Market Valuation Consequences of Avoiding Taxes While also Being Socially Responsible

Inger, Kerry K.; Vansant, Brian

doi:10.2308/jmar-52169

Cited by 30 publications

(27 citation statements)

References 46 publications

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“…Dengan demikian terdapat ekspektasi bahwa kinerja perusahaan akan semakin meningkat se hingga bisa memengaruhi harga saham yang akhirnya mampu menambah nilai perusahaan. Selain itu, studi yang dilakukan oleh Inger & Vansant (2019) dan Naughton, Wang, & Yeung (2019) menjelaskan bahwa dengan menerbitkan sustainability reporting, perusahaan akan mendapatkan beberapa manfaat misalkan akses yang lebih mudah dan cepat untuk memperoleh pendanaan baik internal maupun eksternal, reputasi yang tinggi dan bagus, hubungan yang baik dengan para stakeholder, meningkatkan competitive advantage (inovasi dan efisiensi), serta ki nerja keuangan yang baik. Peneliti lain yang juga menggunakan teori stakeholder dalam meneliti value-relevance dari sustainability reporting yaitu Clout & Willet (2016), Kuzey & Uyar (2017), dan Laskar (2018).…”

Section: Hasil Dan Pembahasanunclassified

Relevansi Nilai Laporan Keberlanjutan Di Indonesia

Farhana¹,

Adelina²

2019

jamal

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Penelitian ini bertujuan untuk menguji apakah laporan keberlanjutan memiliki relevansi nilai bagi investor dan mempengaruhi nilai perusahaan. Regresi berganda model Ohlson digunakan sebagai metode dengan 38 perusahaan terbuka di tahun 2014-2017 sebagai sampel. Hasil penelitian menujukkan bahwa investor menggunakan laporan keberlanjutan sebagai informasi yang bernilai tambah dalam membuat keputusan investasi. Para investor saat ini tidak hanya berfokus kepada keuntungan jangka pendek atau laba perusahaan, tetapi juga keberlanjutan dan keuntungan jangka panjang perusahaan agar dapat memuaskan semua stakeholders. Oleh karena itu, regulator diharapkan segera mencanangkan regulasi yang memadai terkait pengungkapan dalam laporan keberlanjutan.

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Section: Hasil Dan Pembahasanunclassified

Relevansi Nilai Laporan Keberlanjutan Di Indonesia

Farhana¹,

Adelina²

2019

jamal

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“…The societal expectations of large multinational corporations and of nonprofit institutions therefore appear to be converging. Recent studies in the accounting literature examine the relationship between CSR and corporate tax avoidance (e.g., Inger and Vansant 2019;Higgins et al 2015;Watson 2015;Lanis and Richardson 2015;Hoi et al 2013). Since nonprofits are given preferential tax treatment in exchange for providing social goods, our findings regarding the reporting behaviors of nonprofits are relevant to this literature.…”

Section: Introductionmentioning

confidence: 93%

Strategic reporting by nonprofit hospitals: an examination of bad debt and charity care

et al. 2021

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In this paper, we examine bad debt and charity care reporting by nonprofit hospitals around bond issuance. Given the tax advantages afforded to nonprofit hospitals, including the ability to issue tax-exempt debt, hospital managers encounter stakeholder pressure to provide community benefits. When nonprofits issue debt, they also face economic pressure to meet creditors’ financial performance expectations. We document a reporting strategy that allows nonprofit hospitals to reduce the cost of bond debt while simultaneously alleviating regulators’ and community members’ concerns about inadequate provision of charity care. Using data from public bond issues for California nonprofit hospitals, we find that hospital managers shift costs from bad debt expense to charity care in periods prior to a public bond issuance and that the strategy is associated with a lower cost of debt. Our results inform those relying on accounting measurements to infer nonprofit hospitals’ social good provisions and financial health.

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“…Finally, Inger and Vansant (2019) examine how tax avoidance and CSR interact to affect firm value. They find that the effect of CSR on firm value is reduced when the firm engages in high levels of tax avoidance.…”

Section: The Effect On Firm Valuementioning

confidence: 99%

A Review of Corporate Social Responsibility and Reputational Costs in the Tax Avoidance Literature*

Krieg

2021

Accounting Perspectives

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In recent years, academic researchers, policymakers, and the public have increasingly focused on the tax avoidance behavior of corporations. At the same time, firms are increasingly pressured to incorporate corporate social responsibility (CSR) into their decision making, leading to heightened academic interest in CSR. Given that opponents of corporate tax avoidance often argue that avoiding tax is socially irresponsible, we review the growing literature surrounding this issue. We begin with a theoretical review of how corporate tax avoidance fits into the CSR framework. We then review the empirical evidence on the interrelationship between CSR and firm reputation in the tax avoidance literature. We frame our review around three questions: (i) Do firms view tax avoidance as a CSR issue? (ii) Do stakeholders view tax avoidance as socially irresponsible, leading to reputational costs of tax avoidance? And (iii) Do firms change their tax avoidance behavior due to fear of these reputational consequences? Throughout our review, we provide discussions on the state of the current literature and offer suggestions for future research opportunities.

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Market Valuation Consequences of Avoiding Taxes While also Being Socially Responsible

Cited by 30 publications

References 46 publications

Relevansi Nilai Laporan Keberlanjutan Di Indonesia

Relevansi Nilai Laporan Keberlanjutan Di Indonesia

Strategic reporting by nonprofit hospitals: an examination of bad debt and charity care

A Review of Corporate Social Responsibility and Reputational Costs in the Tax Avoidance Literature*

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