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CORPORATE TAX AVOIDANCE AND STOCK PRICE CRASH RISK: EVIDENCE FROM VIETNAM (Đề tài Sinh viên NCKH)

CORPORATE TAX AVOIDANCE AND STOCK PRICE CRASH RISK: EVIDENCE FROM VIETNAM (Đề tài Sinh viên NCKH)

MÃ ĐỀ TÀI: KTQL 07

CORPORATE TAX AVOIDANCE AND STOCK PRICE CRASH RISK: EVIDENCE FROM VIETNAM

Sinh viên:

Đặng Ngọc Khuê    –  Kế toán 2 – K60

Nguyễn Thị Hiền     –  Kế toán 2 – K60

Nguyễn Văn Khiêm –  Kế toán 2 – K60

Giáo viên hướng dẫn:

TS. Thái Minh Hạnh - Viện Kinh tế và Quản lý

 

Recently, tax avoidance is becoming a matter of concern for researchers around the world. There has been much controversy about whether or not tax avoidance affects future stock price crash risk. However, there is currently no research on this issue in Vietnam. By using the number of reasonable samples of Companies listed on the Stock Exchange Vietnam for the period 2011-2018 with building arguments and reliable evidence, our findings are consistent with the following view: tax avoidance activities facilitate managerial rent diversion and bad news hoarding behaviors for an extended period, which increases the probability of future stock price crash risk. However, we also find that in Vietnam the more tax the paid, the more likely for the firms to crash. Thus, we theorize that in Vietnam, tax manipulation is the cause of future crash risk. Results of this study not only help us understand the relationship between tax avoidance and future stock price crash risk in Vietnam but also brings implications for stock market and policymakers.

Keywords: tax avoidance, bad news, stock price crash risk, Vietnam

Chi tiết: tại đây

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