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Regional favoritism and tax avoidance: evidence from China
16 references·3 citing·55 second hop
Regional favoritism and tax avoidance: evidence from China (2019)Regional favoritism and tax avoidance: ev…Agency costs and tax planning when the government is a major Shareholder (2018)Agency costs and tax planning…Political uncertainty and cash holdings: Evidence from China (2016)Political uncertainty and cas…Corporate Political Connections and Tax Aggressiveness (2015)Corporate Political Connectio…Regional Favoritism * (2014)Regional Favoritism *Political Incentives to Suppress Negative Information: Evidence from Chinese Listed Firms (2014)Political Incentives to Suppr…Political geography and stock returns: The value and risk implications of proximity to political power (2012)Political geography and stock…The Fundamental Institutions of China's Reforms and Development (2011)The Fundamental Institutions …Political connections, tax benefits and firm performance: Evidence from China (2011)Political connections, tax be…Distributive Politics Around the World (2011)Distributive Politics Around …The President and the Distribution of Federal Spending (2010)The President and the Distrib…A review of tax research (2010)A review of tax researchSudden Deaths: Taking Stock of Geographic Ties (2009)Sudden Deaths: Taking Stock o…Public policy, political connections, and effective tax rates: Longitudinal evidence from Malaysia (2006)Public policy, political conn…Political turnover and economic performance: the incentive role of personnel control in China (2004)Political turnover and econom…On the Vote-Purchasing Behavior of Incumbent Governments (2002)On the Vote-Purchasing Behavi…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The gift of mobility: Transfer networks of local decision‐makers and interlocal collaboration (2025)The gift of mobility: Transfe…Do signatory auditors with tax expertise facilitate or curb tax aggressiveness? (2024)Do signatory auditors with ta…Blood is thicker than water: local favouritism and inter-local collaborative governance (2022)Blood is thicker than water: …Outside directors and CEO turnover (1988)Econometric Analysis of Cross Section and Panel Data (2001)Regional decentralization and fiscal incentives: Federalism, Chinese style (2005)The Political Economy of the Rent-Seeking Society (2008)How do environmental regulation and environmental decentralization affect green total factor energy efficiency: Evidence from China (2020)What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Determinants of the variability in corporate effective tax rates: Evidence from longitudinal data (1997)In the name of charity: Political connections and strategic corporate social responsibility in a transition economy (2014)Is Corporate Social Responsibility Performance Associated with Tax Avoidance? (2014)The Structure of Corporate Ownership: Causes and Consequences (1985)China statistical yearbook (1988)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Do Political Connections Buffer Firms from or Bind Firms to the Government? A Study of Corporate Charitable Donations of Chinese Firms (2016)State Ownership and Political Connections (2019)Digital transformation and corporate environmental performance: The moderating role of board characteristics (2022)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Institutions, Institutional Change and Economic Performance (1990)Institutions, Institutional Change and Economic Performance (1991)A Survey of Corporate Governance (1997)Retail investor attention and stock price crash risk: Evidence from China (2019)State-owned enterprises in China: A review of 40 years of research and practice (2020)Machine learning in the Chinese stock market (2021)The Nature of the Firm (1937)An Evolutionary Theory of Economic Change. (1983)The Effects of Privatization and Ownership in Transition Economies (2009)Does flattening government improve economic performance? Evidence from China (2016)Watering Down Environmental Regulation in China* (2020)The Logic of Collective Action (1965)The Logic of Collective Action: Public Goods and the Theory of Groups. (1966)A Rational Theory of the Size of Government (1981)The Distributive Politics of Enforcement (2014)Does Electoral Competition Exacerbate Interethnic or Interpartisan Economic Discrimination? Evidence from a Field Experiment in Market Price Bargaining (2015)Paradoxes of Social Policy (2015)Electoral Politics as a Redistributive Game (1986)Balanced-budget redistribution as the outcome of political competition (1987)The Determinants of Success of Special Interests in Redistributive Politics (1996)Electoral goals and center-state transfers: A theoretical model and empirical evidence from India (2008)Fixing Market Failures or Fixing Elections? Agricultural Credit in India (2009)Government Transfers and Political Support (2009)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Effects of Executives on Corporate Tax Avoidance (2010)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Corporate tax avoidance and stock price crash risk: Firm-level analysis (2011)Politicians and Firms (1994)The Value of Democracy: Evidence from Road Building in Kenya (2015)Ethnic Inequality (2016)Does Performance Matter? Evaluating Political Selection Along the Chinese Administrative Ladder (2017)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2004Political turnover and economic performance: the incentive role of personnel control in China3,691 cited
  • 2010A review of tax research3,167 cited
  • 2011The Fundamental Institutions of China's Reforms and Development2,638 cited
  • 2014Regional Favoritism *746 cited
  • 2014Political Incentives to Suppress Negative Information: Evidence from Chinese Listed Firms715 cited
  • 2006Public policy, political connections, and effective tax rates: Longitudinal evidence from Malaysia596 cited
  • 2011Political connections, tax benefits and firm performance: Evidence from China593 cited
  • 2011Distributive Politics Around the World577 cited
  • 2002On the Vote-Purchasing Behavior of Incumbent Governments548 cited
  • 2015Corporate Political Connections and Tax Aggressiveness517 cited
  • 2009Sudden Deaths: Taking Stock of Geographic Ties452 cited
  • 2018Agency costs and tax planning when the government is a major Shareholder421 cited
  • 2010The President and the Distribution of Federal Spending378 cited
  • 2016Political uncertainty and cash holdings: Evidence from China355 cited

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  • 2012Political geography and stock returns: The value and risk implications of proximity to political power281 cited
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    • 2024Do signatory auditors with tax expertise facilitate or curb tax aggressiveness?19 cited
    • 2022Blood is thicker than water: local favouritism and inter-local collaborative governance5 cited
    • 2025The gift of mobility: Transfer networks of local decision‐makers and interlocal collaboration4 cited