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

Publikation: Bidrag til tidsskriftLetterForskningfagfællebedømt

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.
TidsskriftEconomics Letters
Sider (fra-til)120-122
StatusUdgivet - 2016

ID: 162415773