Allocation of internal cash flow when firms pay less tax: The role of state ownership and political connections

This paper investigates the allocation of internal cash flow among Chinese firms. Compared to their US peers, Chinese firms are less likely to use tax‐related cash for investments, particularly in marketable securities, or to increase cash balance; instead, they mainly use tax‐related cash to reduce...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Accounting and finance (Parkville) 2025-01
Hauptverfasser:	Cao, Yuqiang, Chen, Xikai, Lu, Meiting, Shan, Yaowen
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!