Three essays in accounting
Authors
Teng, Haimeng
ORCID
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Other Contributors
Wu, Qiang
Francis, Bill
Hasan, Iftekhar
Maharjan, Johan
Francis, Bill
Hasan, Iftekhar
Maharjan, Johan
Issue Date
2019-08
Keywords
Management
Degree
PhD
Terms of Use
This electronic version is a licensed copy owned by Rensselaer Polytechnic Institute, Troy, NY. Copyright of original work retained by author.
Full Citation
Abstract
In chapter three, I find that foreign institutional investors (FIIs) are negatively associated with their investee firms’ tax avoidance. I provide evidence that the effect is driven by the costs associated with institutional distance between FIIs’ home countries and host countries. Specifically, I find that the negative effect is driven by the influence of FIIs from countries with high-quality formal institutions (i.e., high-shareholder-protection, high-government-effectiveness, and high-regulatory-quality) / high-quality informal institutions (i.e., high-tax-morality, low-corruption, and high-religiosity) on investee firms located in countries with low-quality formal institutions/low-quality informal institutions. Finally, I show that the effect is also concentrated on FIIs with stronger monitoring incentives.
Description
August 2019
School of Management
School of Management
Department
Lally School of Management
Publisher
Rensselaer Polytechnic Institute, Troy, NY
Relationships
Rensselaer Theses and Dissertations Online Collection
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