The Effect of Corporate Tax Avoidance on the Cost of Equity
Based on Lambert, Leuz, and Verrecchia (2007)'s derivation of the cost of equity capital in terms of expected cash flows, we generate a testable hypothesis that relates tax avoidance to a firm's cost of equity capital. Using three broad measures of tax avoidance-book-tax differences, perma...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1511 https://ink.library.smu.edu.sg/context/soa_research/article/2538/viewcontent/Effect_of_Corporate_Tax_Avoidance_on_the_Cost_of_Equity_av.pdf |
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| Institution: | Singapore Management University |
| Language: | English |