Tax and leverage: evidence from china
WebApr 1, 2024 · The value-added tax reform in China can be used as a natural experiment to examine its effects on firm leverage. • Firms’ leverage ratio declined sharply after the VAT … WebNov 21, 2024 · IntroductionBased on the context of the implementation of China’s comprehensive deleveraging policy, this study explores the impact of firm strategic differentiation on the emergence of leverage manipulation behavior.MethodologyThe A-share listed firms in Shanghai and Shenzhen from 2007 to 2024 were used as the …
Tax and leverage: evidence from china
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WebFeb 25, 2024 · The objective of this paper is to examine the relationship between intellectual capital (IC) and firms’ financial leverage by exploring whether firm profitability mediates this relationship, using a dataset of Chinese agricultural listed companies during the period of 2014–2024. Financial leverage is measured by the debt-to-asset ratio, … WebApr 13, 2024 · The next step is to compare your current CAM statement with the previous ones and look for any significant changes or errors. For example, you should check if the CAM charges have increased more ...
WebThe effect of value-added tax on leverage: Evidence from China’s value-added tax reform. Jingxian Zou, Guangjun Shen and Yaxian Gong. China Economic Review, 2024, vol. 54, … WebJun 30, 2024 · China's local government debt financing has been expanded aggressively to support infrastructure investment, especially since the enactment of four-trillion-yuan stimulus plan to stimulate the economy post global financial crisis. At the same time, the rapid increase of firm-level leverage ratio of state-owned enterprises (SOEs) and the …
WebApr 14, 2024 · According to the data of key tax source enterprises monitored by the STA, the tax burden of manufacturing enterprises in 2024 decreased by 23.3% compared with … WebJan 2, 2024 · Courses taught: Income Tax (Law & Practice), Financial and Corporate Accounting, Practical Auditing, Business Organization & Management Show less Lecturer, Department of Commerce
WebUsing a similar identification strategy as in Heider & Ljungqvist (2015), our paper first provides evidence of the tax-leverage nexus in China using tax policy changes over 12 years, including 2,316 tax increases and 2,189 tax …
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