The impact of tax avoidance on the value of listed firms in Vietnam

The impact of tax avoidance on the value of listed firms in Vietnam

The study aims to examine the impact of tax avoidance on the value of listed firms in Vietnam. Using a sample of 209 non-financial businesses listed on the Ho Chi Minh Stock Exchange (HOSE) in Vietnam for the period 2010-2018 and the Panel-Corrected Standard Errors (PCSE) to overcome the model'...

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Veröffentlicht in:Cogent business & management 2021, Vol.8 (1), p.1-13
Hauptverfasser: Minh Ha, Nguyen, Tuan Anh, Pham, Yue, Xiao-Guang, Hoang Phi Nam, Nguyen
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Sprache:eng
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firm value
Growth rate
HOSE
PCSE
Tax avoidance
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container_end_page 13
container_issue 1
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container_title Cogent business & management
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creator Minh Ha, Nguyen
Tuan Anh, Pham
Yue, Xiao-Guang
Hoang Phi Nam, Nguyen
description The study aims to examine the impact of tax avoidance on the value of listed firms in Vietnam. Using a sample of 209 non-financial businesses listed on the Ho Chi Minh Stock Exchange (HOSE) in Vietnam for the period 2010-2018 and the Panel-Corrected Standard Errors (PCSE) to overcome the model's errors, we show that tax avoidance has a negative impact on the value of businesses at a 10% significance level. In addition, other variables, such as foreign ownership, investment, return on assets, leverage, the growth rate, firm size, sales index, and age of the firm, have a positive impact on firm value. In addition, variables such as state ownership and total accruals have a negative impact on firm value, and most of them are highly robust. However, firm size and the firm growth rate are not statistically significant in the study.
doi_str_mv 10.1080/23311975.2021.1930870
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source Taylor & Francis Open Access; DOAJ Directory of Open Access Journals; EZB-FREE-00999 freely available EZB journals
subjects firm value
Growth rate
HOSE
PCSE
Tax avoidance
title The impact of tax avoidance on the value of listed firms in Vietnam
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