과제정보
This research was supported by Daegu University Research Grant, 2020.
참고문헌
- Amihud, Y. and H. Mendelson (1986), "Asset pricing and the bid-ask spread", Journal of Financial Economics, 17(2), 223-249. https://doi.org/10.1016/0304-405X(86)90065-6
- Austin, C. and R. Wilson (2017), "An examination of reputational costs and tax avoidance: Evidence from firms with valuable consumer brands", The Journal of the American Taxation Association, 39(1), 67-93. https://doi.org/10.2308/atax-51634
- Balakrishnan, K., J. Blouin, and W. Guay (2018) "Tax Aggressiveness and Corporate Transparency", The Accounting Review, 94(1), 45-69. https://doi.org/10.2308/accr-52130
- Botosan, C., M. Plumlee, and H. Wen (2011), "The relation between expected returns, realized returns, and firm risk characteristics", Contemporary Accounting Research, 28(4), 1085-1122. https://doi.org/10.1111/j.1911-3846.2011.01096.x
- Brealey, R., M. Myers, and F. Allen (2011), Principles of Corporate Finance. 10th Edition. McGraw Hill-Irwin.
- Cho, S. Y., C. Lee, and R. J. Pfeiffer (2013), "Corporate social responsibility performance and information asymmetry" Journal of Accounting and Public Policy, 32(1), 71-83. https://doi.org/10.1016/j.jaccpubpol.2012.10.005
- Cook, K. A., W. J. Moser, T. C. Omer (2017), "Tax avoidance and ex ante cost of capital", Journal of Business Finance & Accounting, 44, 1109-1136. https://doi.org/10.1111/jbfa.12258
- Cornell, B. (2021), "ESG preferences, risk and return", European Financial Management 27, 12-19. https://doi.org/10.1111/eufm.12295
- Cui, J., H. Jo, and H. Na (2018), "Does Corporate Social Responsibility Affect Information Asymmetry?", Journal of Business Ethics 148, 549-572. https://doi.org/10.1007/s10551-015-3003-8
- Dhaliwal, D. S., O. Z. Li, A. Tsang, and Y. G. Yong (2011), "Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting, The Accounting Review, 86(1), 59-100. https://doi.org/10.2308/accr.00000005
- Drake, K., S. Lusch, and J. Stekelberg (2019), "Does tax risk affect investor valuation of tax avoidance?", Journal of Accounting, Auditing & Finance, 34(1), 151-176. https://doi.org/10.1177/0148558X17692674
- Dyreng, S., Hanlon, M. and E. Maydew (2008), "Long-run corporate tax avoidance" The Accounting Review, 83(1), 61-82. https://doi.org/10.2308/accr.2008.83.1.61
- Easton, P. (2004), "PE ratios, PEG ratios, and estimating the implied expected rate of return on equity capital", The Accounting Review, 79(1), 73-95. https://doi.org/10.2308/accr.2004.79.1.73
- Francis, J., R. LaFond, P. Olsson, and K. Shipper (2005), "The market pricing of accruals quality", Journal of Accounting and Economics, 39,295-327. https://doi.org/10.1016/j.jacceco.2004.06.003
- Gallemore, J., and E. Labro (2015), "The importance of the internal information environment for tax avoidance," Journal of Accounting and Economics, 60, 149-167. https://doi.org/10.1016/j.jacceco.2014.09.005
- Gode. D. and P. Mohanram (2003), "Inferring the cost of capital using the Ohlson-Juettner model", Review of Accounting Studies, 8, 399-431. https://doi.org/10.1023/A:1027378728141
- Godfrey, P. C., C. B. Merrill, and J. M . Hansen (2009), "The relationship between corporate social responsibility and shareholder value: An empirical test of the risk management hypothesis", Strategic Management Journal, 30(4), 425-445 https://doi.org/10.1002/smj.750
- Goh, B. W., J. Lee, C. Y. Lim, and T. Shevlin (2016), "The effect of corporate tax avoidance on the cost of equity", The Accounting Review, 91(6), 1647-1670. https://doi.org/10.2308/accr-51432
- Guenther, D. A., Matsunaga, S. R., and B. M. Williams(2017), "Is tax avoidance related to firm risk?" The Accounting Review, 92(1), 115-136. https://doi.org/10.2308/accr-51408
- Hanlon, M. and J. Slemrod (2009), "What does tax aggressiveness signal? Evidence from stock price reactions to news about tax shelter involvement", Journal of Public Economics, 93, Issues 1-2, 126-141. https://doi.org/10.1016/j.jpubeco.2008.09.004
- Hoi, C. K., Q. Wu, H. Zhang (2013), "Is Corporate Social Responsibility (CSR) Associated with Tax Avoidance? Evidence from Irresponsible CSR Activities", The Accounting Review, 88(6), 2025-2059. https://doi.org/10.2308/accr-50544
- Hope, O., M. Ma, and W. Thomas (2013), "Tax avoidance and geographic earnings disclosure", Journal of Accounting and Economics, 56, 170-189. https://doi.org/10.1016/j.jacceco.2013.06.001
- Hutchens, M., and S. Rego (2015), "Does greater tax risk lead to increased firm risk?", Working paper, Indiana University.
