https://isiarticles.com/bundles/Article/pre/pdf/41674.pdf

Foreign investors' interests and corporate tax avoidance: Evidence from an emerging economy

We provide evidence that democracy has a significant and robust positive effect on GDP per capita. Our empirical strategy controls for country fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. To reduce measurement error, we introduce a new dichotomous measure of democracy that consolidates the information from several sources. Our baseline results use a dynamic panel model for GDP, and show that democratizations increase GDP per capita by about 20% in the long run. We find similar effects of democratizations on annual GDP when we control for the estimated propensity of a country to democratize based on past GDP dynamics. We obtain comparable estimates when we instrument democracy using regional waves of democratizations and reversals. Our results suggest that democracy increases GDP by encouraging investment, increasing schooling, inducing economic reforms, improving the provision of public goods, and reducing social unrest. We find little support for the view that democracy is a constraint on economic growth for less developed economies.

Democracy Does Cause Growth

Using a recent IMF survey and expanding on previous studies, we document the use of macroprudential policies for 119 countries over the 2000-13 period, covering many instruments. Emerging economies use macroprudential policies most frequently, especially foreign exchange related ones, while advanced countries use borrower-based policies more. Usage is generally associated with lower growth in credit, notably in household credit. Effects are less in financially more developed and open economies, however, and usage comes with greater cross-border borrowing, suggesting some avoidance. And while macroprudential policies can help manage financial cycles, they work less well in busts.

https://papers.ssrn.com/sol3/Delivery.cfm/wp1561.pdf?abstractid=2594144&type=2

The Use and Effectiveness of Macroprudential Policies: New Evidence

Dealing with endogeneity bias: The generalized method of moments (GMM) for panel data

http://docs.dises.univpm.it/web/quaderni/pdfmofir/Mofir065.pdf

Public debt and economic growth: Is there a causal effect?

/pdf/corporate-ownership-governance-and-tax-avoidance-an-545udqej37.pdf

Corporate Ownership, Governance and Tax Avoidance: An Interactive Effects☆

The prevalence of tax avoidance practices has necessitated several efforts in understanding the determinants of the menace. While these efforts are highly commendable, the studies so far lack the proper construct for measuring the term ‘corporate tax avoidance’. This has posed some limitations to the interpretation of research findings in this respect. To this end, Hanlon and Heitzman (2010) proposed a measure for the conforming tax avoidance, which has not receivedany empirical investigation. The objective of this study, therefore, is to provide empirical evidence for or against the proposed measure. To achieve this objective, three established measures were compared with the proposed measure using the annual reports of the Malaysian top 100 companies based on FTSE tradable index. The results of the ANOVA and post hoc test show the proposed measure to be statistically and significantly different at 5%. The finding of the study is of great relevance for proper interpretation of research findings, especially within the context of the study.

Measures of corporate tax avoidance: empirical evidence from an emerging economy

While there have been substantial improvements in the performance of Government-linked Companies 
(GLCs) in Malaysia in the recent past, their tax planning activities remain a mystery. With government 
supports, GLCs seem to benefit more from tax avoidance practices. Given this, and in line with the call 
on investigating the role of government ownership in corporate tax planning by Hanlon and Heitzman 
(2010), this study investigates the influence of substantial government ownership on corporate tax 
avoidance. The data for the investigation came from the top 100 Malaysian companies based on FTSE 
tradable index over a three-year financial period. The results of the system GMM estimation of the 
dynamic panel data models using four similar measures of tax avoidance show an inconclusive 
finding. The relationship between government ownership and corporate tax avoidance is documented 
for only two of the measures. A further qualitative enquiry through personal interview sessions with 
ten tax auditors of IRBM was conducted to better understand the scenario. The results of the analysis 
of responses show a similar inconclusive finding. It was therefore concluded that Malaysian GLCs are 
somehow complex in tax related matters. Following this conclusion, GLCs in Malaysia need to be 
more transparent in tax compliance matters to restore the public confidence

Government ownership and corporate tax avoidance: empirical evidence from Malaysia

The conventional wisdom of the obsoleteness of traditional management accounting tools and appropriateness of the contemporary ones has not been empirically established Several studies have been conducted to ascertain the reasons for such unexpected findings However, these studies are majorly survey based approaches and there are calls for more rigorous qualitative investigations This study answers these calls by qualitatively investigating the management accounting practices of ten companies listed on Bursa Malaysia These companies comprised of foreign and local ones, and also large and small ones The use of both tools was documented in all the sampled companies One major reason for this, unveiled in this study, is non-suitability of most of contemporary tools given the environment where they developed It was recommended that the contemporary tools be implemented using cautious steps of adaptation rather that direct adoption

Ibrahim Aramide Salihu

Papers

Foreign investors' interests and corporate tax avoidance: Evidence from an emerging economy

Corporate Ownership, Governance and Tax Avoidance: An Interactive Effects☆

Measures of corporate tax avoidance: empirical evidence from an emerging economy

Government ownership and corporate tax avoidance: empirical evidence from Malaysia

Management accounting practices in Malaysia: a qualitative enquiry