The investigation of the impact of the type of shareholder (institutional and non-institutional) ownership on the relationship between tax avoidance and firms value

Document Type : Research Paper

Authors

1 Department of Accounting, Semnan Branch, Islamic Azad University, Semnan, Iran

2 Assistant Professor of Department of Accounting And Finance, Faculty of Economics, Management and Accounting. Yazd University, Yazd, Iran

3 M.Sc., Department of Accounting, Faculty of Management and Accounting, University of kar, Qazvin, Iran

4 Department of Finance, Faculty of Management, University of Tehran, Iran

Abstract

Abstract
in this research the effect of ownership type on the relationship between tax avoidance and firm value is studied . the ability to identify tax avoidance is an important factor in determining the value of firms from the viewpoint of investors and the type of ownership of shareholders can explain or use it . this study seeks to explain the role of ownership type of different shareholders on the relationship between tax avoidance and firm value . in this research , the difference between the legal rate and the actual tax rate is used to measure tax avoidance . the type of institutional and micro - ownership is measured using the amount of stocks available to shareholders and the firm 's value is measured with the qtobin. this research is a quantitative research and in terms of implementation method is correlational and based on purpose , it is an applied research . the statistical sample of the study consists of 111 companies listed in tehran stock exchange during 1390 to 1398. the results indicate that there is a meaningful and inverse relationship between tax avoidance and firm value , as well as ownership structure affects the relation between tax avoidance and firm value.

Key words: tax avoidance, type of shareholder ownership, firm value.

Keywords

References

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Empirical Research in Accounting
Volume 12, Issue 3 - Serial Number 45
September 2022
Pages 281-300

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History

  • Receive Date: 22 May 2021
  • Revise Date: 10 July 2021
  • Accept Date: 13 July 2021

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