search query: @author Desai, M.A. / total: 7
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| Author: | Desai, M.A. Dharmapala, D. |
| Title: | Corporate tax avoidance and high-powered incentives |
| Journal: | Journal of Financial Economics
2006 : FEB, VOL. 79:2, p. 145-179 |
| Index terms: | corporate governance incentives stock options tax avoidance tax evasion |
| Language: | eng |
| Abstract: | This article examines the relationship between the growth of incentives such as stock options for managers and corporate tax avoidance. The authors develop a model to demonstrate how incentives influence managements tax sheltering decisions. Corporate tax avoidance is measured with the book-tax gap not attributable to accounting accruals. This allows the link between tax avoidance and incentive compensation to be investigated. The results suggest that increases in incentive compensation tend to reduce the level of tax sheltering. |
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