The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards
Research output: Contribution to journal › Letter › Research › peer-review
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.
Original language | English |
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Journal | Economics Letters |
Volume | 145 |
Pages (from-to) | 120-122 |
ISSN | 0165-1765 |
DOIs | |
Publication status | Published - 2016 |
- Faculty of Social Sciences - Tax evasion, Profit shifting, Multinational firms, Country-by-country reporting, Developing countries, Financial transparency, H25, H26
Research areas
ID: 162415773