The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards
Publikation: Bidrag til tidsskrift › Letter › Forskning › fagfællebedømt
We show that recent European legislation requiring oil, gas and mining companies to disclose their tax payments on a country-by-country basis was associated with significant decreases in firm value. This suggests that tax evasion creates considerable rents for firms in extractive industries and that disclosure rules have the potential to reduce these rents.
|Status||Udgivet - 2016|
- Det Samfundsvidenskabelige Fakultet