Three essays in accounting
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Authors
Teng, Haimeng
Issue Date
2019-08
Type
Electronic thesis
Thesis
Thesis
Language
ENG
Keywords
Management
Alternative Title
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
Full Citation
Publisher
Rensselaer Polytechnic Institute, Troy, NY