TAX PAYMENTS DETERMINANTS IN ROMANIA
Using a fixed effects panel data estimation model in order to account for individual firm heterogeneity, the paper investigates the determinants of corporate tax payments for Romanian non-financial companies listed at Bucharest Stock Exchange over twelve years period (2000 – 2011), adopting a new ap...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2015-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2015/n1/085.pdf |
| _version_ | 1811228785261936640 |
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| author | Lazar Sebastian |
| author_facet | Lazar Sebastian |
| author_sort | Lazar Sebastian |
| collection | DOAJ |
| description | Using a fixed effects panel data estimation model in order to account for individual firm heterogeneity, the paper investigates the determinants of corporate tax payments for Romanian non-financial companies listed at Bucharest Stock Exchange over twelve years period (2000 – 2011), adopting a new approach, the natural logarithms of corporate income taxes actually paid as dependent variable. This removes the inherent flaws of firm specific effective tax rates, while establishing a more comparable field for subsequent similar research. All the determinants investigated were found as having an impact, albeit at different level of significance. Capital intensity, leverage and labour intensity were found as having a negative effect, while profitability and size have a positive impact. The findings correspond in general to conventional theory. Moreover, the paper produces evidence concerning the impact of loss carry-forward provisions on firm tax payments. |
| first_indexed | 2024-04-12T10:02:19Z |
| format | Article |
| id | doaj.art-c0e16a869e1341dbbdf41a623211f70c |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-04-12T10:02:19Z |
| publishDate | 2015-07-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-c0e16a869e1341dbbdf41a623211f70c2022-12-22T03:37:31ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502015-07-01251749756TAX PAYMENTS DETERMINANTS IN ROMANIALazar SebastianUsing a fixed effects panel data estimation model in order to account for individual firm heterogeneity, the paper investigates the determinants of corporate tax payments for Romanian non-financial companies listed at Bucharest Stock Exchange over twelve years period (2000 – 2011), adopting a new approach, the natural logarithms of corporate income taxes actually paid as dependent variable. This removes the inherent flaws of firm specific effective tax rates, while establishing a more comparable field for subsequent similar research. All the determinants investigated were found as having an impact, albeit at different level of significance. Capital intensity, leverage and labour intensity were found as having a negative effect, while profitability and size have a positive impact. The findings correspond in general to conventional theory. Moreover, the paper produces evidence concerning the impact of loss carry-forward provisions on firm tax payments.http://anale.steconomiceuoradea.ro/volume/2015/n1/085.pdftax payments, determinants |
| spellingShingle | Lazar Sebastian TAX PAYMENTS DETERMINANTS IN ROMANIA Annals of the University of Oradea: Economic Science tax payments, determinants |
| title | TAX PAYMENTS DETERMINANTS IN ROMANIA |
| title_full | TAX PAYMENTS DETERMINANTS IN ROMANIA |
| title_fullStr | TAX PAYMENTS DETERMINANTS IN ROMANIA |
| title_full_unstemmed | TAX PAYMENTS DETERMINANTS IN ROMANIA |
| title_short | TAX PAYMENTS DETERMINANTS IN ROMANIA |
| title_sort | tax payments determinants in romania |
| topic | tax payments, determinants |
| url | http://anale.steconomiceuoradea.ro/volume/2015/n1/085.pdf |
| work_keys_str_mv | AT lazarsebastian taxpaymentsdeterminantsinromania |