The Impact of Corporate Income Tax Planning on Firm Value : An Empirical Evidence from Listed Companies in Thailand
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Abstract
This study aims to investigate the effect of corporate income tax planning on firm value during the year 2014-2016. The sample comprises of 873 firm-years. Corporate income tax planning was measured by effective tax rate (ETR) and the ratio of corporate income tax to total assets (TAX/ASSET). The firm value was measured by Tobin’s Q. Data analysis used multiple regression analysis. The paper found that corporate income tax planning had negative effects on firm value, especially, companies that did not employ BIG4 auditing firms. Regarding control variable, the study found that firm size had negative effects on firm value. However, leverage, profitability and capital intensity had positive effects on firm value. The findings provide guideline for listed firms in managing capital and resources more efficiently.
Article Details
The article must be considered and accepted for publication by the editorial board of the Faculty of Management Science, Lampang Rajabhat University. The articles have been reviewed by a peer (peer review) and the author must update according to the suggestion if available before publication. Articles that are not considered the editorial team will inform the results of the consideration but will not send the original to the author.
JMMS is the Faculty of Management Science journal, Lampang Rajabhat University. Jmms published both print and online editions. We allow the use of articles for academic use under the scope of copyright law.
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