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Article: Labor unions and tax aggressiveness

TitleLabor unions and tax aggressiveness
Authors
KeywordsLabor union
Tax aggressiveness
Issue Date2013
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jfec
Citation
Journal Of Financial Economics, 2013, v. 108 n. 3, p. 675-698 How to Cite?
AbstractWe examine the impact of unionization on firms' tax aggressiveness. We find a negative association between firms' tax aggressiveness and union power and a decrease in tax aggressiveness after labor union election wins. This relation is consistent with labor unions influencing managers' in one, or both, of two ways: (1) constraining managers' ability to invest in tax aggressiveness through increased monitoring; or (2) decreasing returns to tax aggressiveness that arise from unions' rent seeking behavior. We also find preliminary evidence that the market expects these reductions around union elections and discounts firms that likely add shareholder value via aggressive tax strategies. © 2013 Elsevier B.V.
Persistent Identifierhttp://hdl.handle.net/10722/183177
ISSN
2015 Impact Factor: 3.541
2015 SCImago Journal Rankings: 9.920
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChyz, JAen_HK
dc.contributor.authorLeung, WSCen_HK
dc.contributor.authorZhen Li, Oen_HK
dc.contributor.authorMeng Rui, Oen_HK
dc.date.accessioned2013-05-15T01:46:57Z-
dc.date.available2013-05-15T01:46:57Z-
dc.date.issued2013en_HK
dc.identifier.citationJournal Of Financial Economics, 2013, v. 108 n. 3, p. 675-698en_HK
dc.identifier.issn0304-405Xen_HK
dc.identifier.urihttp://hdl.handle.net/10722/183177-
dc.description.abstractWe examine the impact of unionization on firms' tax aggressiveness. We find a negative association between firms' tax aggressiveness and union power and a decrease in tax aggressiveness after labor union election wins. This relation is consistent with labor unions influencing managers' in one, or both, of two ways: (1) constraining managers' ability to invest in tax aggressiveness through increased monitoring; or (2) decreasing returns to tax aggressiveness that arise from unions' rent seeking behavior. We also find preliminary evidence that the market expects these reductions around union elections and discounts firms that likely add shareholder value via aggressive tax strategies. © 2013 Elsevier B.V.en_HK
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jfecen_HK
dc.relation.ispartofJournal of Financial Economicsen_HK
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in Journal of Financial Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Financial Economics, [VOL 108, ISSUE 3, 2013] DOI 10.1016/j.jfineco.2013.01.012en_US
dc.subjectLabor unionen_HK
dc.subjectTax aggressivenessen_HK
dc.titleLabor unions and tax aggressivenessen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0304-405X&volume=108&spage=675&epage=698&date=2013&atitle=Labor+unions+and+tax+aggressivenessen_US
dc.identifier.emailChing Leung, WS: leungwin@hku.hken_HK
dc.identifier.authorityChing Leung, WS=rp01767en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.jfineco.2013.01.012en_HK
dc.identifier.scopuseid_2-s2.0-84877594991en_HK
dc.identifier.hkuros214379en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-84877594991&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume108en_HK
dc.identifier.issue3en_HK
dc.identifier.spage675en_HK
dc.identifier.epage698en_HK
dc.identifier.isiWOS:000319368600007-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridChyz, JA=55614013800en_HK
dc.identifier.scopusauthoridChing Leung, WS=55615032400en_HK
dc.identifier.scopusauthoridZhen Li, O=6504312578en_HK
dc.identifier.scopusauthoridMeng Rui, O=15722507300en_HK

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