- Kim, J. B., Y. Li, and L Zhang (2011), "Corporate tax avoidance and stock price crash risk: Firm- level analysis", Journal of Financial Economics, 100(3), 639-662. https://doi.org/10.1016/j.jfineco.2010.07.007
- Kubick, T., D. Lynch, M. Mayberry, and T. Omer (2015), "Product Market Power and Tax Avoidance: Market Leaders, Mimicking Strategies, and Stock Returns", The Accounting Review, 90(2), 675-702. https://doi.org/10.2308/accr-50883
- Lanis, R., and G. Richardson (2012), "Corporate social responsibility and tax aggressiveness: An empirical analysis", Journal of Accounting and Public Policy, 31(1), 86-108. https://doi.org/10.1016/j.jaccpubpol.2011.10.006
- Lintner, J. (1975), "The valuation of risk assets and the selection of risky investments in stock portfolios and capital budgets. Stochastic optimization models in finance", Academic Press, 131-155.
- McGuire Sean T., Omer Thomas C., and Wang Dechun (2012), "Tax Avoidance: Does Tax-Specific Industry Expertise Makea Difference?", The Accounting Review, 87(3), 975-1003. https://doi.org/10.2308/accr-10215
- Neuman, S. S., Omer, T. C., and A. P. Schmidt (2020), "Assessing tax risk: Practitioner perspectives", Contemporary Accounting Research, 37( 3), 1788-1827 https://doi.org/10.1111/1911-3846.12556
- Ng, A. C., and Z. Rezaee (2015), "Business sustainability performance and cost of equity capital", Journal of Corporate Finance, 34,128-149. https://doi.org/10.1016/j.jcorpfin.2015.08.003
- Ohlson, J. and B. Juettner-Nauroth (2005), "Expected EPS and EPS growth as determinants of value", Review of Accounting Studies, 10, 349-365. https://doi.org/10.1007/s11142-005-1535-3
- Ould Daoud Ellili, N. (2020), "Environmental, Social, and Governance Disclosure, ownership Structure and Cost of Capital: Evidence from the UAE", Sustainability, 12(18), 7706.
- Saavedra, D. (2015), "Tax Spike Firms", Working paper, UCLA Anderson School of Management.
- Sharpe, W. (1964), "Capital asset price : A theory of market equilibrium under conditions of risk", Journal of Finance, 19, 425-442. https://doi.org/10.1111/j.1540-6261.1964.tb02865.x
- Siew R. Y. J., M. C. A. Balatbat, and D. G. Carmichael (2016) "The impact of ESG disclosures and institutional ownership on market information asymmetry", Asia-Pacific Journal of Accounting & Economics 23(4), 432-448. https://doi.org/10.1080/16081625.2016.1170100
- Slemrod, J. (2004), "The Economics of corporate tax selfishness", National Tax Journal, 57(4), 877-899. https://doi.org/10.17310/ntj.2004.4.06
- Wei, L., Y. Lu, and W . Li (2019), "Does CSR Action Provide Insurance-Like Protection to Tax- Avoiding Firms? Evidence from China", Sustainability, 11(19): 5297.
- Yoon, B. H., J. H. Lee, and J. H. Cho (2021), "The Effect of ESG Performance on Tax Avoidance-Evidence from Korea", Sustainability 13(12): 6729.