Tax risk, corporate governance, and the valuation of tax avoidance across Philippine firms: How do investors value corporate tax avoidance?

• Main Authors: Ang, Christine E., Chan, Shawn Luther S., Sow, Sean Ellison G., Yap, Siegwald K.
• Format: text
• Language: English
• Published: Animo Repository 2022
• Subjects: Tax evasion—Philippines; Corporate governance—Philippines; Taxation
• Online Access: https://animorepository.dlsu.edu.ph/etdb_econ/26; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1032&context=etdb_econ
• Institution: De La Salle University

Corporate tax avoidance has traditionally been thought to enhance firm value because it generates cash tax savings. Recent literature on tax risk and the agency perspective on tax avoidance, however, suggests that the value of tax avoidance diminishes in certain situations. In tax risk literature, t...