چکیده مقاله
This study investigates the relationship between tax avoidance and the cost of debt, with a specific focus on the moderating effects of ownership structure in firms listed on the Tehran Stock Exchange Using panel data from 164 publicly traded firms over the period 2017 to 2023, we examine whether institutional and managerial ownership influence how tax avoidance strategies affect debt financing costs Three regression models are employed to assess the direct and interaction effects of tax avoidance, debt cost, and ownership variables The results reveal a significant and positive association between tax avoidance and debt cost Moreover, institutional ownership amplifies this relationship, indicating that firms with higher institutional shareholdings may experience increased debt costs when engaging in aggressive tax planning Conversely, managerial ownership appears to mitigate this effect, suggesting that managerial alignment with firm performance may reduce the negative perceptions of tax avoidance by creditors These findings provide important insights for corporate policymakers and investors, highlighting the complex role of ownership composition in shaping financial policy outcomes
کلیدواژهها
نویسندگان
Hossin Fattahi
Islamic Azad University of Somesara Branch
شیوه ارجاع
Fattahi, Hossin,1404,Tax Avoidance and Debt Cost: The Moderating Effect of Ownership Composition,10th International Conference on New ideas in Management, Economics, Accounting and banking
ارائهشده در
مجموعه مقالات دهمین کنفرانس بین المللی ایده های نوین در مدیریت، اقتصاد، حسابداری و بانکداری30 مرداد 1404