The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards
Research output: Contribution to journal › Letter › Research › peer-review
Standard
The Power of Financial Transparency : An Event Study of Country-by-Country Reporting Standards. / Johannesen, Niels; Larsen, Dan .
In: Economics Letters, Vol. 145, 2016, p. 120-122.Research output: Contribution to journal › Letter › Research › peer-review
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - The Power of Financial Transparency
T2 - An Event Study of Country-by-Country Reporting Standards
AU - Johannesen, Niels
AU - Larsen, Dan
PY - 2016
Y1 - 2016
N2 - We show that recent European legislation requiring oil, gas and mining companies to disclose their tax payments on a country-by-country basis was associated with significant decreases in firm value. This suggests that tax evasion creates considerable rents for firms in extractive industries and that disclosure rules have the potential to reduce these rents.
AB - We show that recent European legislation requiring oil, gas and mining companies to disclose their tax payments on a country-by-country basis was associated with significant decreases in firm value. This suggests that tax evasion creates considerable rents for firms in extractive industries and that disclosure rules have the potential to reduce these rents.
KW - Faculty of Social Sciences
KW - Tax evasion
KW - Profit shifting
KW - Multinational firms
KW - Country-by-country reporting
KW - Developing countries
KW - Financial transparency
KW - H25
KW - H26
U2 - 10.1016/j.econlet.2016.05.029
DO - 10.1016/j.econlet.2016.05.029
M3 - Letter
VL - 145
SP - 120
EP - 122
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
ER -
ID: 162415773