Tax avoidance and corporate transparency on valuation of Philippine conglomerates and single-entities

Date of Publication

2014

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Adviser

Florenz C.Tugas

Defense Panel Member

Aeson C. Dela Cruz

Alger C. Tang

Alloysius S. Paril

Abstract/Summary

Tax avoidance has been widely practiced by corporations to reduce the additional burden the government imposes so as to enhance firm value. However, the presence of agency problems may lead managers to cover rent extraction. To mitigate this conflict, corporate transparency plays an important role to determine the effect of which on the firm value. The study explored the extent of the difference in the level of tax avoidance and corporate transparency among conglomerates and single-entities. The impact of tax avoidance and corporate transparency on firm valuation were assessed in terms of the level of diversification. Based on our t-test results, the level of corporate transparency is significantly different between conglomerates and single-entities, while the level of tax avoidance does not differ. As to the diversification of industry, both measures have no significant effect on firm valuation. However, corporate transparency measures are found to have effects on firm value and to the number of industries. From the results of the study, this contributes to various users as there are factors that influence the valuation of shareholders wealth through the legitimacy of corporate disclosures.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU18876

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

vi, 94 leaves ; 28 cm. + ; 1 computer optical disc.

Keywords

Tax planning--Philippines; Taxation--Law and legislation--Philippines

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