The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards

Publikation: Bidrag til tidsskrift › Letter › Forskning › fagfællebedømt

Standard

The Power of Financial Transparency : An Event Study of Country-by-Country Reporting Standards. / Johannesen, Niels; Larsen, Dan .

I: Economics Letters, Bind 145, 2016, s. 120-122.

Publikation: Bidrag til tidsskrift › Letter › Forskning › fagfællebedømt

Harvard

Johannesen, N & Larsen, D 2016, 'The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards', Economics Letters, bind 145, s. 120-122. https://doi.org/10.1016/j.econlet.2016.05.029

APA

Johannesen, N., & Larsen, D. (2016). The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards. Economics Letters, 145, 120-122. https://doi.org/10.1016/j.econlet.2016.05.029

Vancouver

Johannesen N, Larsen D. The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards. Economics Letters. 2016;145:120-122. https://doi.org/10.1016/j.econlet.2016.05.029

Author

Johannesen, Niels ; Larsen, Dan . / The Power of Financial Transparency : An Event Study of Country-by-Country Reporting Standards. I: Economics Letters. 2016 ; Bind 145. s. 120-122.

Bibtex

@article{a7d39cf8557240fa910e7322ecf85dbe,
title = "The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards",
abstract = "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.",
keywords = "Faculty of Social Sciences, Tax evasion, Profit shifting, Multinational firms, Country-by-country reporting, Developing countries, Financial transparency, H25, H26",
author = "Niels Johannesen and Dan Larsen",
year = "2016",
doi = "10.1016/j.econlet.2016.05.029",
language = "English",
volume = "145",
pages = "120--122",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",

}

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