CORPORATE GOVERNANCE AND TAX AGGRESSIVENESS: EVIDENCE FROM MALAYSIA
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Date
2011
Authors
NIK AB RAHMAN, NIK NORHASLINDA
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Abstract
This study examines the extent of tax aggressiveness and its relationship to corporate
governance mechanism. Five established corporate governance mechanism are examined in
this study consist of duality, board independence, board size, institutional investors and
externa] auditor. This study was conducted based on annual report of Malaysian Firm listed
on the main board of Bursa Malaysia from year 2000 to 2009 consist of 2376 firm-year
observations. Tax aggressiveness was identified using the firm's effective tax rates (ETR). It
is expected that corporate governance mechanism negatively related to tax aggressiveness.
Consistent with the prediction, the regression analysis provides significant evidence that
board size and institutional investors are negatively related to tax aggressiveness. Other
variables (duality, board independence and external auditors) not appear as the factor
influencing tax aggressiveness in this study.
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Keywords
CORPORATE GOVERNANCE AND TAX AGGRESSIVENESS