accounting, Mazandaran University, Mazandaran, Iran
چکیده [English]

In this research, the relationship between stock liquidity and corporate tax avoidance regarding corporate governance and financial constraints is examined. 120 companies listed on Tehran Stock Exchange for the period 1386-1391 were investigated as a sample of this research. Multivariate panel data regression model and generalized least squares models were used to test the hypotheses. The findings show that there is a significant relationship between stock liquidity and corporate tax avoidance. The review of subsidiary hypotheses shows that the relationship between stock liquidity and corporate tax avoidance in firms with more financial constraints is stronger than in firms with less financial constraints. Also, this relationship will be stronger in firms with lower corporate governance.

کلیدواژه‌ها [English]

  • Corporate governance
  • feedback theory
  • Financial Constraints
  • Tax avoidance
  • Stock liquidity
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