Author : David Gremminger
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)
Book Synopsis Corporate Tax Avoidance and Social (Ir-)responsibility by : David Gremminger
Download or read book Corporate Tax Avoidance and Social (Ir-)responsibility written by David Gremminger and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, companies have increasingly emphasized their commitment in the area of corporate social responsibility (CSR). In view of this development, it is striking that at the same time, large corporations, including some that otherwise portray themselves as particularly socially responsible, are caught evading taxes. This poses a conundrum and raises several questions that this dissertation aims to address. To this end, this thesis explores the effects of corporate tax behavior and consequences of socially (ir-)responsible behavior. A particular focus is on the role of media coverage in this context. The first paper (Chapter 2) finds that while media coverage of tax behavior does not affect abnormal stock returns, consumers notice and penalize brands that engage in tax avoidance, and trading activity increases in response to media coverage of tax avoidance, suggesting heterogeneous reactions across investors. The second paper (Chapter 3) shows that paying a higher tax rate can help mitigate the negative effects of socially irresponsible behavior on firm performance. The third paper (Chapter 4) demonstrates the potential of state-of-the-art topic modeling techniques by examining the media coverage of corporate tax behavior and the importance of tax avoidance reporting relative to other tax-related news. Overall, this thesis contributes to our understanding of the complex relationships between corporate behavior and its consequences, highlighting the importance of considering the perspectives of multiple stakeholders. In doing so, the thesis can hopefully inform the public discourse on how to adequately address the issue of corporate tax avoidance.