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Tax avoidance, corporate governance, and corporate social responsibility: the case of the Egyptian capital market

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Tax avoidance, corporate governance, and corporate social responsibility: the case of the Egyptian capital market. / AbdelFattah, Tarek Mohamed Hassan; Aboud, Ahmed.

In: Journal of International Accounting, Auditing and Taxation, 27.02.2020.

Research output: Contribution to journalArticlepeer-review

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@article{b2b7256889d142ea952341399c23e67b,
title = "Tax avoidance, corporate governance, and corporate social responsibility: the case of the Egyptian capital market",
abstract = "This paper examines the relationship between tax avoidance, corporate governance, and corporate social responsibility (CSR) disclosure. It also investigates the effect of CSR on stock market returns. Using a sample of Egyptian firms for the period 2007–2016, we provide robust new evidence that corporate tax avoidance is positively associated with CSR disclosure. We find evidence that businesses with a more sophisticated board of directors, measured by the presence of family or foreign members, provide more CSR disclosure. Finally, the findings of this study indicate that firms making higher CSR disclosures have greater stock returns, suggesting that CSR is value-enhancing. These findings have important implications for capital markets{\textquoteright} users and policymaker in emerging economies.",
keywords = "Corporate Social Responsibility, Tax avoidance, Corporate Governance, Egypt, embargoover12",
author = "AbdelFattah, {Tarek Mohamed Hassan} and Ahmed Aboud",
year = "2020",
month = feb,
day = "27",
doi = "10.1016/j.intaccaudtax.2020.100304",
language = "English",
journal = "Journal of International Accounting, Auditing and Taxation",
issn = "1061-9518",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Tax avoidance, corporate governance, and corporate social responsibility: the case of the Egyptian capital market

AU - AbdelFattah, Tarek Mohamed Hassan

AU - Aboud, Ahmed

PY - 2020/2/27

Y1 - 2020/2/27

N2 - This paper examines the relationship between tax avoidance, corporate governance, and corporate social responsibility (CSR) disclosure. It also investigates the effect of CSR on stock market returns. Using a sample of Egyptian firms for the period 2007–2016, we provide robust new evidence that corporate tax avoidance is positively associated with CSR disclosure. We find evidence that businesses with a more sophisticated board of directors, measured by the presence of family or foreign members, provide more CSR disclosure. Finally, the findings of this study indicate that firms making higher CSR disclosures have greater stock returns, suggesting that CSR is value-enhancing. These findings have important implications for capital markets’ users and policymaker in emerging economies.

AB - This paper examines the relationship between tax avoidance, corporate governance, and corporate social responsibility (CSR) disclosure. It also investigates the effect of CSR on stock market returns. Using a sample of Egyptian firms for the period 2007–2016, we provide robust new evidence that corporate tax avoidance is positively associated with CSR disclosure. We find evidence that businesses with a more sophisticated board of directors, measured by the presence of family or foreign members, provide more CSR disclosure. Finally, the findings of this study indicate that firms making higher CSR disclosures have greater stock returns, suggesting that CSR is value-enhancing. These findings have important implications for capital markets’ users and policymaker in emerging economies.

KW - Corporate Social Responsibility

KW - Tax avoidance

KW - Corporate Governance

KW - Egypt

KW - embargoover12

U2 - 10.1016/j.intaccaudtax.2020.100304

DO - 10.1016/j.intaccaudtax.2020.100304

M3 - Article

JO - Journal of International Accounting, Auditing and Taxation

JF - Journal of International Accounting, Auditing and Taxation

SN - 1061-9518

ER -

ID: 19673980