Tax Avoidance, Corporate Governance and Corporate Social Responsibility (Evidence from GCC countries)

Articles in Press

Authors

1 ESCT, University of Manouba, Larimraf, Tunisia

2 Higher Institute of Business Administration of Gafsa, University of Gafsa, Gafsa, Tunisia

Abstract

The primary goal of this research is to provide light on the link between corporate governance, tax avoidance, and corporate social responsibility disclosure, respectively. The current study makes use of a one-of-a-kind set of datasets of 172 banks from GCC countries from 2005 to 2019. To evaluate the panel data, we utilized a fixed effect regression model. According to the findings, corporate social responsibility is positively and strongly connected with tax avoidance in GCC countries. Meanwhile, in the instance, CSR has a favorable but negligible influence on tax avoidance. Board nationality, on the other hand, has a positive and insignificant influence on CSR, whereas board independence, board ownership, board diversity, and board size have a negative and insignificant impact on CSR in GCC countries. The findings of the article have important implications for policymakers, scholars, and capital market participants in frontier and developing economies. It is more important for the government and businesses to pay attention to CSR.

Keywords

Iranian Economic Review

Articles in Press, Accepted Manuscript
Available Online from 03 September 2023

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