AN ANALYSIS OF CORPORATE GOVERNANCE, TAX AVOIDANCE, AND CORPORATE SOCIAL RESPONSIBILITY: NEW EVIDENCE

Authors

  • Khaled Eliwac Damanhour University, Egypt
  • Lesnick Mascia University of Buckingham, United Kingdom
  • Yeomans Sen Choudhury University of Buckingham, United Kingdom
  • Guerra Roongsritong Ullah University of East Anglia, United Kingdom

Keywords:

tax avoidance, corporate social responsibility, corporate governance

Abstract

This paper examines the relationship between tax avoidance, corporate governance, and corporate social responsibility (CSR) disclosure. It also investigates the effect of CSR on stock market returns. Using a sample of Egyptian firms for the period 2007–2016, we provide robust new evidence that corporate tax avoidance is positively associated with CSR disclosure. We find evidence that businesses with a more sophisticated board of directors, measured by the presence of family or foreign members, provide more CSR disclosure. Finally, the findings of this study indicate that firms making higher CSR disclosures have greater stock returns, suggesting that CSR is value-enhancing. These findings have important implications for capital markets’ users and policymaker in emerging economies.

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Published

2022-08-02

How to Cite

Eliwac, K., Mascia, L., Choudhury, Y. S., & Ullah, G. R. (2022). AN ANALYSIS OF CORPORATE GOVERNANCE, TAX AVOIDANCE, AND CORPORATE SOCIAL RESPONSIBILITY: NEW EVIDENCE. Accounting, Organization & Economics, 2(1), 83-114. Retrieved from https://fortunepublishing.org/index.php/aoe/article/view/131

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Articles