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ToolsHasan, Arshad, Anwar, Waqas, Zhang, Joseph H. and Marques, Ana (2025) Corporate tax avoidance and narrative disclosure tone: A developing country perspective. Meditari Accountancy Research, 33 (1). pp. 114-143. ISSN 2049-372X
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Abstract
Purpose: This study aims to examine the link between tax avoidance, corporate governance and narrative disclosure tone using a sample of public companies in Pakistan. Design/methodology/approach: Data for 125 companies listed on the Pakistan Stock Exchange (PSX) are collected over 10 years from 2011 to 2020. Sentiment analysis is conducted to determine the disclosure tone, and regression analysis is used to test the association between the variables. Findings: This paper finds that firms that engage in tax avoidance tend to use a more positive disclosure tone and are more likely to engage in impression management. Moreover, promoting sound governance through board independence and gender diversity is associated with a less positive disclosure tone. However, firms with more family board members and higher foreign ownership are more likely to use a more positive disclosure tone. Practical implications: Regulators can use this information to develop better guidelines to protect investors and ensure faithful disclosures to address both positive and negative news. Originality/value: The study contributes to the literature by examining corporate tax avoidance as a determinant of narrative disclosure tone, a relationship that has not been widely explored. Moreover, as most disclosure tone research has been conducted in developed countries, this paper provides valuable evidence from a developing country.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | board characteristics,corporate governance,narrative disclosure tone,ownership structure,pakistan,tax avoidance,accounting,economics, econometrics and finance (miscellaneous) ,/dk/atira/pure/subjectarea/asjc/1400/1402 |
| Faculty \ School: | Faculty of Social Sciences > Norwich Business School |
| UEA Research Groups: | Faculty of Social Sciences > Research Groups > Accounting & Quantitative Methods |
| Related URLs: | |
| Depositing User: | LivePure Connector |
| Date Deposited: | 14 Apr 2025 14:30 |
| Last Modified: | 24 Apr 2025 14:30 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/99027 |
| DOI: | 10.1108/MEDAR-01-2024-2314 |
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