Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/164063
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dc.contributor.authorChen, Taoen_US
dc.contributor.authorLin, Chenen_US
dc.contributor.authorShao, Xiangen_US
dc.date.accessioned2023-01-04T01:30:34Z-
dc.date.available2023-01-04T01:30:34Z-
dc.date.issued2022-
dc.identifier.citationChen, T., Lin, C. & Shao, X. (2022). Globalization and U.S. corporate tax policies: evidence from import competition. Management Science, 68(8), 6145-6162. https://dx.doi.org/10.1287/mnsc.2021.4121en_US
dc.identifier.issn0025-1909en_US
dc.identifier.urihttps://hdl.handle.net/10356/164063-
dc.description.abstractThis paper studies how globalization affects the corporate tax policies of U.S. manufacturing firms. Using U.S.-granting China Permanent Normal Trade Relations as a quasi-natural experiment, we find a significant increase in tax reduction activities for firms facing higher exposure to Chinese imports. The effect is more pronounced for firms with higher managerial slack. We also find that the effect is stronger for firms in less diversified products market and faster changing industries. We also show that U.S. firms facing higher Chinese import competition are more likely to engage in other tax-motivated activities: acquisition of subsidiaries in low-tax regions and suspected transfer pricing. Furthermore, we explore the 2017 tax cut and the recent U.S.-China trade dispute and find that firms engage less in tax reduction activities after the 2017 tax cut and after the tariff increase for Chinese imports.en_US
dc.description.sponsorshipMinistry of Education (MOE)en_US
dc.description.sponsorshipNanyang Technological Universityen_US
dc.language.isoenen_US
dc.relationM4081437.010en_US
dc.relationRG166/18en_US
dc.relation.ispartofManagement Scienceen_US
dc.rights© 2021 INFORMS. All rights reserved.en_US
dc.subjectBusiness::Financeen_US
dc.titleGlobalization and U.S. corporate tax policies: evidence from import competitionen_US
dc.typeJournal Articleen
dc.contributor.schoolNanyang Business Schoolen_US
dc.identifier.doi10.1287/mnsc.2021.4121-
dc.identifier.scopus2-s2.0-85137869137-
dc.identifier.issue8en_US
dc.identifier.volume68en_US
dc.identifier.spage6145en_US
dc.identifier.epage6162en_US
dc.subject.keywordsGlobalizationen_US
dc.subject.keywordsTax Planningen_US
dc.description.acknowledgementThe authors gratefully acknowledge the financial support from the Research Grants Council of Hong Kong [Project T35-710/20-R], Nanyang Technological University [Project M4081437.010], the Singapore Ministry of Education Academic Research Fund [No. RG166/18], National Natural Science Foundation of China [Grants 71772078 and 71972089], Shanghai Pujiang Talent Program [Grant 13PJC009], and The Fudan-Latin America University Consortium[Grant FLAUCIDEALABMXPE2005].en_US
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item.fulltextNo Fulltext-
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