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- Publisher Website: 10.1016/j.jfineco.2013.01.012
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Article: Labor unions and tax aggressiveness
Title | Labor unions and tax aggressiveness |
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Authors | |
Keywords | Labor union Tax aggressiveness |
Issue Date | 2013 |
Publisher | Elsevier 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? |
Abstract | We 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 Identifier | http://hdl.handle.net/10722/183177 |
ISSN | 2023 Impact Factor: 10.4 2023 SCImago Journal Rankings: 13.655 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
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dc.contributor.author | Chyz, JA | en_HK |
dc.contributor.author | Leung, WSC | en_HK |
dc.contributor.author | Zhen Li, O | en_HK |
dc.contributor.author | Meng Rui, O | en_HK |
dc.date.accessioned | 2013-05-15T01:46:57Z | - |
dc.date.available | 2013-05-15T01:46:57Z | - |
dc.date.issued | 2013 | en_HK |
dc.identifier.citation | Journal Of Financial Economics, 2013, v. 108 n. 3, p. 675-698 | en_HK |
dc.identifier.issn | 0304-405X | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/183177 | - |
dc.description.abstract | We 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.language | eng | en_US |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jfec | en_HK |
dc.relation.ispartof | Journal of Financial Economics | en_HK |
dc.rights | NOTICE: 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.2013.01.012 | en_US |
dc.subject | Labor union | en_HK |
dc.subject | Tax aggressiveness | en_HK |
dc.title | Labor unions and tax aggressiveness | en_HK |
dc.type | Article | en_HK |
dc.identifier.openurl | http://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0304-405X&volume=108&spage=675&epage=698&date=2013&atitle=Labor+unions+and+tax+aggressiveness | en_US |
dc.identifier.email | Ching Leung, WS: leungwin@hku.hk | en_HK |
dc.identifier.authority | Ching Leung, WS=rp01767 | en_HK |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.jfineco.2013.01.012 | en_HK |
dc.identifier.scopus | eid_2-s2.0-84877594991 | en_HK |
dc.identifier.hkuros | 214379 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-84877594991&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 108 | en_HK |
dc.identifier.issue | 3 | en_HK |
dc.identifier.spage | 675 | en_HK |
dc.identifier.epage | 698 | en_HK |
dc.identifier.isi | WOS:000319368600007 | - |
dc.publisher.place | Netherlands | en_HK |
dc.identifier.scopusauthorid | Chyz, JA=55614013800 | en_HK |
dc.identifier.scopusauthorid | Ching Leung, WS=55615032400 | en_HK |
dc.identifier.scopusauthorid | Zhen Li, O=6504312578 | en_HK |
dc.identifier.scopusauthorid | Meng Rui, O=15722507300 | en_HK |
dc.identifier.issnl | 0304-405X | - |