Corporate Tax Avoidance Incentives of Banks in Ghana

Agyei, Samuel Kwaku; Marfo-Yiadom, Edward; Ansong, Abraham; Idun, Anthony Adu-Asare

doi:10.1080/15228916.2019.1695183

Cited by 27 publications

(22 citation statements)

References 32 publications

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“…These procedures are also necessary because in each of the SSA samples in our estimations the number of countries exceed the number of months. Prior studies such as Agyei et al (2020), and Boateng et al (2018) followed the Roodman (2009a, 2009b) approach and confirm its appropriateness for this study. The general form of the system GMM estimation used is specified in Equations (3) and (4).…”

Section: Methodssupporting

confidence: 63%

“…Following Agyei et al (2020) and Boateng et al (2018), the explanatory indicators are defined as suspected endogenous variables and only the time‐invariant variables are considered to be strictly exogenous (Roodman, 2009b). The results from the Sargan overidentification and the Hansen J tests reported in Tables 5 and 6 support the strict exogeneity of the time‐invariant variables.…”

Section: Methodsmentioning

confidence: 99%

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COVID‐19 and food prices in sub‐Saharan Africa

Agyei

Isshaq

Frimpong

et al. 2021

African Development Review

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This study investigated the impact of the novel coronavirus disease 2019 (COVID‐19) outbreak on prices of maize, sorghum, imported rice and local rice in sub‐Saharan Africa (SSA). We estimated dynamic panel data models with controls for macroeconomic setting using general method of moments estimation. The study found that the COVID‐19 outbreak led to increases in food prices of the sampled countries. Restrictions on movements or lockdowns in the wake of COVID‐19 was associated with an increase in the price of maize only. We also found that exchange rate, inflation and crude oil prices exerted a detrimental effect on food prices. We recommend that governments of SSA countries invest in infrastructure that improves efficiencies in the food supply chain during pandemics. Providing adequate support to industries in the value chain will also improve food availability and food price stability post‐COVID‐19.

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Section: Methodssupporting

confidence: 63%

Section: Methodsmentioning

confidence: 99%

COVID‐19 and food prices in sub‐Saharan Africa

Agyei

Isshaq

Frimpong

et al. 2021

African Development Review

Self Cite

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“…In this case, the correlation coefficient between the level and first difference series should be sufficiently high, notably, above 0.800, owing to the rule of thumb threshold documented in contemporary GMM-centric literature (Tchamyou, 2019a(Tchamyou, , 2020. (iii) The concern pertaining to endogeneity is addressed in the present study on two fronts, notably: reverse causality or simultaneity is taken on board through the employment of internal instruments and some bite on the unobserved heterogeneity is considered by the involvement of time fixed effects in the specification exercise (Asongu & Odhiambo, 2018a, 2018bTchamyou, 2019b;Agyei et al, 2019).…”

Section: 21generalize Methods Of Moments (Gmm) Specificationmentioning

confidence: 92%

Inequality, finance and renewable energy consumption in Sub-Saharan Africa

Asongu

Odhiambo

2021

Renewable Energy

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The study investigates linkages between financial development, income inequality and renewable energy consumption from 39 countries in Sub-Saharan Africa. The empirical evidence is based on data for the period 2004-2014, Generalized Method of Moments (GMM) and Quantile Regressions (QR). The GMM results show that financial development unconditionally promotes renewable energy consumption while income inequality counteracts the underlying positive effect. The QR results reveal that the GMM findings only withstand empirical validity in bottom quantiles of the renewable energy consumption distribution. In order to increase room for policy implications for the promotion of renewable energy consumption, critical masses of income inequality that should not be exceeded are computed for bottom quantiles of the renewable energy consumption distribution while income inequality thresholds that should be exceeded are computed for top quantiles of the renewable energy consumption distribution. The study reconciles two strands of the literature.Theoretical, practical and policy implications are discussed.

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“…Hasan et al (2015) state that mature firms enjoy their presence in the market for a longer time period when compared to earlier phases, therefore these firms are followed more keenly by analysts. At the mature phase, firms have greater access toward the resources (such as expertise), which implies that management have much more concerns for efficiently managing its core operations instead of tax-avoidance practices (Agyei et al 2020;Koester et al 2013). At this stage, firms are interested in sustaining what they have already accomplished instead of exploring new opportunities.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

When Does Earnings Management Matter? Evidence across the Corporate Life Cycle for Non-Financial Chinese Listed Companies

Hussain

Akbar

Khan

et al. 2020

JRFM

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Information availability, firm performance, idiosyncratic volatility and bankruptcy-risk vary across the Corporate Life Cycle (CLC) stages. The purpose of this paper is to examine whether CLC stages explain firm’s propensity to engage in both accrual base and real earning management practices in the context of China. Panel data of 3250 non-financial Chinese listed firms spanning from 2009 to 2018 is used to investigate the proposed relationship. CLC stages were captured through Dickinson’s model, while earnings management is measured by employing both techniques, i.e., accruals-base earnings management and real earnings management. The data were analyzed through Panel data fixed-effects and random-effects techniques. Results reveal that, when compared to shakeout phase, managers’ response to use both earnings management practices is significantly higher during introduction and decline phases, and lower during growth and mature stages of CLC. It suggests that introductory and later-staged firms distort their factual financial information from creditors to obtain loans without strict debt covenants. Our results are robust to alternate measures and specifications. The core contribution of this research is to add a fresh perspective to the CLC research by uncovering its imperative role in influencing the earning management behavior of corporate managers.

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Corporate Tax Avoidance Incentives of Banks in Ghana

Cited by 27 publications

References 32 publications

COVID‐19 and food prices in sub‐Saharan Africa

COVID‐19 and food prices in sub‐Saharan Africa

Inequality, finance and renewable energy consumption in Sub-Saharan Africa

When Does Earnings Management Matter? Evidence across the Corporate Life Cycle for Non-Financial Chinese Listed Companies

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