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Earnings, institutional investors, tax avoidance, and firm value: Evidence from Taiwan

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  • Chang, Ling-Ling
  • Hsiao, Fujen Daniel
  • Tsai, Yann-Ching

Abstract

This study examines the valuation of earnings from China and Taiwan by foreign and domestic institutional investors across a sample of Taiwanese electronics firms. We further compare the valuation of firm earnings reported in tax havens and non-tax havens, and whether these firms have changed tax avoidance activities since 2004 when the Taiwanese government enacted stricter auditing of transfer pricing regulation.

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  • Chang, Ling-Ling & Hsiao, Fujen Daniel & Tsai, Yann-Ching, 2013. "Earnings, institutional investors, tax avoidance, and firm value: Evidence from Taiwan," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 22(2), pages 98-108.
    • Handle: RePEc:eee:jiaata:v:22:y:2013:i:2:p:98-108
    DOI: 10.1016/j.intaccaudtax.2013.07.001
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